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Consultant Underwriting - Re work Ratio

  • 20+ Hrs/Week
  •  Remote - Mumbai / Navi Mumbai
  • 5 months
  • Project posted on: 21/02/2022

Consultant Underwriting - Re work Ratio

  • Finance
  • Data analytics
  • Credit and risk analysis

Remote - Mumbai / Navi Mumbai, Delhi / NCR, Kolkata, Chennai, Bangalore, Pune, Hyderabad

20+ Hrs/Week

5 months

 21/02/2022

Assignment Details

Our client, a Leading Insurance Firm from India is looking to engage with a consultant to help with Underwriting - Re work Ratio, Identify reasons of high rework ratio including channel specific issues and to come out with probable solutions to address major identified reasons.

Project Introduction:

- Study channel wise data on submission and issuance in detail and Draw inferences on Rework ratios
- Identifying top 5 reasons for high rework ratio and suggestions to reduce the same

Key Project Deliverables:

- Recommend solutions
- Rework/Additional work

a. STP rule engine – if the rules are working as expected
b. UW cleared cases which keep coming back to UW post DST clearance
c. Production issues – identification and Identifying gaps – if the system is behaving as expected
d. Bringing sync in the various processes NB, Med-net and Workflow related gaps

Skills Required

- Experience on audit & insurance background
- Experience of insurance Underwriting
- Excellent communication skills
- Experience of risk assessment
- Good proficiency with MS Excel

About the Client

An Indian general insurance company

Industry

Insurance

Minimum Experience:

6+ years

Additional Skills:

  • MS Excel
  • Data Modelling
  • Benchmarking
  • Budgeting & Costing
  • Data analytics
  • General Insurance
  • Health Insurances
  • Financial reporting
  • Risk (Underwriting)
  • ESOPs
  • Business and finance writing

No of open positions:

1

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