Job Summary:
- The job holder is responsible for assessing and underwriting new business, endorsements and renewals in accordance with the established company procedures and standards up to the assigned limit.
Key Accountabilities:
- Analyze property insurance applications to determine the level of risk.
- Review construction type, occupancy, protection, fire hazards, geographic factors, and historical losses.
- Conduct site inspections (directly or viareports) to validate risk quality.
- Evaluate engineering surveys, catastrophemodeling outputs, and risk improvement requirements.
- Determine appropriate premium, deductibles,terms, and conditions based on risk appetite.
- Ensure alignment with underwritingguidelines, actuarial pricing models, and portfolio strategy.
- Balance competitiveness with profitability.
- Manage a portfolio of risks to ensurehealthy loss ratios and profitability.
- Monitor exposure concentrations (e.g.,natural catastrophe zones).
- Accept, decline, or modify submissions basedon risk analysis.
- Clearly document underwriting rationale foraudit and regulatory purposes.
- Work within delegated authority limits;escalate when required.
- Build and maintain strong relationships with brokers, agents, and key accounts.
- Negotiate terms to win and retain profitable business.
- Provide guidance on risk improvements and mitigation measures.
- Adhere to internal underwriting guidelines, reinsurance requirements, and regulatory standards.
- Maintain accurate records and ensure audit readiness.
- Engage in regular internal reviews to strengthen underwriting discipline.
- Work with claims teams to analyze loss trends and adjust underwriting approach.
- Coordinate with actuarial, finance, and risk engineering teams for pricing and risk insights.
- Support product development and improvements in underwriting tools or models.
- Provide management with timely and accurate portfolio performance reports.
- Recommend corrective actions where needed.
- Support training of junior underwriters.
- Share technical knowledge and best practices.
- Help build a high-performing underwriting culture.
Education, Experience and Formal/Professional Qualifications:
- Graduate degree preferably in Science, Insurance, Risk management, Accountancy, Law.
- Insurance certification from any accredited institute preferable.
- Minimum 5 years of underwriting experience.
- Proven ability in underwriting Property, organizing workload under pressure.
