Placement Manager - Non EB

Anand Rathi Insurance Brokers Ltd; Bengaluru; On-site; INR 600,000 - 1,000,000; Full time

Job summary

Anand Rathi Insurance Brokers Ltd. is seeking professionals to assess client risk, analyze Non-EB insurance products, and recommend suitable coverage.

The role involves negotiating terms with insurers, coordinating policy issuance, and educating clients on policy features and coverage. Ideal candidates will have a background in insurance placement, underwriting, or related roles, with strong client relationships and regulatory awareness.

Qualifications

• Strong understanding of insurance products, policies, underwriting, and industry practices (Non-EB products).
• Stays informed about insurance market dynamics, regulations, and trends.

Responsibilities

• Assess clients' risk profiles and insurance needs to determine appropriate products.
• Analyze Non-EB products and recommend suitable options for clients.
• Negotiate policy terms, coverage, and premiums with underwriters to secure favorable terms.
• Coordinate with insurers to meet client requirements while ensuring compliance.
• Facilitate placement and issuance of policies and ensure timely delivery to clients.
• Engage with clients to explain policy features, terms and conditions.
• Stay updated on market trends and emerging products to provide informed recommendations.

Skills

Client relationship management

Communication skills

Education

Bachelor's degree in business/insurance/finance

Job description

Key Expectations of the Role

Insurance Product Analysis and Selection:

• Assess clients' risk profiles and insurance needs to determine the appropriate insurance products.
• Analyze various insurance products (Non-EB products) available in the market and recommend the most suitable ones for clients.

Negotiation and Terms Agreement:

• Negotiate policy terms, coverage, and premiums with insurance underwriters to ensure optimal terms for clients.
• Collaborate with insurers to negotiate policy conditions that meet clients' requirements while adhering to compliance and regulations.

Policy Placement and Issuance:

• Facilitate the smooth placement and issuance of insurance policies for clients.
• Coordinate with internal departments to ensure accurate policy issuance and timely delivery to clients.

Client Engagement and Education:

• Engage with clients to provide updates on policy placements and ensure they understand the terms and conditions of their insurance coverage.
• Educate clients on policy features, benefits, and coverage details.

Market Research and Trends Monitoring:

• Stay updated on market trends, insurance products, and industry developments to offer informed recommendations to clients.
• Conduct market research to identify emerging insurance products and assess their suitability for clients.

Competencies Required for the Role

Insurance Industry Knowledge:

• Possesses a strong understanding of insurance products, policies, underwriting, and industry practices. Specifically Non-EB products.
• Stays informed about insurance market dynamics, regulations, and emerging trends.

Client Relationship Management:

• Builds and maintains strong relationships with clients, understanding their needs and delivering exceptional service.
• Listens to clients, provides appropriate advice, and addresses inquiries effectively.

Personal Qualifications

• Educational Background: A bachelor's degree in business, insurance, finance, or a related field is preferred.
• Experience: Prior experience in insurance placement (mainly in Non-EB products) , underwriting, or related roles within the insurance industry is advantageous.