Deputy Manager – Motor Underwriting for General Insurance, Mumbai

Job Description:

Location Corporate Office – Mumbai

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:

o Review and assess motor insurance applications, ensuring adherence to risk appetite and guidelines.
o Approve or decline policies, ensuring underwriting decisions are both financially sound and customer-centric.

Risk Assessment:

o Analyze and evaluate motor risks based on various factors (vehicle type, driver history, etc.).
o Develop and refine underwriting guidelines, policies, and tools.
o Ensure compliance with internal underwriting standards and local regulations.

 Portfolio Management:

o Monitor and evaluate the performance of the motor insurance portfolio.
o Identify trends, recommend adjustments to pricing, and manage risk exposure to ensure profitability.
o Work closely with actuaries, product managers, and the claims department to improve underwriting outcomes.

Team Leadership:

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

Business Development Support:

o Work collaboratively with sales, distribution, and marketing teams to support the development of motor insurance products.
o Provide input on market trends and competitor activities to develop competitive underwriting strategies. 

Process Optimization:

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

o Implement best practices to enhance operational efficiency.

Required Qualifications:

o Bachelor s degree in Business, Insurance, Finance, or a related field. A Master s degree is a plus.
o Professional certifications in insurance are highly desirable.

Experience:

o Minimum 7-10 years of underwriting experience in motor insurance, with at least 3 years in a management or leadership role.
o Strong knowledge of motor insurance products, underwriting guidelines, and risk management principles.

Skills:

o Strong analytical and decision-making skills.
o Excellent communication and interpersonal skills.
o Proficiency in underwriting software and Microsoft Office tools likes excel, PPT.
o Ability to work under pressure and meet tight deadlines.
o 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.