Deputy Manager – Motor Underwriting – Insurance

Serving Skill; Mumbai; On-site; INR 1,500,000 - 2,200,000; Full time

Job summary

A leading insurance firm in Mumbai is seeking a Deputy Manager for Motor Underwriting. This role involves analyzing client requirements, preparing policy documents, and managing the profitability of the motor portfolio. The ideal candidate should have strong product knowledge in motor insurance and excellent communication skills to engage with clients effectively.

Qualifications

• Strong product knowledge in all segments of Motor insurance.
• Good understanding of risk analytics.
• Effective communication and presentation skills.
• Ability to present insights and negotiate with senior stakeholders.
• Ability to build relationships and manage conflicts in a multi-function environment.

Responsibilities

• Analyze client requirements and design policies.
• Prepare policy documents and conduct risk assessments.
• Manage client relationships and portfolio profitability.
• Analyze claim reports and related claims documentation.
• Advise clients on safety to reduce claims and improve ICR (Incurred Claim Ratio).
• Prepare policy schedules, endorsements, money receipts, and policy worksheets.
• Conduct portfolio analysis to improve profitability and identify unprofitable pockets.
• Contribute to pricing strategy for motor products to enhance portfolio profitability.
• Monitor motor portfolio ODLR & COR and evaluate intermediary performance.
• Support risk evaluation, quantification, and mitigation for product development.

Skills

Motor product knowledge

Business analytics

Communication skills

Presentation skills

Relationship building

Conflict management

MS Office proficiency

Tools

MS Office

Job description

Deputy Manager – Motor Underwriting

Job Description:

• Analysis of client requirements in detail and design Policy accordingly.
• Assessment of the risk associated with the project.
• Preparing Policy documents like data sheets of invoices of all the Laptops covered and data sheets of all the employees for PA coverage.
• Analysis of Claim reports and all documents related to claims.
• Meeting with clients and guiding them regarding safety to reduce claims and ICR (Incurred Claim Ratio).
• Preparing Policy Schedule, Money Receipt, Endorsement Copies, and Policy worksheets.
• Portfolio analysis to increase profitability and churn out non-profitable pockets.
• Strategic input in Pricing of Motor products to improve portfolio profitability.
• Monitoring of Motor Portfolio ODLR & COR.
• Performance evaluation of Intermediaries.
• Analysis and evaluation of new developments and trends in the market to establish an overview and support product enhancement and development, including support in risk evaluating, quantifying, and mitigating.
• Contribution to the development, planning, and execution of company strategy (including but not limited to profitability, underwriting, marketing, etc.) in line with group strategy and goals.
• Responsibility for achieving the top line and the bottom line of the branch for the Motor line of business in accordance with prescribed guidelines.

Skills & Competencies:

• Good product knowledge in all segments of Motor.
• Good understanding of numbers/analytics with a sense of business/risk.
• Good communication and coordination skills to interact and collaborate with multiple functions.
• Good presentation skills with the ability to engage with seniors and make effective strategic recommendations.
• Relationship building and conflict management.
• Proficiency in MS Office.
• Extreme command over the computer and good communication and understanding of Motor Insurance Products.