Head Motor Placement

About the Role

- Negotiate 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

Additional Details