POSITION OVERVIEW

The DVP - Marine Hull Underwriter is responsible for driving profitable growth of the Marine Hull portfolio through sound risk selection, technical underwriting, portfolio management, broker/partner engagement, and strategic market development. The role requires deep domain expertise in Marine Hull risks, strong analytical capability, and the ability to influence internal and external stakeholders to achieve underwriting and business objectives.

ROLE AND RESPONSIBILITIES

Underwriting & Risk Assessment

- Evaluate, price, and underwrite Marine Hull, Builders' Risks, and associated Marine technical risks within authorized limits.

- Conduct detailed risk assessments including vessel type, age, tonnage, class, trading limits, crew competency, and claims history.

- Provide referrals and technical support for complex/large risks and oversee quality of underwriting across the team.

- Ensure adherence to underwriting guidelines, regulatory requirements, and reinsurance treaty terms.

Portfolio & Performance Management

- Monitor portfolio performance, loss ratios, retention, and pricing adequacy; recommend corrective actions as needed.

- Collaborate with actuarial, claims, and finance teams to maintain portfolio profitability.

- Support quarterly performance reviews, MIS reporting, and portfolio analytics.

Business Development & Stakeholder Management

- Develop and strengthen relationships with brokers, reinsurers, surveyors, marine consultants, and key corporate clients.

- Participate in strategic client meetings, pitches, and negotiations to enhance market presence.

- Identify new business opportunities in Marine Hull, Offshore, and related segments.

Reinsurance Coordination

- Liaise with reinsurance teams to structure facultative placements for large/complex risks.

- Prepare high-quality underwriting submissions for reinsurers and respond to queries promptly.

- Ensure optimal reinsurance utilization to protect portfolio profitability.

Technical Expertise & Market Insights

- Keep abreast of market trends, regulatory changes, international marine practices, and emerging risks.

- Conduct technical training and knowledge sessions for internal teams and distribution partners.

- Contribute to development/revision of underwriting guidelines, pricing models, and product enhancements.

Governance, Compliance & Documentation

- Ensure complete and accurate documentation for underwriting files and audit readiness.

- Support compliance with IRDAI regulations and internal audit standards.

- Participate in internal audits, underwriting reviews, and quality checks.

KEY DECISIONS TAKEN

- Acceptance, pricing, and structuring of Marine Hull and allied risks within delegated authority.

- Referral or declinature of non-standard and high-exposure risks.

- Portfolio actions to manage profitability, loss trends, and risk concentration.

- Reinsurance approach for large or complex risks, including facultative placements.

- Approval of key commercial terms with brokers and strategic clients.

- Governance, compliance, and underwriting framework enhancements.

EDUCATION & EXPERIENCE REQUIREMENTS

- Graduate/Engineer; Master's degree or Marine qualification preferred.

- Certification in Marine Insurance, Associateship or Fellowship (III/CII) desirable.

- 8 - 12+ years of experience in Marine Hull underwriting, including technical and commercial hull risks.

- Strong understanding of marine regulations, international maritime conventions, and vessel classification norms.

- Experience in Offshore Hull, Fishing Vessels, Special Craft, and Marine Builders' Risks preferred.

PREFFERED SKILLS

Technical Competencies

- Expertise in Marine Hull underwriting and policy wordings

- Strong risk assessment and pricing skills

- Knowledge of reinsurance structures (proportional & non-proportional)

- Familiarity with marine surveys and loss prevention

Behavioral Competencies

- Strong communication and negotiation skills

- Analytical thinking and problem-solving ability

- Stakeholder collaboration and relationship management

- Leadership and mentoring skills

- High attention to detail and governance orientation