AVP - Marine Underwriter

2 weeks ago

Mumbai Metropolitan Region, India RightMatch HR Services Private Limited Full time ₹ 12,00,000 - ₹ 36,00,000 per year

The role is with one of the leading General Insurance Company.

About the Role

The incumbent would lead a category of cargo segment from an underwriting perspective, would be responsible for ensuring topline in the form of business growth & market share and bottom line in the form of loss ratio.

Responsibilities

  • Managing all complex underwriting quotes and/or proposals of that specific cargo segment.
  • Handling reinsurance aspects of that segment.
  • Create underwriting guidelines and information sheets for various cargo forms part of that segment.
  • Innovation in the underwriting approach to structure policy design to suit the exact requirements of insureds and/or intermediaries.
  • Identifying niche pockets within the segment for potential and sustainable business growth.
  • Monitoring claims and loss reserves of the segment and working in synergy with the claims team to optimise loss reserves of that segment.
  • Seamless working with the marine risk management team for controlling and managing losses for further improvement of the bottom line.
  • To lead interactions with internal stakeholders and partners for speedy resolutions of identified issues.
  • Preparation of MIS reports for management review, highlighting concern areas and monitoring product management to ensure profitability.
  • The incumbent would also specifically handle:
  • Any projects, at the product level or function level or at organisational level.
  • Create working cohesiveness with the regional team for the growth of the allocated segment.
  • Create a risk register of various cargoes forming part of that segment.

Qualifications

  • Expert knowledge of marine cargo as a product.
  • Assertiveness in the execution of various projects.

Required Skills

  • Total of 12+ years of Industry experience.
  • Core 7+ years of work experience in marine cargo underwriting.

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