MANGESH KHUNE
solapur
Summary
Dynamic and experienced underwriter with a proven track record in medical and business insurance underwriting, seeking to leverage of expertise in risk assessment, financial analysis, and fraud detection to contribute to the success of a forward-thinking insurance company. Dedicated to making data-driven underwriting decisions that optimize profitability while ensuring compliance with regulatory standards. Eager to further develop skills in underwriting complex cases and to drive strategic initiatives aimed at enhancing underwriting efficiency and effectiveness
Overview
5
5
years of professional experience
1
1
Certification
Work History
Life Insurance Underwriter
ETHOS
Bangalore
07.2024 - Current
- Experienced Medical Underwriter with a robust background in both the Indian and US life insurance markets. Proven expertise in meticulous medical and financial risk assessment, adept at evaluating complex health histories and financial data to determine insurance eligibility and pricing. Skilled in applying underwriting guidelines to ensure balanced risk management and profitability for insurance companies. Strong analytical skills combined with a deep understanding of medical terminology and insurance regulations.
Deputy Manager
Max life insurance
Pune
07.2023 - 07.2024
- Proficient in evaluating medical reports to assess the health risks associated with insurance applicants
- Skilled in interpreting medical terminology, diagnostic tests, and treatment procedures to make informed underwriting decisions
- Experienced in analyzing financial documents such as income statements, tax returns, and bank statements to evaluate the financial stability of insurance applicants
- Able to identify inconsistencies or discrepancies in financial information to mitigate risks and ensure accurate underwriting
- Demonstrated expertise in underwriting business insurance cases, including assessing risk factors, determining coverage limits, and pricing policies accordingly
- Proficient in analyzing various types of business entities and industries to assess their insurance needs and provide tailored solutions
- Experienced in handling politically exposed person cases, including conducting enhanced due diligence and risk assessments to comply with regulatory requirements
- Knowledgeable about identifying and mitigating potential risks associated with insuring PEPs and their related entities
- Skilled in detecting fraudulent activities and misrepresentations in insurance applications through thorough investigation and analysis
- Proficient in utilizing fraud detection tools, data analysis techniques, and industry best practices to prevent fraud and protect company assets
- Conducted quality checks and audits on underwritten cases to ensure compliance with underwriting guidelines, regulatory standards, and company policies
- Implemented corrective actions and process improvements to enhance the quality and accuracy of underwriting decisions
- Collaborated effectively with cross-functional teams, including underwriters, actuaries, claims professionals, and legal advisors, to assess risks and make sound underwriting decisions
- Communicated underwriting recommendations clearly and concisely to stakeholders, including management, agents, and clients, to facilitate informed decision-making.
Deputy Manager
Aditya Birla Sun life Insurance
Thane
07.2022 - 07.2023
- Proficient in underwriting group life insurance policies for organizations of varying sizes and industries
- Experienced in assessing risk factors specific to group coverage, including demographics, employee benefits, and plan structures
- Expertise in Credit Life Insurance Products: Proficient in underwriting credit life insurance policies tailored to the needs of lenders and financial institutions
- Experienced in assessing risk factors specific to credit life coverage, including borrower demographics, loan terms, and collateral types.
Deputy Manager
KOTAK Life Insurance
Mumbai
08.2019 - 07.2022
- Proficient in underwriting investment-linked life insurance policies, including variable life, unit-linked, and other investment-based products
- Experienced in structuring insurance plans that offer investment opportunities alongside life coverage, catering to the financial goals and risk profiles of policyholders
- Effectively addressed sales queries and inquiries related to insurance products, providing timely and accurate information to sales teams, agents, and clients
- Collaborated with sales and marketing departments to understand customer needs and preferences, offering insights and recommendations to optimize sales strategies and enhance customer experience
- Successfully managed and led the Tele-Video Medical Requirements (FMR) department, overseeing a team responsible for conducting remote assessments and verifications for insurance applicants
- Implemented efficient processes and protocols to streamline Tele-Video FMR operations, improving turnaround times and enhancing customer satisfaction.
Education
M. Pharmacy - Pharmacy
Mumbai University
Mumbai07.2019
B. Pharmacy - Pharmacy
Solapur University
Solapur, Maharashtra07.2017
HSC -
Maharashtra state board
Latur, Maharashtra07.2013
SSC -
Maharashtra state board
07.2011
Skills
- Proficiency in underwriting software and tools
- Data analysis and interpretation skills
- Advanced Excel skills for financial analysis and modeling
- Familiarity with insurance industry databases and resources
- Deep understanding of insurance principles
- Knowledge of medical terminology, diagnostic procedures, and treatment protocols for medical underwriting
- Understanding of financial statements, tax documents, and other financial data relevant to underwriting
- Familiarity with regulatory requirements and compliance standards in the insurance industry
Certification
- Pharmacy council of India
- Insurance Institute of India
Additional Information
GPAT Qualified with all India rank 1478
Timeline
Life Insurance Underwriter
ETHOS
07.2024 - Current
Deputy Manager
Max life insurance
07.2023 - 07.2024
Deputy Manager
Aditya Birla Sun life Insurance
07.2022 - 07.2023
Deputy Manager
KOTAK Life Insurance
08.2019 - 07.2022
M. Pharmacy - Pharmacy
Mumbai University
B. Pharmacy - Pharmacy
Solapur University
HSC -
Maharashtra state board
SSC -
Maharashtra state board