Placement Broker
Job Description
The Role
Placement Broker
As a senior member of the Placement team, you will be responsible for delivering strategic insurance and risk management solutions to a diverse portfolio of clients. Acting as a trusted technical advisor, you will leverage your market expertise, analytical capabilities, and negotiation skills to secure optimal insurance outcomes while ensuring the highest standards of client service.
You will:
• Participate in new business sales and in Request for Proposals (RFP’s).
• Ensure exceptional service delivery aligned with corporate standards and client expectations.
• Be the strategic technical advisor to clients and internal stakeholders.
• Contribute to the retention of the WTW client base by challenging the status quo and providing superior placement solutions.
• Participate in internal strategy and pre-renewal meetings to strategize on the renewal of the insurance portfolio.
• Analyze client risk profile, conduct a needs analysis, review the claims data, review uninsured risks and recommend tailored insurance solutions.
• Identify & select appropriate insurance Carriers based on a thorough understanding of local market cycles, appetite & capacity.
• Prepare and ensure accuracy of quote slips.
• Negotiate terms with insurers so that WTW have the very best terms, cover and structure for the client.
• Analyze and compare market quotes.
• Prepare renewal terms presentation with options taking care to note any conditions or subjectivities. Where required present renewal terms to the client and be able to explain and talk through the options and provide client with your recommendation.
• Bind cover with the markets once client firm order is received.
• Collect / issue policy documentation and submit to clients within 30 days of inception / renewal.
Assist with finance matters including premium and fee invoicing, tracking of premium payments and attending to premium related market enquiries.
• Contribute to process improvements and effective utilization of IT systems.
• Monitor claims and assist claims handler with contentious or repudiated claims.
• Mentor and train junior staff.
• Ensure compliance with WTW standards & procedures and external compliance regulations.
• Must practice WTW Values i.e., Integrity, Respect, Excellence and Teamwork.
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Where we are
We have colleagues all around the world, working remotely or in our offices. Together, we make a difference for clients in over 140 countries and markets, from the Middle East to Latin America, from Manila to New York.
