Job Title : Motor Underwriter
Location : Mumbai - Andheri
Department : Underwriting
Job Summary :
The Motor Insurance Underwriter Manager will oversee the motor insurance underwriting process, ensuring the evaluation of risks is consistent with company policies and regulatory standards. This role involves managing a team, developing underwriting strategies, products and ensuring profitable growth of the motor insurance portfolio.
Key Responsibilities :
Underwriting Management :
- Review and assess motor insurance applications, ensuring adherence to risk appetite and guidelines.
- Approve or decline policies, ensuring underwriting decisions are both financially sound and customer-centric.
Risk Assessment :
Analyze and evaluate motor risks based on various factors (vehicle type, driver history, etc.).Develop and refine underwriting guidelines, policies, and tools.Ensure compliance with internal underwriting standards and local regulations.Portfolio Management :
Monitor and evaluate the performance of the motor insurance portfolio.Identify trends, recommend adjustments to pricing, and manage risk exposure to ensure profitability.Work closely with actuaries, product managers, and the claims department to improve underwriting outcomes.Team Leadership :
Mentor, coach, and train junior underwriters to ensure the development of technical skills and decision-making capabilities.Business Development Support :
Work collaboratively with sales, distribution, and marketing teams to support the development of motor insurance products.Provide input on market trends and competitor activities to develop competitive underwriting strategies.Process Optimization :
Drive process improvements in underwriting workflows, automation, and customer service response times.Implement best practices to enhance operational efficiency.Required A Master's degree is a plus. Business, Insurance, Finance, or a related field.
Professional certifications in insurance are highly Minimum 4 years of underwriting experience in motor insurance, with at least 3 years in a management or leadership role.Strong knowledge of motor insurance products, underwriting guidelines, and risk management principles.Skills :
Strong analytical and decision-making skills.Excellent communication and interpersonal skills.Proficiency in underwriting software and Microsoft Office tools likes excel, PPT.Ability to work under pressure and meet tight deadlines.Knowledge of regulatory frameworks and compliance standards in motor insurance.Personal Attributes :
Detail-oriented with a high level of accuracy.Strategic thinker with the ability to anticipate future trends.Collaborative and able to work cross-functionally with other departments.(ref : iimjobs.com)