Underwriting & placement (General insurance)

Boost Tech; Singapore; On-site; SGD 20,000 - 60,000; Full time

Job summary

A leading insurance firm in Singapore is seeking an experienced underwriter to source quotes for health products, negotiate terms, and assist the sales team. The ideal candidate should have a graduate degree and a minimum of 2 years of underwriting experience. This role requires strong negotiation and relationship-building skills. The position is full-time, with responsibilities including quote preparation and analysis of underwriting options.

Qualifications

• Minimum of 2 years of underwriting experience in an insurance broking background required.
• Sound product knowledge in Group Mediclaim and other health insurance policies.
• Ability to work independently and engage with corporate executives.

Responsibilities

• Source quotes for health products and negotiate terms with insurance companies.
• Prepare comparative reports for quotes and assist the sales team.
• Analyze loss exposures and determine underwriting alternatives.

Skills

Underwriting

Negotiation

Relationship building

Customer acquisition

Operations management

Education

Graduate or post-graduate degree

Insurance qualifications preferred

Job description

The job involves sourcing quotes for Health Products like Group Mediclaim, Group Personal Accident, and Group Term Life insurance policies. You will be responsible for drawing up competitive insurance premium quotes and negotiating specific terms with insurance companies. Additionally, you will prepare comparative reports for quotes, build relationships with public sector offices, and liaise with insurance specialists to gather information. You will assist the sales team in client interactions for large proposals, analyze loss exposures, and determine underwriting alternatives. Keeping detailed records of policies underwritten and decisions made is also part of the role.To qualify for this position, you should have a graduate or post-graduate degree in any stream, with additional qualifications in the insurance field being preferred. A minimum of 2 years of underwriting experience in an insurance broking background is required, along with sound product knowledge in Group Mediclaim, Group Personal Accident, and Group Term Life insurance. The ability to work independently, engage with corporate executives, and demonstrate a self-driven and enthusiastic attitude is essential. Previous experience should be based in Mumbai.The job is full-time and requires the following application questions to be answered:1. Do you have experience in Health insurance or General Insurance (Please specify)2. Do you have experience in preparing Quotations 3. Do you have experience in corporate insurance 4. What is your current CTC What is your expectation 5. Are you comfortable working in the Andheri location Please note that the work location is in person.,

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gap analysis, Audit, MIS, Reporting,Non EB placement, insurer negotiations, insurer connect, client context analysis, historical policy documents, claims MIS, premium amount analysis, insurance companies identification, request for quotations RFQ, quotes comparison reports QCR, terms negotiation, placement slip preparation, policy document scrutiny, TAT management, Stakeholder Relationship Management

Customer acquisition, Operations management, Strategic planning, Budgeting, Relationship building, Leadership, Negotiation, Presentation skills, Underwriting, Risk assessment,Revenue growth, Corporate General Insurance, General Insurance Broking, Sales strategy development, General insurance industry knowledge

5 to 9 Yrs

All India

• General Insurance
• Health Insurance
• +10

  Property Insurance, Marine Insurance, Rating, Cold Calling, Sales Strategy,Fire Insurance, Liability Insurance, Policy Terms Conditions, Marketing Strategies, Risk Management Strategies

gap analysis, Audit, MIS, Reporting,Non EB placement, insurer negotiations, insurer connect, client context analysis, historical policy documents, claims MIS, premium amount analysis, insurance companies identification, request for quotations RFQ, quotes comparison reports QCR, terms negotiation, placement slip preparation, policy document scrutiny, TAT management, Stakeholder Relationship Management

Customer acquisition, Operations management, Strategic planning, Budgeting, Relationship building, Leadership, Negotiation, Presentation skills, Underwriting, Risk assessment,Revenue growth, Corporate General Insurance, General Insurance Broking, Sales strategy development, General insurance industry knowledge

5 to 9 Yrs

All India

• General Insurance
• Health Insurance
• +10

  Property Insurance, Marine Insurance, Rating, Cold Calling, Sales Strategy,Fire Insurance, Liability Insurance, Policy Terms Conditions, Marketing Strategies, Risk Management Strategies