1,044 Insurance Underwriter jobs in India

• Evaluate and underwrite complex insurance applications across various lines of business.
• Assess risks, determine appropriate coverage, and set premium rates to ensure profitability.
• Develop and maintain strong relationships with brokers, agents, and clients.
• Interpret policy wordings and ensure compliance with regulatory requirements and company guidelines.
• Analyze market trends and competitor activities to inform underwriting strategies.
• Provide guidance and training to junior underwriters and underwriting support staff.
• Collaborate with claims and actuarial departments to manage risk effectively.
• Utilize underwriting tools and systems to process applications efficiently.
• Participate in product development and review processes.
• Prepare reports on underwriting performance and portfolio analysis.

• Bachelor's degree in Finance, Business Administration, Risk Management, or a related field.
• Minimum of 5 years of experience in insurance underwriting, with a proven track record.
• In-depth knowledge of insurance products, underwriting principles, and risk assessment techniques.
• Strong analytical and decision-making skills.
• Excellent negotiation and communication abilities.
• Proficiency in using underwriting software and relevant IT systems.
• Understanding of regulatory frameworks within the insurance industry.
• Ability to manage a portfolio of complex risks effectively.
• Professional designations such as ACII or equivalent are highly desirable.

• Evaluate complex insurance applications, assessing risks and determining eligibility for coverage.
• Analyze financial statements, medical records, and other relevant documentation to determine risk exposure.
• Develop and apply underwriting guidelines and policies to ensure consistent and accurate risk assessment.
• Set appropriate premium rates and coverage limits based on risk assessment.
• Communicate effectively with agents, brokers, and policyholders to gather necessary information and explain underwriting decisions.
• Collaborate with claims, actuarial, and legal departments to manage risk effectively.
• Stay updated on industry trends, regulatory changes, and emerging risks affecting the insurance market.
• Mentor and train junior underwriters, providing guidance and expertise.
• Identify opportunities for process improvements in the underwriting workflow.
• Review and recommend adjustments to underwriting policies and procedures.
• Manage a portfolio of complex accounts and ensure profitability.
• Prepare reports on underwriting performance and market analysis.

• Bachelor's degree in Finance, Economics, Business Administration, or a related field. Relevant insurance certifications (e.g., FLMI, CPCU) are highly desirable.
• Minimum of 5-7 years of progressive experience in insurance underwriting, with a focus on (mention specific lines of insurance, e.g., Life, Health, Property & Casualty).
• In-depth knowledge of insurance products, underwriting principles, and risk management techniques.
• Strong analytical, critical thinking, and problem-solving skills.
• Excellent decision-making abilities with a keen eye for detail.
• Proficiency in underwriting software and relevant industry databases.
• Strong communication, negotiation, and interpersonal skills.
• Ability to interpret complex financial and medical data.
• Experience in managing difficult or complex cases.
• Commitment to ethical conduct and professional integrity.
• Proven ability to work independently and as part of a team.

• Evaluate insurance applications and assess the level of risk associated with each applicant.
• Determine appropriate policy terms, conditions, and pricing based on risk assessment.
• Develop and maintain strong relationships with brokers and agents.
• Analyze market trends and competitor activities to inform underwriting strategies.
• Ensure compliance with regulatory requirements and company policies.
• Review and adjudicate claims to ensure they align with policy terms.
• Contribute to the development and refinement of underwriting guidelines and procedures.
• Mentor and train junior underwriters, providing guidance on best practices.
• Collaborate with actuarial and claims departments to manage portfolio performance.
• Identify opportunities for process improvement within the underwriting function.

• Bachelor's degree in Finance, Economics, Business Administration, or a related field. Relevant professional certifications (e.g., CPCU, AU) are highly desirable.
• Minimum of 5 years of experience in insurance underwriting, with a proven track record in risk assessment.
• In-depth knowledge of insurance products, markets, and regulatory frameworks.
• Strong analytical, quantitative, and problem-solving skills.
• Excellent communication, negotiation, and interpersonal skills.
• Proficiency in underwriting software and data analysis tools.
• Ability to make sound decisions under pressure and manage a diverse workload.
• High level of integrity and attention to detail.
• Experience working in a remote or hybrid environment is a plus.
• Demonstrated ability to lead initiatives and mentor team members.

