Asst. Manager Medical and Life at Exim
Job Description
As a Medical and Life Insurance Underwriter, you will play a crucial
role in assessing and evaluating insurance applications related to
medical and life coverage. You will analyze various factors to determine
the level of risk associated with insuring individuals or groups for
medical and life expenses. Your expertise will contribute to maintaining
a profitable and sustainable medical and life insurance portfolio while
ensuring compliance with regulatory requirements.
Roles & Responsibilities
Recommended:
To evaluate medical and life insurance applications and determine the
level of risk involved, considering factors such as customer history,
pre-existing conditions, age, and lifestyle habits.
Develop and implement underwriting strategies and guidelines for medical
and life insurance products, ensuring alignment with company
objectives, risk appetite, and regulatory requirements.
Lead and manage a team of underwriters, providing guidance, training,
and performance feedback to ensure high levels of productivity,
accuracy, and professionalism.
Determine the terms and conditions of insurance policies based on
underwriting assessments and company guidelines. Issue policies to
approved applicants and ensure accurate documentation of coverage
details.
Calculate insurance premiums based on risk assessment findings, market
trends, and actuarial data. Ensure that premium rates are competitive
while maintaining profitability for the insurance company.
Review policy renewals and endorsements to assess changes in risk
factors and adjust coverage terms or premiums as necessary. Communicate
renewal options to policyholders and guide policy modifications.
Communicate with policyholders, insurance companies, and healthcare
providers to address inquiries, guide coverage options, and resolve
underwriting-related issues in a timely and professional manner.
Ensure compliance with regulatory requirements, industry standards, and
company policies in all underwriting activities. Stay updated on changes
in healthcare regulations and underwriting best practices.
Identify emerging trends and patterns in insurance claims and
underwriting data. Collaborate with risk management teams to develop
strategies for mitigating risks and optimizing the performance of the
medical and life insurance portfolio.
Conduct quality reviews of underwriting decisions and documentation to
ensure accuracy, consistency, and adherence to underwriting guidelines
and standards.
Monitor market trends, competitor activities, and industry developments
related to medical and life insurance underwriting. Analyze data and
insights to identify opportunities for portfolio optimization and
growth.
Read Also:
Ensure timeliness of quotations, invoicing, timely dispatch, and
tracking of documents to the Branches and the respective customers.
Track key performance indicators (KPIs) for underwriting operations,
such as approval rates, turnaround times, and loss ratios. Develop
strategies to improve efficiency, accuracy, and profitability.
Prepare regular and ad-hoc reports, dashboards, and presentations to
communicate performance trends, findings, and recommendations to
management and stakeholders for the medical and life segments.
QUALIFICATION AND EXPERIENCE REQUIRED
Professional certificates (Bachelor ‘s degree or its equivalent in
insurance, bank, risk management, law, actuarial science, finance,
Business Administration
At least 5 years of work experience in the Insurance Industry
How to Apply:
To submit your application, please follow the link provided below.
