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NewsDesk
27-08-2013, 01:42 PM
Vice President - Underwriting
HDFC Standard Life Insurance - Mahalaxmi, Mumbai (Mumbai Area, India)

Job Description

Ensure that the underwriting policy of the company is executed and updated with appropriate board approvals from time to time
Establish underwriting guidelines working together with actuaries, reinsurers , sales, distributors etc to write profitable risks for the company
Ensure that all reinsurance treaties and addendums pertaining to underwriting are in place and enforceable at all times
Ensure that the underwriting authority within the underwriting team is distributed according to merit, experience and quality of the underwriting decision of the underwriters.
Establish a robust mechanism for checking and maintaining the quality of the underwriting decisions
Appraise top management of the portfolio risks and recommend steps to controls the risks detected through continuous analysis of the portfolio done with or without the help of the reinsurers
Ensure that the company is able to negotiate reinsurance costs in the market by highlighting the quality of the risks and the underwriting standards of the company
Constantly communicate with Sales and Distributors encouraging them to use the standards of underwriting in their communication with customers
Provide constant inputs and feedback on the medical network, quality and effectiveness of the medical reports, medical opinions etc
Constantly review and customize the medical charts with changes in the market and improvement in the risks underwrittien, with the approval of reinsurers wherever necessary.
Ensure that the industry recognizes the underwriting team as the trendsetter in underwriting in the Indian Insurance Industry
Ensure that underwriters are constantly groomed and trained within the company so that the risk of attrition is controlled and monitored


Desired Skills & Experience
Years of Experience: Minimum 8 years of experience in Life & Health Insurance Underwriting (should have underwritten with the highest underwriting authority )

Qualification: B.Sc. / B. Pharm. / BAMS / BHMS / BDS / MBBS

More Info and How to Apply - Link (http://www.linkedin.com/jobs?viewJob=&jobId=6835934&trk=rj_em&fromEmail=&ut=1kUTwhJ149lRU1)