Vice President – Underwriting

Job Title: Vice President Underwriting

Department: Underwriting & Risk Management

Location: Mumbai, India

Reports To: Chief Risk Officer / Senior Management

Industry- Life Insurance mandatory

Job Purpose:

To lead and enhance the underwriting function at SBI Life Insurance through strategic planning, guideline development, risk evaluation, and cross-functional collaboration, ensuring robust risk controls, innovation, and alignment with global best practices.

Key Responsibilities:

• Underwriting Strategy & Governance

• Lead the development and review of underwriting guidelines for life and health products.
• Ensure robust risk assessment methodologies and alignment with reinsurance best practices.

• Research & Product Support

• Guide evidence-based underwriting approaches through in-depth medical and risk research.
• Support new product development and launches through expert risk assessment.

• Risk Management

• Drive initiatives to monitor risk experience and identify risk trends across portfolios.
• Collaborate with actuaries, claims, and product teams to mitigate underwriting risks.

• Leadership & Team Management

• Manage and mentor underwriting teams to enhance capabilities and foster a learning culture.
• Define and monitor performance goals and developmental plans for the team.

• Stakeholder & Relationship Management

• Engage with reinsurers, medical experts, and industry bodies to ensure knowledge sharing and compliance.
• Represent the organization in forums and contribute to industry-wide underwriting research.

• Innovation & Digitization

• Drive automation and digitization in underwriting processes.
• Lead transformation projects to enhance underwriting efficiency and accuracy.

• Training & Development

• Conduct training sessions on complex underwriting topics for internal teams and partner networks.
• Contribute to internal knowledge platforms through thought leadership and publications.

Key Requirements:

• Education

  : Bachelors degree (preferably in Pharmacy or Life Sciences); FLMI, FALU certification preferred.

• Experience

  : Minimum 15+ years in life insurance and reinsurance underwriting, with a track record of leadership.

• Skills

  :
• Underwriting expertise (Life, Health, Critical Illness, Group Products)
• Reinsurance liaison
• Risk evaluation and strategic planning
• Team leadership and cross-functional collaboration
• Digital transformation and underwriting automation
• Thought leadership and training