Key Responsibilities
1. Risk Assessment: Evaluate life insurance applications and determine the level of risk involved.
Analyse medical records, financial documents, and lifestyle factors.
2. Decision Making: Collaborate with medical consultants for complex cases.
Ensure decisions align with underwriting guidelines and compliance standards.
3. Documentation and Reporting: Maintain accurate records of underwriting decisions and justifications.
Prepare detailed reports and summaries for management and clients.
5. Process Improvement: Identify trends in applications and recommend updates to underwriting guidelines.
Qualifications
· Bachelor’s degree in finance, insurance, medical sciences, or a related field. (Any Graduate or B. Pharma)
· Professional certifications (e.g., ALU, FALU, or LOMA) are a plus.
· Comprehensive knowledge of life insurance products, policies, and underwriting guidelines.
Skills Required
· Strong analytical and decision-making skills.
· Excellent understanding of medical terminology and financial analysis.
· Proficient in underwriting software and tools