Underwriting & Placement -Non Employee Benefit

Edme is hiring for Non EB Placement in Bangalore .

Job Purpose

To manage end-to-end placement of Non-Employee Benefits (Non-EB) General Insurance risks, ensuring optimal coverage, competitive pricing, and timely policy issuance through effective coordination with insurers and internal teams.

Key Responsibilities

Placement & Renewals

• Handle placement and renewal of Non-EB General Insurance policies, including:
• Property (Fire & Allied Perils)
• Engineering
• Marine (Cargo & Hull)
• Liability (Public, Product, Workmens Compensation, Professional Indemnity)
• Motor (Fleet & Non-Fleet)
• Cyber, D&O, and other specialty lines (where applicable)
• Obtain quotations from multiple insurers and negotiate premiums, deductibles, limits, and policy wordings.
• Analyze insurer quotes and prepare comparison sheets and placement recommendations.

Insurer & Market Coordination

• Maintain strong working relationships with underwriters and insurers.
• Track insurer appetite, capacity, pricing trends, and market movements.
• Support insurer meetings, risk presentations, and technical discussions.

Internal Stakeholder Support

• Work closely with Corporate Sales, Account Management, and Operations teams.
• Support large RFQs, new business placements, and complex renewals.
• Assist in resolving placement-related escalations and underwriting queries.

Documentation & Compliance

• Ensure timely policy issuance, endorsements, and documentation.
• Review policy wordings for accuracy, coverage, and compliance.
• Ensure adherence to IRDAI regulations and internal SOPs.
• Maintain MIS, placement trackers, and audit-ready documentation.

Key Skills & Competencies

• Strong understanding of General Insurance (Non-EB) products.
• Excellent negotiation and analytical skills.
• Ability to interpret complex policy wordings and risk exposures.
• Good communication and coordination skills.
• Proficiency in MS Excel and MIS reporting.
• Ability to work under pressure during renewal cycles.

Qualifications & Experience

• Graduate/Postgraduate in any discipline (Insurance/MBA preferred).
• 8-10 years of experience in Non-EB Placement / GI Underwriting / Broking.
• Prior experience dealing with multiple insurers and large corporate risks preferred.
• Knowledge of specialty and liability lines is an advantage.