Non EB Underwriter

PrishaPolicy; Gurugram District; On-site; INR 800,000 - 1,200,000; Full time

Job summary

PrishaPolicy is seeking an experienced Commercial / SME Underwriter to evaluate and manage underwriting activities across SME and commercial insurance portfolios. The ideal candidate will have a strong focus on risk evaluation and policy structuring.

This role requires a solid understanding of various insurance products, strong analytical skills, and the ability to ensure compliance with regulatory frameworks while maximizing profitability.

Qualifications

• Proven experience in commercial / SME underwriting, preferably with an insurance company or brokerage.
• Strong knowledge of Fire, Marine, Engineering, and Liability insurance products.
• Ability to assess financials and risk exposures for SME clients.

Responsibilities

• Evaluate and underwrite SME and commercial insurance risks across various products.
• Analyze proposal forms and financial statements to assess risk exposure.
• Coordinate with insurers for quotations and policy issuance.

Job description

Prisha Insurance Brokers Private Limited is a leading insurance brokerage firm offering comprehensive and customized insurance solutions to corporates and individuals. With a strong focus on service excellence, regulatory compliance, and client‑centric solutions, we specialize in end-to-end risk assessment, underwriting support, and policy servicing across multiple insurance lines.

Job Description

We are looking for an experienced and detail-oriented Commercial / SME Underwriter to manage underwriting activities across SME and commercial insurance portfolios. The role involves risk evaluation, pricing support, policy structuring, and coordination with insurers to deliver optimal coverage solutions while maintaining underwriting discipline and profitability.

The ideal candidate will have strong technical knowledge of commercial insurance products, risk analysis capabilities, and a sound understanding of underwriting guidelines and regulatory frameworks.

Responsibility

• Evaluate and underwrite SME and commercial insurance risks across products including Fire, Marine, Engineering, Liability, WC, and other general insurance lines.
• Analyze proposal forms, financial statements, risk inspections, and supporting documents to assess risk exposure and coverage requirements.
• Coordinate with insurers for quotations, negotiations, endorsements, and policy issuance.
• Structure appropriate coverage, limits, deductibles, and terms in line with client requirements and insurer underwriting guidelines.
• Ensure accurate documentation, timely policy issuance, and adherence to agreed TATs.
• Support the sales and relationship teams with technical inputs, product positioning, and underwriting clarifications.
• Review renewals, loss ratios, and claims history to recommend suitable terms and pricing adjustments.
• Identify underwriting risks, red flags, and coverage gaps, and recommend risk mitigation measures.
• Ensure compliance with IRDAI regulations, insurer guidelines, and internal underwriting policies.
• Maintain underwriting MIS, reports, and portfolio performance dashboards.
• Collaborate with claims, operations, and compliance teams to ensure seamless policy servicing and client satisfaction.

Qualification & Experience

• Proven experience in commercial / SME underwriting, preferably with an insurance company or insurance brokerage.
• Strong hands‑on knowledge of Fire, Marine, Engineering, Liability, WC, and other SME insurance products.
• Good understanding of policy wordings, endorsements, exclusions, and underwriting clauses.
• Ability to assess financials, risk exposures, and loss experience for SME clients.
• Strong analytical, negotiation, and decision‑making skills.
• Excellent communication and stakeholder coordination abilities.
• Proficiency in underwriting systems and Microsoft Office Suite.
• Sound knowledge of IRDAI regulations, underwriting norms, and industry best practices.