Catastrophe Modeling (Fresher)

EXL; Gurugram District; On-site; INR 550,000 - 750,000; Full time

Job summary

EXL is seeking an Underwriting Analyst to support North American underwriting teams by reviewing submissions, analyzing policy and exposure information, validating data, and assisting with pricing templates. The role requires attention to detail and data interpretation to enable informed risk decisions.

You will review submissions, populate pricing templates, validate exposure and historical policy details, and coordinate with underwriters to resolve gaps while contributing to process

Qualifications

• Review submissions from brokers and clients for completeness and quality.
• Analyse policy and exposure information to support underwriting decisions.
• Perform data validation, cleansing and quality checks to enable accurate pricing.

Responsibilities

• Review new business and renewal submissions from brokers/clients.
• Populate pricing templates and rating models using submission data.
• Interpret policy details, endorsements, limits and underwriting requirements.
• Escalate gaps or inconsistencies to underwriters and coordinate resolution.
• Collaborate with North American underwriters and actuarial teams to improve processes.

Job description

Role Overview

The Underwriting Analyst supports North American underwriting teams by reviewing insurance submissions, analysing policy and exposure information, validating data, completing pricing templates, and facilitating the quotation process. The role combines insurance knowledge, analytical thinking, attention to detail, and data interpretation to enable underwriters to make informed risk selection and pricing decisions.

Key Responsibilities

Submission Review & Assessment

• Review new business and renewal submissions received from brokers and clients.
• Assess completeness and quality of submission information, including applications, Statements of Values (SOVs), loss runs, schedules, and supporting documentation.
• Identify missing, inconsistent, or incomplete information and coordinate with underwriters to resolve gaps.
• Organise and prepare submission packages for underwriting review.

Pricing & Quotation Support

• Populate pricing templates, rating models, and underwriting workbooks using submission information.
• Validate exposure, premium, and historical policy information prior to quote generation.
• Support quote preparation activities in accordance with underwriting guidelines and client requirements.
• Perform data cleansing, standardisation, aggregation, and quality checks before information is loaded into pricing tools.

Insurance Analysis

• Interpret policy information, coverage details, endorsements, deductibles, limits, and underwriting requirements.
• Analyse historical premium and claims information to identify trends and risk indicators.
• Conduct Year-over-Year (YoY) comparisons across exposure, premium, claims, and coverage attributes.
• Identify material changes in risk profiles and highlight observations for underwriters.
• Support portfolio and account-level analysis through data-driven insights.

Data Quality & Risk Analysis

• Perform detailed quality assurance reviews of underwriting data.
• Analyse exposure schedules, loss information, and risk characteristics for accuracy and completeness.
• Escalate unusual trends, discrepancies, and exceptions identified during the review process.
• Ensure adherence to underwriting procedures, compliance standards, and service-level expectations.

Stakeholder Collaboration

• Work closely with North American underwriters, underwriting assistants, actuarial teams, and operations teams.
• Participate in discussions regarding submission quality, pricing assumptions, and risk information.
• Support ongoing process improvement initiatives aimed at enhancing underwriting efficiency and quote turnaround time.