Commercial Insurance Underwriter

As a Commercial Insurance Underwriter (Broker) within a broking setup, your role involves evaluating client risk profiles, structuring insurance solutions, coordinating with insurers, and ensuring optimal placement of risks across various commercial insurance lines. This position requires a strong technical underwriting knowledge along with market negotiation skills.

Key Responsibilities:

• Analyze client proposals, financials, and operational exposures.
• Evaluate risks across policies such as:
• Fire & Special Perils (SFSP)
• Burglary
• Marine (Transit/Open)
• Liability (CGL, Product Liability)
• Workmen Compensation (WC)
• Engineering (EAR/CAR/CPM)
• Identify coverage gaps and recommend suitable structures.
• Float RFQs to multiple insurers.
• Negotiate terms, premiums, and coverage enhancements.
• Compare quotes and prepare client-ready presentations.
• Maintain relationships with underwriters across insurance companies.
• Design tailored insurance programs based on client risk appetite.
• Structure add-ons, deductibles, and extensions (e.g., FLOP, STFI, ESB).
• Ensure alignment with regulatory and insurer guidelines.
• Act as a technical advisor to clients on risk mitigation and coverage.
• Explain policy wordings, exclusions, and claim scenarios.
• Support sales/relationship teams in client meetings.
• Review proposal forms, endorsements, and policy wordings.
• Ensure proper documentation before policy issuance.
• Maintain underwriting files and audit trails.
• Assist clients during claim intimation and documentation.
• Coordinate with insurers for smooth claim processing.
• Provide technical interpretation of policy coverage.
• Monitor loss ratios and renewal performance.
• Track premium trends and insurer appetite.
• Support renewals with improved terms and pricing.

Required Skills & Competencies:

Technical Skills:

• Strong understanding of commercial insurance products.
• Knowledge of underwriting principles and risk engineering.
• Familiarity with policy wordings and endorsements.

Soft Skills:

• Negotiation and relationship management.
• Analytical and problem-solving mindset.
• Strong communication and presentation skills.

Qualifications

• Graduate (B.Com / BMS / BBA preferred)
• Professional certifications preferred:
• CFA / FRM / III certifications (advantageous in broking roles like yours)
• 26 years of experience in commercial underwriting or broking.

The work environment is a quick-paced broking setup that involves high coordination with insurers and clients, requiring multitasking across multiple accounts.

The salary for this position ranges from 229,053.56 to 847,032.30 per year with benefits including cell phone reimbursement.

Experience in an insurance broking firm or general insurance company, exposure to multiple lines (Property, Liability, Engineering), and hands-on experience with RFQs, quote comparison, and policy issuance are preferred for this role. As a Commercial Insurance Underwriter (Broker) within a broking setup, your role involves evaluating client risk profiles, structuring insurance solutions, coordinating with insurers, and ensuring optimal placement of risks across various commercial insurance lines. This position requires a strong technical underwriting knowledge along with market negotiation skills.

Key Responsibilities:

• Analyze client proposals, financials, and operational exposures.
• Evaluate risks across policies such as:
• Fire & Special Perils (SFSP)
• Burglary
• Marine (Transit/Open)
• Liability (CGL, Product Liability)
• Workmen Compensation (WC)
• Engineering (EAR/CAR/CPM)
• Identify coverage gaps and recommend suitable structures.
• Float RFQs to multiple insurers.
• Negotiate terms, premiums, and coverage enhancements.
• Compare quotes and prepare client-ready presentations.
• Maintain relationships with underwriters across insurance companies.
• Design tailored insurance programs based on client risk appetite.
• Structure add-ons, deductibles, and extensions (e.g., FLOP, STFI, ESB).
• Ensure alignment with regulatory and insurer guidelines.
• Act as a technical advisor to clients on risk mitigation and coverage.
• Explain policy wordings, exclusions, and claim scenarios.
• Support sales/relationship teams in client meetings.
• Review proposal forms, endorsements, and policy wordings.
• Ensure proper documentation before policy issuance.
• Maintain underwriting files and audit trails.
• Assist clients during claim intimation and documentation.
• Coordinate with insurers for smooth claim processing.
• Provide technical interpretation of policy coverage.
• Monitor loss ratios and renewal performance.
• Track premium trends and insurer appetite.
• Support renewals with improved terms and pricing.

Required Skills & Competencies:

Technical Skills:

• Strong understanding of commercial insurance products.
• Knowledge of underwriting principles and risk engineering.
• Familiarity with policy wordings and endorsements.

Soft