Senior Manager | Marine Insurance Underwriting

Role & responsibilities

• Assess risk submissions and determine appropriate coverage terms, policy conditions, deductibles, warranties and pricing in line with underwriting guidelines and profitability objectives.
• Evaluate cargo exposures based on commodity type, transit routes, packaging standards, mode of conveyance, storage locations and risk management practice
• Handle large corporate, multinational and complex marine insurance accounts, including customized and structured insurance solutions.
• Drive profitable portfolio growth through effective underwriting, renewal retention and acquisition of quality new business.
• Negotiate terms, pricing and coverage conditions with brokers, clients and internal stakeholders to secure sustainable and profitable business opportunities.
• Collaborate with Risk Engineering, Marine Loss Control and Claims teams to review risk improvement recommendations, survey findings and claims experience.
• Provide technical underwriting guidance and support to Sales Teams, Relationship Managers, Brokers and Clients.
• Build and maintain strong relationships with insurance brokers, corporate clients, multinational organizations, surveyors and other key industry stakeholders.
• Monitor market trends, competitor offerings, industry developments and emerging risks to support underwriting strategy and portfolio management.
• Ensure compliance with underwriting guidelines, regulatory requirements, reinsurance parameters and internal governance standards.
• Support business planning, portfolio reviews, product enhancement initiatives and underwriting process improvements.

Preferred candidate profile

• 5-6 years of experience in Marine Insurance Underwriting is mandatory
• Strong expertise in Marine Cargo Insurance
• Sound knowledge of Institute Cargo Clauses (ICC), ITC Clauses, marine policy wordings, Incoterms and international trade practices.
• Experience in handling large corporate and multinational insurance programs.
• Exposure to facultative reinsurance placements and portfolio management.
• Strong analytical, negotiation, relationship management and communication skills.
• Ability to independently manage large and complex accounts while maintaining portfolio profitability.