Job Description

Job Title: Underwriter - Insurance Broking

Location:

Mumbai

Experience:

2-4 years

Industry:

Insurance Broking (Corporate & Retail)

Job Summary

The Underwriter will be responsible for supporting the placement and underwriting of insurance risks across multiple lines of business. The role involves coordinating with insurers, analyzing risk details, preparing quotations, and ensuring timely and accurate policy issuance while maintaining strong relationships with both clients and insurance partners.

Key Responsibilities

Analyze client risk information and prepare underwriting submissions for insurers Coordinate with multiple insurance companies to obtain competitive quotes and terms Evaluate policy wordings, coverage terms, exclusions, and endorsements Assist in placement of policies across lines such as: Group Medical (GMC/GPA/GTL) Property & Engineering Marine Liability Motor (Retail & Corporate) Support renewal management and mid-term policy servicing Ensure compliance with IRDAI guidelines and internal underwriting standards Prepare comparison sheets, recommendations, and coverage summaries for clients Liaise with insurers for negotiations, special approvals, and underwriting clarifications Assist sales and relationship teams with technical underwriting support Maintain accurate documentation, MIS, and underwriting records Support claims team with policy interpretation and coverage confirmation when required

Required Skills & Competencies

Strong understanding of insurance underwriting principles Good knowledge of insurance products and policy wordings Ability to analyze risk data and identify coverage gaps Strong coordination and follow-up skills with insurers Attention to detail and documentation accuracy Proficiency in MS Excel, Word, and broker MIS systems Good communication skills (written & verbal)

Qualifications

Graduate / Post Graduate (preferably in Insurance, Risk Management, Finance, or Commerce) Insurance certifications (III, AIII, Fellowship, or equivalent) - preferred Prior experience in insurance broking or general insurance underwriting is mandatory

Why Join Us

Exposure to diverse corporate and retail portfolios Opportunity to work with leading insurers and key clients Growth-oriented environment with learning and responsibility Professional, ethical, and client-first culture
Job Type: Permanent

Pay: ?215,620.29 - ?600,000.00 per year

Benefits:

Cell phone reimbursement
Work Location: In person