Head Underwriting Vice President Gurugram (India)

XpertReach; India; On-site; INR 1,500,000 - 2,200,000; Full time

Job summary

XpertReach in India seeks a senior underwriting leader to head underwriting, reinsurance and medical management to improve profitability and customer experience. You will shape policy standards and drive sustainable operating models.

You will provide technical leadership on product development, medical and non-medical underwriting, monitor trends, guide automation, and ensure SLAs with TPAs are met. This role collaborates with Directors to align risk appetite with business goals and leads

Qualifications

• Governance of underwriting and claims for life and health insurance.
• Develop and implement underwriting principles, guidelines and standards.
• Provides deep technical leadership on product development, medical, financial, and non-medical underwriting and claims adjudication.
• Continually contributes to development of the organization's Underwriting and Claims philosophies by monitoring emerging trends and best practices.
• Recommends and implements changes to underwriting, risk assessment and claims philosophies, methodologies, practices, processes, and technologies.
• Ensures Underwriting and Claims leaders maintain up to date required underwriting and claims knowledge and skills.
• Govern the performance of Third Party Administrator to ensure SLAs are met.
• Analyse Underwriting practice, including product and underwriting effectiveness.

Responsibilities

• Govern underwriting and claims for life and health insurance.
• Develop and implement underwriting principles, guidelines and standards.
• Provide deep technical leadership on product development, medical, financial, and non-medical underwriting and claims adjudication.
• Monitor emerging trends and best practices in underwriting.
• Recommend changes to underwriting philosophies, methodologies, practices, processes and technologies.
• Ensure underwriting and claims knowledge and skills remain up to date.
• Govern the performance of Third Party Administrators to meet SLAs.
• Analyze underwriting practice, including product and underwriting effectiveness.

Skills

Underwriting leadership

Life insurance

Product development

Medical underwriting

Claims adjudication

Governance

Job description

The role holder will lead the underwriting, Reinsurance and medical management team to ensure greater underwriting effectiveness, and improve customer experience. This includes maximizing the protective value of underwriting, reduce volatility of the claims experience and create a sustainable and profitable operating model. The Jobholder will work closely with the Director - Operations & Customer Service in formulating policy, serving and Underwriting standards to assess current business within acceptable risks.

He/she will also have the overall responsibility for strengthening the business areas commercial operations through awareness of the market conditions. The role holder will be required to design Guidelines for an effective and productive underwriting and to ensure that Life Insurance venture provides professional underwriting service to its clients and maintain healthy levels of profitability, growth and development. The role holder will also be required to support automation in department, support product design and create underwriting guidelines for current products and group guidelines.

Key responsibility areas:

• Governance of Underwriting and Claims for life and health insurance
• Develop and implement underwriting and claims principles, guidelines and standards
• Provides deep technical leadership on product development, medical, financial, and non-medical underwriting and claims adjudication
• Continually contributes to development of the organization's Underwriting and Claims philosophies by monitoring emerging trends and best practices
• Recommends and implements changes to the underwriting , Risk assessment and claims philosophies, methodologies, practices, processes, and technologies
• Ensures Underwriting and Claims leaders maintain up to date required underwriting and claims knowledge and skills
• Govern the performance of Third Party Administrator to ensure SLAs are met;
• Analyse Underwriting practice, including product and underwriting effectivenes .