Insurance Operations Specialist (Placement & Premium)

Role- Lead Specialist

Domain- Insurance Operations- Premium and Placements

Location- Gurugram

Work Mode- Hybrid

Job Summary

We are looking for an experienced professional with strong expertise in insurance placement, premium management, and insurance broking. The ideal candidate should have a minimum of 7 years of relevant experience in the insurance domain, with exposure to both Indian and international insurance markets.

Roles and Responsibilities

• Manage end-to-end insurance placement activities, including risk assessment, coverage evaluation, market submissions, and policy placement.
• Coordinate with insurance companies, underwriters, and reinsurers to negotiate competitive terms, coverage, and premiums.
• Handle insurance premium-related activities, including premium calculations, negotiations, payment tracking, and reconciliation.
• Develop and maintain strong relationships with insurers, brokers, clients, and other stakeholders to ensure effective placement and service delivery.
• Analyse client requirements and identify suitable insurance products and coverage options based on risk exposure and business needs.
• Manage insurance broking activities, including policy negotiations, placement documentation, renewals, and coordination with insurers.
• Support the placement of insurance policies across Indian and international markets, ensuring compliance with relevant regulations and market practices.
• Ensure the timely processing of insurance placements, premium payments, policy documentation, and renewals.
• Collaborate with internal teams and external stakeholders to resolve placement-related issues and ensure smooth execution of insurance transactions.