Chief Manager Marine Underwriting

TATA AIG General Insurance Company Limited; Delhi; On-site; INR 900,000 - 1,500,000; Full time

Job summary

TATA AIG General Insurance Company Limited is seeking an experienced marine underwriting professional in Delhi to assess risk submissions, determine terms, deductibles and pricing in line with underwriting guidelines. You will handle large corporate accounts, collaborate with risk engineering and claims teams, and drive profitable portfolio growth through underwriting discipline and renewal retention.

The role involves negotiating with brokers and clients, ensuring compliance with regulatory

Responsibilities

• Assess risk submissions and determine appropriate coverage terms, policy conditions, deductibles, warranties and pricing in line with underwriting guidelines and profitability objectives.
• Evaluate cargo exposures based on commodity type, transit routes, packaging standards, mode of conveyance, storage locations and risk management practice
• Handle large corporate, multinational and complex marine insurance accounts, including customized and structured insurance solutions.
• Drive profitable portfolio growth through effective underwriting, renewal retention and acquisition of quality new business.
• Negotiate terms, pricing and coverage conditions with brokers, clients and internal stakeholders to secure sustainable and profitable business opportunities.
• Collaborate with Risk Engineering, Marine Loss Control and Claims teams to review risk improvement recommendations, survey findings and claims experience.
• Provide technical underwriting guidance and support to Sales Teams, Relationship Managers, Brokers and Clients.
• Build and maintain strong relationships with insurance brokers, corporate clients, multinational organizations, surveyors and other key industry stakeholders.
• Monitor market trends, competitor offerings, industry developments and emerging risks to support underwriting strategy and portfolio management.
• Ensure compliance with underwriting guidelines, regulatory requirements, reinsurance parameters and internal governance standards.
• Support business planning, portfolio reviews, product enhancement initiatives and underwriting process improvements.

Job description

Key Responsibilities

• Assess risk submissions and determine appropriate coverage terms, policy conditions, deductibles, warranties and pricing in line with underwriting guidelines and profitability objectives.
• Evaluate cargo exposures based on commodity type, transit routes, packaging standards, mode of conveyance, storage locations and risk management practice
• Handle large corporate, multinational and complex marine insurance accounts, including customized and structured insurance solutions.
• Drive profitable portfolio growth through effective underwriting, renewal retention and acquisition of quality new business.
• Negotiate terms, pricing and coverage conditions with brokers, clients and internal stakeholders to secure sustainable and profitable business opportunities.
• Collaborate with Risk Engineering, Marine Loss Control and Claims teams to review risk improvement recommendations, survey findings and claims experience.
• Provide technical underwriting guidance and support to Sales Teams, Relationship Managers, Brokers and Clients.
• Build and maintain strong relationships with insurance brokers, corporate clients, multinational organizations, surveyors and other key industry stakeholders.
• Monitor market trends, competitor offerings, industry developments and emerging risks to support underwriting strategy and portfolio management.
• Ensure compliance with underwriting guidelines, regulatory requirements, reinsurance parameters and internal governance standards.
• Support business planning, portfolio reviews, product enhancement initiatives and underwriting process improvements.