Job Title: Motor Underwriter

Location: Mumbai - Andheri

Department: Underwriting

Job Summary:

The Motor Insurance Underwriter Manager will oversee the motor insurance underwriting process, ensuring the evaluation of risks is consistent with company policies and regulatory standards. This role involves managing a team, developing underwriting strategies, products and ensuring profitable growth of the motor insurance portfolio.

Key Responsibilities:

Underwriting Management:

- Review and assess motor insurance applications, ensuring adherence to risk appetite and guidelines.

- Approve or decline policies, ensuring underwriting decisions are both financially sound and customer-centric.

Risk Assessment:

- Analyze and evaluate motor risks based on various factors (vehicle type, driver history, etc.).

- Develop and refine underwriting guidelines, policies, and tools.

- Ensure compliance with internal underwriting standards and local regulations.

Portfolio Management:

- Monitor and evaluate the performance of the motor insurance portfolio.

- Identify trends, recommend adjustments to pricing, and manage risk exposure to ensure profitability.

- Work closely with actuaries, product managers, and the claims department to improve underwriting outcomes.

Team Leadership:

- Mentor, coach, and train junior underwriters to ensure the development of technical skills and decision-making capabilities.

Business Development Support:

- Work collaboratively with sales, distribution, and marketing teams to support the development of motor insurance products.

- Provide input on market trends and competitor activities to develop competitive underwriting strategies.

Process Optimization:

- Drive process improvements in underwriting workflows, automation, and customer service response times.

- Implement best practices to enhance operational efficiency.

Required Qualifications:

Education:

- A Master's degree is a plus. Business, Insurance, Finance, or a related field.

- Professional certifications in insurance are highly desirable.

Experience:

- Minimum 4 years of underwriting experience in motor insurance, with at least 3 years in a management or leadership role.

- Strong knowledge of motor insurance products, underwriting guidelines, and risk management principles.

Skills:

- Strong analytical and decision-making skills.

- Excellent communication and interpersonal skills.

- Proficiency in underwriting software and Microsoft Office tools likes excel, PPT.

- Ability to work under pressure and meet tight deadlines.

- Knowledge of regulatory frameworks and compliance standards in motor insurance.

Personal Attributes:

- Detail-oriented with a high level of accuracy.

- Strategic thinker with the ability to anticipate future trends.

- Collaborative and able to work cross-functionally with other departments.