Placement Manager – Non EB (Property Insurance)

• Role Description

This is a full-time, on-site role for a Placement Manager Non EB (Property Insurance) located in Bengaluru and Delhi. We are looking for a strong technical professional to lead Property Insurance Placement (Non-Employee Benefits) within our broking division. The role involves end-to-end placement of Property & Fire insurance programs, risk evaluation, insurer negotiations, and securing competitive coverage solutions for corporate clients.

• Key Responsibilities

Risk Assessment & Structuring

1. Evaluate client risk exposures (construction, occupancy, sum insured, fire protection, location hazards).
2. Review proposal forms, risk inspection reports, and loss history.
3. Structure insurance programs based on client risk profile and insurer appetite.

Products Handling (Property Insurance)

The candidate must have hands-on experience in:

1. Standard Fire & Special Perils (SFSP)
2. Industrial All Risk (IAR)
3. Mega Industrial All Risk (Mega IAR)
4. Contractors All Risks (CAR) Property Section
5. Fire Risk Assessment (Sokshma, where applicable) Add-ons like Escalation, Debris Removal, Earthquake, Loss of Profit (LOP) / Business Interruption

RFQ & Negotiation

1. Prepare and circulate RFQs to multiple insurers.
2. Compile Quote Comparison Reports (QCR).
3. Negotiate premiums, deductibles, warranties, and special clauses.
4. Finalize optimal terms balancing coverage and pricing.

Placement & Policy Issuance

1. Ensure smooth placement and timely issuance of policies.
2. Review policy wordings before release.
3. Coordinate with operations for endorsements and renewals.

Client & Insurer Coordination

1. Act as a technical advisor to clients on property coverage.
2. Liaise with insurer underwriting teams for approvals and clarifications.
3. Support claims team with policy interpretation when required.

• Candidate Profile

1. Experience: 710 years in Property Placement / Fire Underwriting / General Insurance Broking.
2. Strong exposure to Corporate Property portfolios.
3. Excellent negotiation and analytical skills.
4. Deep understanding of Fire & Engineering policy wordings.
5. Proficient in MS Excel (premium comparison, risk analysis).
6. Bachelors degree in Finance / Insurance / Business or related field.