Sumit Bante

Dynamic and detail-oriented Insurance Underwriter with over [6] years of experience in risk assessment, policy review, and client communication. Proven track record of enhancing policy accuracy and managing risk effectively. Passionate about leveraging analytical skills and industry expertise to contribute to the success and growth of Commpany
 

Underwriting Risk Analyst Allstate Solution Private Limited (ASPL), Pune, Maharashtra 10/2018 - Present

Assessed insurance applications and endorsements in order to make decisions based on underwriting guidelines.

Processed assigned policy requests daily within given timeframe.

Reviewed discrepancy reports with Onshore/Agencies broker, ensuring thorough follow-up until resolution was achieved.

Oversaw the daily tracking of Morning Report, while also preparing weekly reports for Referral and Workable.

Successfully maintained SLAs and streamlined queue management.

Kept track of errors and near misses, evaluated the root cause, and made necessary recommendations and amendments to current procedures or applications in anticipation of controlling operational risks involved throughout the process.

Senior Process Executive Cognizant Technology Solutions, Pune, Maharashtra 01/2015 - 09/2018

Verified the Good order requirements of the Death Certificate and authenticated information from trusted sites for cross verification.

Verified the good requirements of the Claimant Statement and requested necessary documents for claim processing.

Handled cases of Homicide request, contract owner died abroad, and issued death benefit payout checks to beneficiaries.

Processed the taxes of the beneficiaries while processing the Death Benefit payout.

Processed Claims for Transfers, 1035 exchange, or to the third party (NGOs, Churches, etc.).

Processed Cash Surrenders, Required Minimum Distribution, Partial Withdrawals, Spousal Continuance, or Non-Spousal Continuance.

Reviewed Daily Breakage Report & submitted it to onshore.

Skills

Risk assessment and analysis

Report preparation and presentation

Claims analysis and evaluation

Decision-making

Teamwork and collaboration

Bachelor of Commerce
Pune University
05/2009,