Nitin Varun

E-mail: nitin_varun@rediffmail.com B-57, Manas Apartments

Contact: +91 999 966 4340 Mayur Vihar Ph 1, New Delhi-91
https://in.linkedin.com/in/nitin-varun-37620023

OBJECTIVE

Experienced and highly motivated non-life insurance professional with over 4.5 years of core domain
experience & is exploring the transition into a business analyst role.

PROFESSIONAL PROFILE or SKILLS SUMMARY

Proven general insurance specialist with diversified functional experience in established operations leveraging expertise
in different lines of insurances viz. employee benefits, property & casualty and motor insurance. Effective
troubleshooting, problem solving & follow through qualifications with the ability to manage & prioritize a variety of
projects.

Key strengths in:

Proficient Communication Skills~ Policy Performance Analysis ~ Business Requirement Documentation ~ Trend
Projection Database Management ~ Problem Resolution ~ Claims Management ~ Risk Quantification

PROFESSIONAL EXPERIENCE

Regional Underwriter National Insurance Company Ltd., New Delhi August 2011 Present

v Presently working as a health insurance underwriter of a portfolio quantum of around 450 crores.
v Carried out major underwriting assignments of corporate groups to optimize market share utilizing
relationships with intermediaries/brokers.
v Implemented loss minimization processes & insurance awareness at operating offices, brokers, TPAs,
which has successfully curbed the claim ratio for last 3 financial years.
v Reduced the outstanding liability of the company by systematic review of the claim files.
v Identified major hospitals that seemed fraudulent and carried out investigations.
v Preparatory work on Policy underwriting, checking correctness of policy terms and conditions.
v Finalization of adequate/competitive premium quote for renewals & fresh insurance covers.
v Handling around 20 underwriting branches at the regional level & readily assisting them with procurement of
new premium & retention of existing premium.
v Assessment of Request for Quote (RFQ) / mandates, receiving effective quotes for insurance renewals,
negotiating competitive renewal premium rates with clients and brokers, preparing management notes &
getting management approvals.
v Monthly claim related compliances with Third Party Administrators.
v Filing of all insurance claims with all relevant data, claims documentation & concurrences on claims working &
settlements.
v Follow up with Third party administrators and other agencies related to insurance on claim
deficiencies/clarifications, submission of inspection.
v MIS/dashboard on insurance claims.
v Creation of PPTs on monthly, quarterly performances of insurance function for the management committee &
executive committee board meetings.
v Gather data and conduct evaluation to determine risk in order to scale rates and approve insurance coverage.
v Review insurance proposals to determine appropriate levels of insurance coverage.
v Evaluate customer suitability for insurance coverage while taking consideration of legal ramifications.
v Apply various underwriting techniques and standards to ensure accurate analysis.
v Supervised the HIPPA compliance at the regional level which resulted in the quickest turn-around time.
v Create documentation of policy terms including coverage, guidelines, rate charts, fees and claims process.
v Prepare reports to track underwriting submissions, decisions and recommendations.
 Education & Professional Development
Education:

B.Tech in Biotechnology: Amity University, Noida (2006-10) CGPA (7.24/10.0)

F.I.I. (Fellowship): Insurance Institute of India, Mumbai, Maharashtra (2015) Ist Division

Technical Skills: MS Access, Excel, Word, PowerPoint

Languages: Hindi, English & German