✨ AI Summary
The Underwriter General Department role involves reviewing and evaluating insurance proposals, assessing coverage requirements, and making underwriting decisions based on risk analysis. Key responsibilities include providing support to Client Relationship Managers and clients, negotiating policy terms, conditions, pricing, and rates with insurance companies, and coordinating policy issuance. The role also requires ensuring compliance with internal policies and regulatory requirements, managing renewals, and maintaining accurate records. Essential skills include negotiation, relationship management, attention to detail, time management, and knowledge of insurance products and market practices.
Requirements
Review and evaluate insurance proposals, analyze background information, and assess risk for underwriting decisions. Provide support to Client Relationship Managers and clients, negotiate policy terms, and process policy issuance. Ensure compliance with policies and regulatory requirements, manage renewals, and maintain accurate records.
Description
Key Responsibilities And AccountabilitiesReview and evaluate insurance proposals to assess coverage requirements and underwriting feasibility.Analyze background information, exposure details, and risk assessments to support underwriting decisions.Provide timely and adequate support to Client Relationship Managers (CRMs) and clients on underwriting matters, quotations, and policy terms.Negotiate policy terms, conditions, pricing, and rates with insurance companies to secure competitive and suitable coverage solutions.Coordinate and process policy issuance and ensure accurate booking of policies within agreed timelines.Ensure all underwriting activities are carried out with proper due diligence and in compliance with internal policies, regulatory requirements, and insurer guidelines.Manage and maintain effective working relationships with insurance companies, .Monitor renewals and support retention of existing business through proactive engagement and service delivery.Maintain accurate records and documentation related to underwriting and policy transactions.Support business growth by delivering efficient underwriting solutions.Skills & CompetenciesNegotiation and relationship management abilitiesAttention to detail and accuracyKnowledge of insurance products and market practicesEffective communication Time management and ability to manage multiple priorities