Company Overview:

ICICI Lombard General Insurance Company Limited is one of India's leading private sector general insurance companies. The organization provides a comprehensive range of insurance products, including motor, health, crop, fire, marine, and engineering insurance, serving both individual and corporate clients. With a robust digital infrastructure and a vast distribution network, ICICI Lombard plays a pivotal role in the Indian financial services landscape, consistently focusing on risk mitigation and customer-centric insurance solutions.

Role Overview:

As an AVP - Property Underwriter based in Mumbai, you will spearhead the underwriting strategy for the property portfolio, ensuring the company maintains a balanced and profitable risk profile. You will work closely with regional sales teams, reinsurance partners, and senior leadership to evaluate complex property risks and structure competitive insurance solutions. This role is instrumental in driving business growth while upholding stringent risk management standards, directly influencing the long-term profitability and stability of the property insurance vertical.

Key Responsibilities:

- Evaluate complex property insurance proposals by analyzing risk profiles, occupancy details, and loss history to ensure alignment with company underwriting guidelines.

- Manage the end-to-end property portfolio by monitoring loss ratios, identifying emerging trends, and implementing corrective measures to optimize performance.

- Collaborate with the reinsurance team to structure facultative and treaty placements, ensuring adequate risk transfer for large-scale property accounts.

- Develop and maintain strong relationships with key brokers and corporate clients to facilitate business acquisition and provide technical underwriting support.

- Conduct periodic audits and site inspections to assess risk quality, ensuring that premium pricing accurately reflects the underlying exposure.

- Mentor junior underwriters and provide technical guidance on complex policy wordings and coverage extensions to ensure consistency across the team.

Required Skillset:

- Demonstrate deep technical expertise in property insurance underwriting, including a thorough understanding of fire, engineering, and allied peril covers.

- Exhibit strong analytical capabilities to interpret financial data, risk reports, and loss statistics to make informed underwriting decisions.

- Possess excellent communication and negotiation skills to engage effectively with internal stakeholders, brokers, and corporate clients.

- Maintain a proactive approach to risk management, with the ability to adapt to changing market conditions and regulatory requirements in the general insurance sector.

- Hold a professional qualification in insurance (such as ACII or equivalent) or a postgraduate degree in management or finance from a reputed institute.

- Demonstrate the ability to work in a fast-paced, on-site environment in Mumbai, managing multiple high-value accounts simultaneously with high attention to detail.