Head – Commercial

2 days ago

Mumbai, Maharashtra, India 3640a0aa-4e97-4d4c-8e99-6dd68be452bc Full time ₹ 18,00,000 - ₹ 21,60,000 per year

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 LPA

About the Role

We'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 Responsibilities

1. 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 segment


Interested 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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