Underwriting Analyst

Role & responsibilities

• The purpose of this role is to measure the customers risk exposures, analyze historical data and

assist in determining the premium that needs to be charged to ensure that risk.

• The individual will play an essential role in implementation of these projects from the prospect of

our insurance domain.

• Major responsibilities include analyzing customer data set and aggregating the risks of different

lines of business (such as General Liability & Automobile Liability) with the help of prescribed tools

and techniques.

• Assessing the risks, and further segregating the various types of exposures amongst key factors

such as state, territories, vehicle type, weight, radius, etc.

• Accurately checking data discrepancies, and proactively highlighting them to the underwriters.
• Summarizing the key findings, assumptions, and factors to keep in mind which would help

Underwriters make accurate pricing decisions.

• Working with risk assessment information and identifying data sources that can be used for making

accurate pricing decisions.

• Knowing relevant legal, regulatory, ethical, and social requirements with client’s mandates and

adhering to them while processing various accounts.

• Contributing to the organizational values by actively engaging in the larger learning and

development process.

• Driving concise, structured, and effective communication with peers and clients.

Preferred candidate profile

• Fundamental understanding of insurance, its key terminologies, and the insurance value chain as a

whole

• Awareness of the different kinds of insurance products within various lines of business (commercial

and personal lines)

• Awareness of basic underwriting criteria for a product or line of business.
• Cognizant of how premium calculations work.
• Valuable insights on policy extensions, limitations, and exclusions for business being underwritten.
• Recognizes various concepts, jargons, products employed in underwriting and the insurance

industry.

Skills

• Proficient with MS Office.
• Work with client’s system for Underwriting.
• Strong analytical skills to analyze given data using prescribed tools and techniques.
• Good logic building skills to draw logical and accurate insights.
• Professional writing and communication skills with the ability to formulate structured and concise

emails, presentations, and documents.

• Competent to work in an active and diverse environment by being mindful of the cultural and

regional differences with peers and clients.

• Embodies an exceptional problem-solving aptitude.