Shravan Kumar B
Hyderabad
Summary
Dedicated Insurance Professional with over 9 years of experience in underwriting and product analysis. Specializes in enhancing workflows and adopting automated solutions to boost efficiency. Committed to enhancing insurance operations and supporting new product development.
Overview
9
9
years of professional experience
Work History
Product Analyst
Jarus Technologies India Pvt Ltd
Hyderabad
02.2023 - Current
- Gathered and documented business requirements for Property & Casualty (P&C) insurance processes, focusing on underwriting and policy management.
- Analyzed workflows to identify inefficiencies and recommend process improvements, leading to enhanced operational effectiveness.
- Collaborated with stakeholders to implement system enhancements and develop new insurance products, ensuring alignment with business goals.
- Led the transformation of manual Excel and paper-based processes into automated software solutions, significantly improving efficiency.
- Designed software product definitions, including code lists, macros, rate tables, and business rules by analyzing insurance manuals and Excel raters.
- Worked closely with cross-functional teams to ensure the accurate development and implementation of insurance software solutions.
- Conducted user acceptance testing (UAT) to validate business rules and software functionalities, resolving discrepancies in rate configurators.
- Monitored project progress, communicated updates, and managed stakeholder expectations effectively.
Assistant Underwriter
Royal Sundaram General Insurance Company Ltd
Hyderabad
11.2020 - 02.2023
- Implementation and monitoring of various underwriting guidelines related to Commercial products, including Property & Casualty Insurance, Marine, Liability, Group Medical, and Accident.
- Risk analysis, Risk acceptance, Risk selection, Policy coverage (Policy wording, Add-on covers, Exclusions/Inclusions).
- Renewal business, within the purview of set Underwriting Guideline to achieve the desired business outcomes.
- Work in close coordination with the sales team on the available profitable business opportunities falling within the underwriting guidelines of the company.
- Review the risk based on the market intelligence and based on the risk inspection reports.
- Interacting with internal stakeholders (Operations, Marketing, Finance, Claims) to meet the smooth proceedings of the business requirements at various stages.
- Reviewing proposals and providing inputs in terms of local market dynamics, nature of business, quality of risk, and recommendations.
- Develop the key relationship with major clients and intermediaries, along with the marketing team, to develop long-term sustainable business growth.
Senior Executive Underwriter
Future Generali India Insurance Company Ltd
Hyderabad
10.2018 - 10.2020
- Underwriting general insurance business, including Property & Engineering, Liability, and Marine.
- Coordinate with the sales team, brokers, and Agency for acquiring new profitable line businesses.
- Maintaining TAT and compliance as per UW authority matrix.
- Analyzing the risk and identifying businesses that are selected from the non-preferred category and seeking necessary approvals from seniors/HO for the same.
Process Lead Underwriter
Cholamandalam MS General Insurance Company Ltd
Hyderabad
10.2015 - 10.2018
- Underwriting all lines of general insurance business including Property & Engineering, Health, Liability, Marine and Motor.
- Worked with SME sales, Bancassurance and Agency channel.
- Negotiation with intermediaries, clients and sale team to arrive at conclusion in insurance coverages and pricing.
- Report daily activity to the reporting authority and give inputs for month business.
Education
Post Graduation Diploma - Taxation And Insurance Law
Osmania University
Hyderabad12-2016
Fellowship - Insurance
Insurance Institute of India
India04-2016
MBA - Insurance
Pondicherry University
Puducherry, India06-2015
Skills
- Commercial Lines and P & C Underwriting
- Process Improvement & Automation
- Project Management
- User Acceptance Testing (UAT)
- Data Analysis & Reporting
Timeline
Product Analyst
Jarus Technologies India Pvt Ltd
02.2023 - Current
Assistant Underwriter
Royal Sundaram General Insurance Company Ltd
11.2020 - 02.2023
Senior Executive Underwriter
Future Generali India Insurance Company Ltd
10.2018 - 10.2020
Process Lead Underwriter
Cholamandalam MS General Insurance Company Ltd
10.2015 - 10.2018
Post Graduation Diploma - Taxation And Insurance Law
Osmania University
Fellowship - Insurance
Insurance Institute of India
MBA - Insurance
Pondicherry University
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