Commercial Lines Underwriter, Pune

About the Role

• Evaluate, assess, and underwrite insurance proposals within the assigned line of business (Commercial Lines).
• Ensure profitability, compliance with underwriting guidelines, and support to sales and servicing teams.

Key Responsibilities

• Analyse insurance proposals and assess risk based on underwriting guidelines.
• Prepare underwriting reports, quotations, and technical evaluations.
• Liaise with insurance companies for quotations, negotiations, and policy terms.
• Support the sales team with technical inputs for new business and renewals.
• Manage renewals including pricing, negotiations, and timely closures.
• Coordinate with internal teams and insurers for policy issuance and endorsements.
• Maintain proper documentation and underwriting records.
• Ensure compliance with IRDAI regulations and company policies.

Commercial Lines

• Underwrite policies such as Fire, Marine, Liability, Engineering, etc.
• Assess risk based on property, business operations, and exposure.
• Review technical documents (valuation reports, risk inspections, etc.).
• Support risk improvement and loss prevention recommendations.

Key Skills & Competencies

• Understanding of the assigned insurance line (Commercial Line).
• Analytical and risk assessment skills.
• Negotiation and communication skills.
• MS Excel proficiency.
• Attention to detail and time management.

Qualifications & Experience

• Graduate / Postgraduate in Insurance, Finance, or related field.
• 1–5 years of experience in underwriting.
• Knowledge of IRDAI regulations.
• Insurance certifications (Licentiate / Associate – III / IIB) preferred.
• Freshers can be considered for trainee roles.

KPIs

• Accuracy of underwriting and quotations.
• Turnaround time.
• Renewal retention.
• Client and insurer satisfaction.