Insurance Operations Specialist (Placement & Premium)

Selections HR Services Private Limited; Gurugram District; Hybrid; INR 1,500,000 - 1,900,000; Full time

Job summary

Selections HR Services Private Limited in Gurugram is seeking an experienced professional for Insurance Operations focusing on premium management and placement across Indian and international markets. Hybrid work arrangement applies.

The role requires deep expertise in end-to-end insurance placement, premium calculations, and broking with stakeholders, underwriters, and clients to ensure compliant and timely placements.

Qualifications

• Minimum 7 years of relevant experience in the insurance domain, with exposure to Indian and international markets.

Responsibilities

• Manage end-to-end insurance placement activities, including risk assessment, coverage evaluation, market submissions, and policy placement.
• Coordinate with insurance companies, underwriters, and reinsurers to negotiate terms, coverage, and premiums.
• Handle premium-related activities including calculations, negotiations, payment tracking, and reconciliation.
• Develop and maintain relationships with insurers, brokers, clients, and stakeholders to ensure effective placement and service delivery.
• Analyse client requirements and identify suitable insurance products based on risk exposure and business needs.
• Manage insurance broking activities, including policy negotiations, placement documentation, renewals, and coordination with insurers.
• Support placement of insurance policies across Indian and international markets, ensuring compliance with regulations and market practices.
• Ensure timely processing of placements, premium payments, policy documentation, and renewals.
• Collaborate with internal teams and external stakeholders to resolve placement-related issues and ensure smooth execution of insurance transactions.

Skills

Insurance placement

Premium management

Insurance broking

Job description

Domain- Insurance Operations- Premium and Placements

Location- Gurugram

Work Mode- Hybrid

Job Summary

We are looking for an experienced professional with strong expertise in insurance placement, premium management, and insurance broking. The ideal candidate should have a minimum of 7 years of relevant experience in the insurance domain, with exposure to both Indian and international insurance markets.

Roles and Responsibilities

• Manage end-to-end insurance placement activities, including risk assessment, coverage evaluation, market submissions, and policy placement.
• Coordinate with insurance companies, underwriters, and reinsurers to negotiate competitive terms, coverage, and premiums.
• Handle insurance premium-related activities, including premium calculations, negotiations, payment tracking, and reconciliation.
• Develop and maintain strong relationships with insurers, brokers, clients, and other stakeholders to ensure effective placement and service delivery.
• Analyse client requirements and identify suitable insurance products and coverage options based on risk exposure and business needs.
• Manage insurance broking activities, including policy negotiations, placement documentation, renewals, and coordination with insurers.
• Support the placement of insurance policies across Indian and international markets, ensuring compliance with relevant regulations and market practices.
• Ensure the timely processing of insurance placements, premium payments, policy documentation, and renewals.
• Collaborate with internal teams and external stakeholders to resolve placement-related issues and ensure smooth execution of insurance transactions.