Head – Commercial / Corporate Underwriter | General Insurance

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! ✨