Senior underwriter- Commercial Lines | Pune

Job Title: Head Insurance Underwriter (Commercial Lines )

Accurate Risk Managers & Insurance Brokers

Department: Underwriting / General Insurance

Reporting To: – Director

Location: Kothrud

Job Purpose :

To evaluate, assess, and underwrite insurance proposals within the assigned line of business ( Commercial Lines – Fire , Marine , Engineering , Liability , Financial lines & Motor ), ensuring profitability, compliance with underwriting guidelines, and support to sales and servicing teams.

*Key Responsibilities :-

• Analyse insurance proposals and assess risk based on underwriting guidelines.

• Prepare underwriting reports, quotations, and technical evaluations.

• Liaise with insurance companies for quotations, negotiations, and policy terms.

• Support the sales team with technical inputs for new business and renewals.

• Manage renewals including pricing, negotiations, and timely closures.

• Coordinate with internal teams and insurers for policy issuance and endorsements.

• Maintain proper documentation and underwriting records.

• Ensure compliance with IRDAI regulations and company policies.

* Commercial Lines :-

❖ Underwrite policies such as Fire, Marine, Liability, Engineering, etc

.❖ Assess risk based on property, business operations, and exposure

❖ Review technical documents (valuation reports, risk inspections, etc.)

❖ Support risk improvement and loss prevention recommendations

*Key Skills & Competencies :-

• Understanding of the assigned insurance line ( Commercial Line)

• Analytical and risk assessment skills

• Negotiation and communication skills

• MS Excel proficiency

• Attention to detail and time management

*Qualification & Experience :-

• Graduate / Postgraduate in Insurance, Finance, or related field

• 1–5 years of experience in underwriting

• Knowledge of IRDAI regulations

• Insurance certifications (Licentiate / Associate – III / IIB) preferred

• Freshers can be considered for trainee roles

*KPIs :-

1. Accuracy of underwriting and quotations

2. Turnaround time

3. Renewal retention

4. Client and insurer satisfaction