Senior Underwriter - Motor | GI | Pune

Head Motor Placement

Accurate Risk Managers & Insurance Brokers

Location : Pune To ensure accurate and timely placement of motor insurance policies with insurers, negotiate terms, coordinate documentation, and support the servicing team in policy issuance and renewals.

Key Responsibilities

• Negotiations with insurance companies for policy lowest premium and best policy brokerage.
• Compare quotations from multiple insurers.
• Finalize the best terms, coverage, and premium as per client requirement.
• Ensure proper placement slip preparation and submission.
• Follow up with insurers for policy issuance within TAT.
• Verify policy documents for coverage, IDV, premium, add-on covers, clauses, endorsements.
• Ensure error-free policy documentation before sending to client.
• Maintain strong relationships with underwriters of insurance companies.
• Negotiate for better premium, add-on covers, and wider coverage.
• Handle clarifications from insurers regarding vehicle details and risk information.
• Maintain records of: Quotations, Placement slips, Proposal forms, Policy copies.
• Ensure compliance with IRDAI guidelines.
• Track policy renewal dates.
• Collect renewal quotes from insurers.
• Ensure timely renewal placement.
• Work closely with: Sales team, Client servicing team, Claims team.
• Ensure smooth flow of information between insurer and client.
• Maintain placement MIS reports.
• Ensure documentation for audits and regulatory requirements.

Key Skills Required

• Knowledge of Motor Insurance products.
• Strong negotiation skills.
• Good communication with insurers.
• Attention to policy wording and coverage details.
• Knowledge of IDV, add-on covers, endorsements, and motor underwriting.
• MS Excel & documentation management.

Qualification

• Graduate (preferably Insurance / Commerce / Management).
• Certification like III / IRDAI training is an advantage.
• Minimum 2–5 years of experience in Group Insurance Underwriting (Broker or Insurer side)