Head – Commercial

10 hours ago


Mumbai, India PolicyPe Full time

We’re Hiring: Head – Commercial / Corporate Underwriter | General InsuranceLocation: MumbaiDepartment: Underwriting – General InsuranceReports To: CTOExperience Required: Minimum 5–7 yearsCTC: ₹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 & Underwriting- Evaluate 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 Management- Maintain 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 Management- Collaborate 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 & Documentation- Ensure 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 Collaboration- Work closely with Claims, Reinsurance, Actuarial, and Sales teams for seamless business operations.- Mentor and guide junior underwriters and branch teams.Required Skills & Competencies- Strong 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 Qualifications- Graduate/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 underwriting- Accuracy and compliance in underwriting documentation- Retention and renewal rates in the commercial segmentInterested candidates can share their CVs at:- ✨ Join us and play a key role in shaping a profitable and sustainable commercial underwriting portfolio ✨


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