Underwriter - Commercial Lines & Claims | Fresher

Job Title: Insurance Underwriter (Commercial Lines)

Department: Underwriting / General Insurance

Reporting To: Head Underwriting / Senior Underwriter

Location: Kothrud

Job Purpose :

To evaluate, assess, and underwrite insurance proposals within the assigned line of business ( Commercial Lines ), 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 15 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

Compensation: 25,[hidden],000.00 per month

Benefits:

Cell phone reimbursementFlexible scheduleProvident FundWork Location: In person .