1 – 3 YearsBengaluru/BangaloreINR 3,00,000 – 3,50,000 P.A
Walkin Interview on 28th August from 10 AM
XL India International Property & Casualty Underwriting Services team is positioned as a Centre of Excellence for the XL Group, providing valuable support to the International Property and Casualty business across the globe. The teams function encompasses the entire life cycle of an insurance policy of which important components are Global Programs & Excess policies which are relatively complex accounts requiring meticulous detailing and analytical bent of mind. Adherence to Service Level Agreement is the key to achieving the organizational goals and of utmost importance. Amongst many others, the services performed by the team include the following key functions.
Submissions Detailed business/risk analysis of client is performed basis company websites, business consulting websites and financial/risk reports of the client. This report in turn is used by Underwriters to base their judgment on quoting/declining a risk.
Skelton Quotes/Quotes Quotes Involves entering the details and expanding the skeleton quotes in the system (GENIUS). Premium to be charged, coverage offered, reinsurance arrangement, Limits offered, premiums expected are all decided at this stage.
Invoice – This process involves coding the premium in the system, entering limits, deductibles, country specific taxes, brokerages, co-insurance arrangements, reinsurance agreements, terms & conditions, etc. and generating an invoice to bill the insured.
Policy Issuance/Processing Creation of the actual policy document that is sent to the client. Necessary forms for all insured locations are attached to the policy. The XL India International Property & Casualty Underwriting Services team handles unique accounts such as Incoming/Local policies, Managing General Agents (MGA), Assumed /follows co-insurance deals, and other complex businesses.
The activities performed by underwriting services team covers overall underwriting life-cycle with a focus of providing our global clients excellent risk-management services and assist the XL Group in becoming the top quintile performer in the industry.
Your responsibilities will include:
Learn business processing in core underwriting system within the defined time periods as per separate Work-Stream plan / Training plan.
Acquire detailed line specific policy and declaration interpretation skills.
Gain knowledge on Property and Casualty business and solutions.
Build-up detailed knowledge on the underwriting systems.
Documentation of all aspects of the future processes in detail including IT system manuals, workflows and detailed process maps.
Report progress and performance made periodically to the Underwriting Services Manager.
Develop himself / herself as a Subject Matter Expert and a role model on the GENIUS / Global UI Property and Casualty products and system.
Adhere to SLAs and quality targets set.
Operate process from offshore location and ensure complete adherence to defined Service Level Agreements productivity, turn-around-time, and accuracy.
Shift Timings – 8 am – 4.30 Pm & 12.30 Pm – 9.00 Pm (No night Shifts)
Job Location – Embassy tech village,Outer ring road Marathahalli,Bangalore
Working Days – 5 days:
Walk In Date – Friday 28th August 2015 (Between 10 AM- 2 PM)
Walk in Timings – 10.00 am- 2 .00 pm
Walk in venue-
Embassy Tech Village,
5th Floor, Tower 3, 2B Building Phase I, Outer Ring Road,
Devarabisanahalli Village, Varthur Hobli, Bangalore 560 103
Landmark- Near New Horizon College
Contact Person – Jim Chrispin
Transport will be Provided.