Area Underwriting Manager- Commercial

3 weeks ago

Mumbai, India Sbi General Insurance Full time

Job Description

Role & Responsibilities

Underwriting Strategy

- Liaison with regional Underwriter to devise circle-level underwriting strategy to maintain defined loss ratio targets for allocated commercial lines LOB.
- Interact with other stakeholders at circle level, specifically the sales team, to understand the objectives set by them at the area level.
- Analyze past trends and market dynamics to provide strategic inputs regarding product mix, industry, and geography, offering necessary insights to the regional underwriting manager.
- Ensure achievement of targeted loss ratio and planned business outcomes; take timely corrective and pricing measures to create, enhance, and maintain sustainable profitability objectives.
- Conduct portfolio analysis on a quarterly basis to update all stakeholders about outcomes and corrective actions. Regularly monitor Branch/Channel level GWP, profitability, and LOB mix, taking corrective steps if needed.

Business Review

- Underwrite and approve quotes based on authority, adhering to risk selection criteria and adequate pricing to achieve GWP targets and prevent claims leakage.
- Monitor team performance to track achievements and identify anomalies, ensuring adherence to regulatory and internal underwriting guidelines.
- Ensure team adherence to the defined portfolio strategy to achieve business goals.
- Coordinate with Sales, Intermediaries, and Clients to evaluate risk exposure and viability with suitable terms and pricing.
- Review claims reports and business data regularly to track achievement of topline and bottomline targets.

Stakeholder Management

- Meet intermediaries (Agents, Brokers, Banks) to understand business potential, communicate the company's underwriting philosophy, and educate them about targeted opportunities based on products.
- Periodically interact with intermediaries to discuss performance and suggest improvement strategies.
- Follow up with customers to evaluate their insurance programs and suggest improvements in product coverage and exclusions, ensuring high customer satisfaction through transparency.
- Guide intermediaries on potential business proposals and improving loss ratios (LR%).
- Interact periodically with the sales team to understand and resolve issues.
- Collaborate with claims and operations teams to exchange feedback and suggestions.

Preferred Knowledge

- Insurance qualification equivalent to AIII and/or above.
- Intimate knowledge of the operational environment at Branch, Region, and HO levels.
- Strong communication and organizational skills.
- Previous supervisory and management experience.
- Knowledge of local industry developments and trends.

  • Commercial Underwriting Manager

    7 days ago

    Mumbai, Mumbai Suburban, Thane, India SBI General Insurance Full time ₹ 15,00,000 - ₹ 25,00,000 per year

    Role & responsibilitiesEvaluate commercial insurance proposals across sectors (property, liability, engineering, marine, etc.)Analyse risk exposures and determine appropriate coverage terms, limits, and pricingDevelop customized underwriting solutions for complex commercial clients.Monitor performance of commercial lines portfolio to ensure...

  • Assistant Manager Commercial Underwriting

    1 week ago

    Bancassurance Mumbai, India Bajaj Allianz Life Insurance Full time ₹ 15,00,000 - ₹ 25,00,000 per year

    Assistant Manager Commercial Underwriting Description Risk Assessment and UW Implementation and monitoring of various underwriting guidelines related to Commercial products. Main accountability includes Risk analysis, Risk acceptance, Risk selection, Policy coverage (Policy wording, Add-on covers, Exclusions / Inclusions etc.), Renewal business,...

  • Commercial Underwriter

    1 week ago

    Andheri West, Mumbai, Maharashtra, India Investacc Insurance Brokers Pvt Ltd Full time

    Job Summary: As an Insurance Underwriter at Investacc Insurance Brokers Pvt. Ltd., your role is to assess and analyze insurance risks focused on General Insurance Products like Property, Fire, Engineering, Marine, Workers Compensation etc. You will work closely with our clients and insurance carriers to provide tailored insurance solutions that meet the...

  • Commercial Underwriter

    1 week ago

    Andheri West, Mumbai, Maharashtra, India Investacc Insurance Brokers Pvt Ltd Full time

    Job Summary: As an Insurance Underwriter at Investacc Insurance Brokers Pvt. Ltd., your role is to assess and analyze insurance risks focused on General Insurance Products like Property, Fire, Engineering, Marine, Workers Compensation etc. You will work closely with our clients and insurance carriers to provide tailored insurance solutions that meet the...

  • Commercial Underwriter

    2 weeks ago

    Mumbai, Mumbai Suburban, Navi Mumbai, India Reliance General Insurance (RGI) Full time ₹ 2,50,000 - ₹ 7,50,000 per year

    Role & responsibilitiesUnderstanding of Property (SFSP, IAR, Large risk), Engineering (Project & Annual), Marine & Misc line of business.Risk analysis, Risk acceptance, Risk selection, Policy coverage (Policy wording, Add-on covers, Exclusions / Inclusions Special warranties, Pricing & Deductibles, Reinsurance adherence, Risk management overview, claims...

  • Underwriter - Commercial Real Estate - Assistant Vice President

    1 week ago

    Mumbai, India Citi Full time

    The Underwriter is a seasoned professional role. Applies in-depth disciplinary knowledge, contributing to the development of new techniques and the improvement of processes and work-flow for the area or function. Integrates subject matter and industry expertise within a defined area. Requires in-depth understanding of how areas collectively integrate within...

  • Underwriter - Commercial Real Estate - Assistant Vice President

    3 weeks ago

    Mumbai, Maharashtra, India Citigroup Full time

    The Underwriter is a seasoned professional role Applies in-depth disciplinary knowledge contributing to the development of new techniques and the improvement of processes and work-flow for the area or function Integrates subject matter and industry expertise within a defined area Requires in-depth understanding of how areas collectively integrate within...

  • Product Manager-Commercial Lines Underwriting

    2 weeks ago

    Mumbai, Maharashtra, India Liberty General Insurance Full time ₹ 9,00,000 - ₹ 12,00,000 per year

    Job Description DescriptionSupporting our long-standing goal to grow with profitability, we are looking for a dynamic, technical, marine underwriter at Liberty GIL Mumbai. As a Marine Cargo underwriter, the selected candidate will work closely with our regional underwriting teams and Sales/ Distribution team to achieve the common goal of Growth with...

  • Underwriter - Commercial Real Estate - Assistant Vice President

    2 days ago

    Mumbai, Maharashtra, India Citi Full time ₹ 12,00,000 - ₹ 36,00,000 per year

    The Underwriter is a seasoned professional role. Applies in-depth disciplinary knowledge, contributing to the development of new techniques and the improvement of processes and work-flow for the area or function. Integrates subject matter and industry expertise within a defined area. Requires in-depth understanding of how areas collectively integrate within...

  • Underwriter - Commercial Real Estate - Assistant Vice President

    3 hours ago

    Mumbai, Maharashtra, India Citi Full time ₹ 12,00,000 - ₹ 36,00,000 per year

    The Underwriter is a seasoned professional role. Applies in-depth disciplinary knowledge, contributing to the development of new techniques and the improvement of processes and work-flow for the area or function. Integrates subject matter and industry expertise within a defined area. Requires in-depth understanding of how areas collectively integrate within...