Underwriting Head

Location:

Budget:

Experience:

Role Overview:

Head of Underwriting

Key Responsibilities:

Strategic Underwriting Leadership:

• Develop and

  lead the underwriting strategy

  , ensuring alignment with the company’s risk appetite and business goals.
• Oversee the end-to-end

  underwriting process

  , ensuring efficiency, accuracy, and compliance.
• Work closely with senior management to

  identify emerging risks

  and adapt underwriting policies accordingly.
• Collaborate with actuarial, claims, sales, and product teams to develop

  competitive and profitable insurance products

  .

Risk Assessment & Decision-Making:

• Review, assess, and approve

  complex and high-value insurance proposals, ensuring sound risk assessment and adherence to underwriting policies.
• Utilize

  data analytics and predictive modeling

  to improve underwriting accuracy and efficiency.
• Implement a

  tiered risk assessment approach

  to optimize underwriting time while maintaining rigorous risk controls.

Regulatory Compliance & Governance:

• Ensure

  strict compliance with IRDAI regulations

  , internal policies, and industry best practices.
• Regularly

  review underwriting policies and procedures

  to keep them updated with regulatory changes.
• Liaise with auditors, regulatory bodies, and risk teams to ensure

  smooth audits and compliance checks

  .

Team Development & Leadership:

• Manage, mentor, and upskill

  a team of underwriters to enhance their expertise and performance.
• Foster a culture of

  continuous learning and improvement

  , driving excellence in underwriting standards.
• Conduct

  regular training programs and knowledge-sharing sessions

  to keep the team updated with industry trends and regulatory changes.

Process Optimization & Automation:

• Leverage

  technology, automation, and AI-driven underwriting tools

  to improve efficiency and reduce manual errors.
• Identify areas for process enhancement and work with IT and digital transformation teams to implement

  underwriting automation solutions

  .
• Optimize turnaround times for underwriting decisions without compromising on risk assessment quality.

Stakeholder Collaboration:

• Work closely with

  sales and distribution teams

  to ensure a smooth underwriting experience for customers.
• Provide expert insights to

  product development teams

  to create innovative insurance solutions.
• Engage with

  reinsurers and external partners

  to ensure effective risk-sharing arrangements.

Key Requirements:

Experience:

Industry Knowledge:

Regulatory Expertise:

Leadership Skills:

Analytical Mindset:

Technology Adaptation:

ommunication Skills:

Preferred Qualifications:

Education:

Certifications:

Tech Proficiency: