About the role

Role Purpose

We are looking for experienced Commercial Underwriters with strong technical underwriting capabilities across Property & Engineering, Marine and/or Liability lines. The role will involve end-to-end underwriting of commercial risks, including risk assessment, quotation, pricing, terms & conditions and active involvement in the placement process.

The candidate will play an important role in building and scaling the commercial underwriting function of a new-age general insurance company from the ground up, with a strong focus on underwriting discipline, portfolio quality, profitability and technology-enabled underwriting.

Key Responsibilities

- Assess and underwrite commercial risks across Property, Engineering, Marine and Liability lines.

- Analyse risk information, exposure, values, occupancies, risk quality, loss history and other relevant underwriting parameters.

- Prepare technically sound quotations, terms, conditions, deductibles, warranties and endorsements in line with underwriting guidelines and authority.

- Actively participate in the quotation and placement process, working closely with brokers, IMDs and internal stakeholders.

- Interface with brokers/IMDs to understand risk requirements, negotiate terms and provide technically appropriate solutions.

- Identify key risk exposures and determine appropriate risk acceptance, pricing and referral/escalation requirements.

- Maintain strong underwriting discipline with a focus on risk selection, pricing adequacy and sustainable portfolio profitability.

- Contribute to development and refinement of underwriting guidelines, risk appetite, processes and referral frameworks.

- Support development and implementation of digital underwriting systems, workflows, rules and underwriting tools, working closely with product and technology teams.

- Contribute to building underwriting capabilities, processes and knowledge frameworks as the commercial insurance portfolio scales.

Candidate Profile

- 4-8 years of relevant experience in commercial/general insurance underwriting.

- Currently handling a commercial underwriting role with active involvement in quotation and placement.

- Strong technical underwriting experience in one or more of Property & Engineering, Marine and Liability.

- Good understanding of commercial insurance products, risk assessment, pricing and policy structuring.

- Experience interacting with brokers and/or IMDs preferred.

- Strong analytical, negotiation and communication skills.

- Ability to independently assess risks and arrive at technically sound underwriting decisions.

- Comfortable working in a build-from-scratch environment and developing underwriting processes as the business scales.

- Comfortable working with technology/product teams and contributing to underwriting system development and digitisation.

- Relevant insurance qualifications such as Fellowship of Insurance Institute of India, ACII/CII or equivalent will be preferred.