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Head – Commercial / Corporate Underwriter | General Insurance

Head – Commercial / Corporate Underwriter | General Insurance

PolicyPeRepublic Of India, IN
7 days ago
Job description

🌟 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 :

  • hr@policype.com

    • ✨ Join us and play a key role in shaping a profitable and sustainable commercial underwriting portfolio! ✨

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    Underwriter Insurance • Republic Of India, IN