Mihir Wakankar

Currently working as a Consultant Underwriter with TATA AIA Life Insurance Co. Ltd since Aug 2020.

• Role involves underwriting of Life insurance applications within my limit.
• Current Limit - 5.0 Cr Sum assured
• EMR limit - +125 for Life, +75 for CI & Hospicare riders.
• Occupation & residential - 2 per mille flat rate

Worked as Senior consultant underwriter with Kotak Life insurance Co Ltd.

Role involved Underwriting of High value Life insurance applications with Re-insurance referrals.

Oversaw E-insurance online channel profile, Group Insurance underwriting & Re insurance admin profiles.

• Monitored & mentored a team of 10 underwriters.
• Collaborated with cross-functional teams for achieving TAT and reducing multiple iterations of pending cases.
• Implemented effective training programs to enhance employee skills.

• Monitored and maintained TAT as per agreed SLA
• Monitored productivity of team members and motivated the team towards achievement of targets.
• Managed internal as well as regulatory audits.
• Ensured compliance with industry regulations and legal requirements by implementing comprehensive policies and training programs for staff members.
• Collaborated with Reinsurance team for facultative and medical opinion cases ensuring timely decisions.
• Underwriting of Revival cases and re-underwriting of Claims cases.
• Was a part of UAT of new functionalities related to underwriting module involving preparation of test cases and system testing in UAT environment.
• Was a key resource for Tab application revamp project involving streamlining of the existing online Tab process.
• Mentored and trained junior team members for career advancement, fostering a pipeline of future leaders within the organization.
• Organized regular training sessions for underwriters and management trainees on basics of insurance, medical and financial underwriting along with hands on training
• Got promoted to Manager Underwriting & received Excellence award in the year 2011

• Medical and financial underwriting of HNI & High value insurance applications.

• Life Insurance Underwriter & process specialist for UK Life Insurance & US Mortgage underwriting
• Received Top Performer award for the months March 2003 & June 2003

• Was involved in backend support and handled back office operations

• Client support and back office operations