Head – Commercial

14 hours ago


Mumbai, India PolicyPe Full time

🌟 We’re Hiring: Head – Commercial / Corporate Underwriter | General Insurance 🌟📍 Location: Mumbai 🏢 Department: Underwriting – General Insurance 🧑‍💼 Reports To: CTO 💼 Experience Required: Minimum 5–7 years 💰 CTC: ₹15–18 LPAAbout the RoleWe’re looking for a dynamic and experienced Head – Commercial / Corporate Underwriter to lead our underwriting function for commercial and corporate insurance portfolios. The ideal candidate will possess deep expertise in risk assessment, portfolio management, and client engagement — ensuring profitable growth while maintaining regulatory and compliance standards.Key Responsibilities1. Risk Assessment & UnderwritingEvaluate and underwrite risks across Fire, Engineering, Marine, Liability, and Miscellaneous lines.Analyze proposals, inspection reports, and client profiles to assess risk acceptability.Determine terms, conditions, and pricing aligned with underwriting guidelines and reinsurance treaties.Ensure full compliance with regulatory, underwriting, and reinsurance norms.2. Portfolio ManagementMaintain a balanced, profitable underwriting portfolio.Monitor loss ratios and claims trends; initiate corrective actions where needed.Revise and improve underwriting guidelines in response to market dynamics.3. Relationship ManagementCollaborate with intermediaries (brokers, agents, corporate partners) to provide technical underwriting support.Support business teams with customized corporate insurance programs.Participate in client meetings, risk presentations, and renewal discussions.4. Compliance & DocumentationEnsure accurate policy issuance and documentation.Maintain adherence to IRDAI regulations and audit requirements.Participate in risk audit reviews and ensure timely closure of observations.5. Cross-functional CollaborationWork closely with Claims, Reinsurance, Actuarial, and Sales teams for seamless business operations.Mentor and guide junior underwriters and branch teams.Required Skills & CompetenciesStrong analytical and risk assessment abilities.Deep knowledge of commercial/general insurance products.Understanding of reinsurance arrangements.Excellent communication, negotiation, and decision-making skills.Proficient in MS Office and underwriting software/tools.Educational QualificationsGraduate/Postgraduate in any discipline.Preferred: Insurance certifications such as Licentiate/Associate/Fellow (III) or equivalent.Key Performance Indicators (KPIs)Portfolio profitability (Loss Ratio, Combined Ratio)Turnaround time for proposal underwritingAccuracy and compliance in underwriting documentationRetention and renewal rates in the commercial segment📧 Interested candidates can share their CVs at:hr@policype.com✨ Join us and play a key role in shaping a profitable and sustainable commercial underwriting portfolio ✨


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