Underwriting Commercial Lines

The underwriter is responsible for evaluating and analyzing the risks involved in commercial insurance proposals—fire, engineering, marine, and liability. They ensure sound underwriting practices while working closely with insurers and clients to secure optimal coverage and terms.

Key Responsibilities:

• Evaluate and assess insurance proposals as per IRDA underwriting guidelines and documentation for commercial insurance proposals—fire, engineering, marine, and liability.
• Recommend suitable products, terms, and comparative premiums to the internal sales team/customers.
• Coordinate with insurers for quote procurement, premium negotiations, and policy issuance within TAT.
• Ensure accuracy in documentation like proposal forms, declarations, and endorsements.
• Coordinate with internal teams—sales, operations, and claims—for smooth service delivery.
• Maintain accurate underwriting records and reports.
• Maintaining claim documentation for fire, engineering, marine & liability.

Key Skills & Competencies:

• Sound knowledge of underwriting practices across commercial lines products (including fire , engineering, marine & liability).
• Excellent verbal & written communication skills.
• Excellent MS Office skills, including advanced Excel and PowerPoint presentations.
• Familiarity with IRDAI regulations and insurance systems.

Qualifications:

• Preferably, engineering or any graduate & insurance certifications like Licentiate/Associate from III will be preferred.
• 2–5 years of underwriting experience in a general insurance company or insurance broking company.
• Freshers also can apply

salary:

1. Freshers—15000 in the training period, and after confirmation, the salary will be 25000.
2. Experienced based on last salary and range is 25000-35000 based on skill set