Motor Underwriter | General Insurance | Pune

Policy Placement (Motor) – Insurance Broking

Location : Pune only

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.