• Review and analyze insurance applications, financial statements, and other relevant documentation to assess risk exposure.
• Determine the acceptability of risks and establish appropriate terms, conditions, and pricing for insurance policies.
• Develop and maintain a thorough understanding of specific insurance products, market trends, and regulatory environments.
• Collaborate with agents and brokers to gather necessary information and provide guidance on underwriting guidelines.
• Ensure compliance with all company underwriting policies, procedures, and regulatory requirements.
• Monitor the performance of assigned book of business and identify opportunities for improvement.
• Assist in the development and refinement of underwriting guidelines and procedures.
• Provide training and mentorship to junior underwriters.
• Conduct site visits or inspections when necessary for risk assessment.
• Manage a portfolio of complex accounts, requiring specialized underwriting expertise.
• Participate in industry conferences and professional development activities.

• Bachelor's degree in Finance, Economics, Business Administration, or a related field.
• Minimum of 6 years of experience in insurance underwriting, with a strong focus on risk assessment.
• Demonstrated expertise in analyzing financial data and assessing complex risks.
• In-depth knowledge of various insurance lines (e.g., Property, Casualty, Life, Health).
• Familiarity with insurance regulatory frameworks and compliance standards.
• Excellent analytical, decision-making, and problem-solving skills.
• Strong communication, negotiation, and interpersonal abilities.
• Ability to work effectively both independently and collaboratively in a hybrid work environment.
• Professional designations such as CPCU, AU, or equivalent are highly desirable.

Job Role:

∙Sourcing of quotes for Non Health Products – Fire, Marine, Engineering & Miscellaneous

lines.

Draw up quotes for competitive insurance premiums

Negotiate and define the specific terms of insurance policies with insurance companies

Preparation of Quote comparative reports.

Building relationships with Public sector offices by visiting them regularly.

Liaise with specialists in Insurance companies to gather information and opinions

Assisting sales team in client interactions for large proposals.

Analysis loss exposures and determine underwriting alternatives

Keep detailed records of policies underwritten and decisions made

Skill & other Requirements:

Education – Graduate/Post graduate in any stream

Additional qualifications in Insurance stream would be preferable

Sound product knowledge across all products – Fire, Marine, Engineering

Ability to work independently and comfortable in engaging with CXOs of corporates

Self-driven, enthusiastic person with hunger to make it big.

• Evaluate insurance applications to assess risk and determine insurability.
• Analyze financial statements, credit reports, and other relevant data to evaluate risk exposure.
• Determine appropriate coverage terms, conditions, and premium rates.
• Ensure compliance with company underwriting guidelines and regulatory requirements.
• Communicate decisions and rationale clearly to insurance agents and brokers.
• Maintain accurate records of underwriting decisions and policy details.
• Stay updated on industry trends, market conditions, and new products.
• Collaborate with claims and actuarial departments to refine underwriting policies.
• Identify and report on potential fraud indicators.
• Contribute to the development and implementation of new underwriting strategies.
• Manage a portfolio of accounts and ensure timely processing of applications.
• Provide training and support to junior underwriting staff as needed.

• Bachelor's degree in Finance, Economics, Business Administration, or a related field. Professional certifications (e.g., CPCU, AAI) are a strong plus.
• Proven experience (3+ years) as an Insurance Underwriter or in a related risk assessment role.
• Strong understanding of insurance principles, underwriting practices, and risk management.
• Excellent analytical, critical thinking, and decision-making skills.
• Proficiency in underwriting software and MS Office Suite, particularly Excel.
• Strong communication (written and verbal) and interpersonal skills.
• Ability to manage multiple priorities and meet deadlines effectively.
• High level of integrity and attention to detail.
• Adaptability and willingness to learn new insurance products and markets.
• Experience in the insurance sector within Ghaziabad, Uttar Pradesh, IN or surrounding regions is beneficial.

• Evaluate insurance applications and assess risk exposure.
• Determine policy eligibility, coverage limits, and premium rates.
• Analyze financial statements, medical records, and other pertinent information.
• Maintain compliance with company underwriting guidelines and regulatory requirements.
• Communicate underwriting decisions and rationale to agents and brokers.
• Collaborate with claims departments to assess risk during the claims process.
• Develop and implement underwriting strategies to support business growth.
• Identify and report potentially fraudulent applications.
• Stay updated on industry trends and market conditions.
• Work effectively in a hybrid environment, balancing remote and in-office responsibilities.