Underwriter

Job Description

Position Overview: We are seeking an experienced and detail-oriented Property Underwriter to join our dynamic underwriting team. The candidate will be responsible for evaluating and underwriting property insurance proposals, ensuring technical accuracy, risk selection, pricing adequacy, and compliance with internal and regulatory guidelines. Key Responsibilities: Assess and underwrite property insurance proposals including Fire, IAR, FLOP, and Mega policies. Evaluate risk exposures based on site inspection reports, risk inspection findings, and past claim history. Determine appropriate terms, conditions, and premium rates in line with underwriting guidelines. Coordinate with sales and broker teams to provide underwriting support and resolve queries. Maintain turnaround time (TAT) and service level agreements (SLA) for policy issuance and quote release. Stay updated with IRDAI regulations and market practices for property underwriting. Liaise with reinsurance, risk engineering, and claims teams for large risk underwriting and portfolio management. Support portfolio analysis, loss ratio tracking, and periodic audits. Desired Candidate Profile: Graduate/Postgraduate (Engineering or Science background preferred; MBA or Insurance certification like ACII, FIII is a plus). 3 to 6 years of relevant experience in property underwriting within general insurance. Sound knowledge of property insurance products, risk assessment, and pricing. Familiarity with risk inspection reports and fire safety norms. Strong analytical and decision-making skills. Excellent communication and stakeholder management abilities. Proficiency in MS Excel, Word, and policy administration systems.