Property Facultative Underwriter (Bhavnagar)

Santam Insurance; Bhavnagar; On-site; INR 1,000,000 - 1,300,000; Full time

Job summary

Santam Ltd. IIO GIFT City in Gandhinagar, Gujarat, India, is seeking an experienced Property Facultative Underwriter to join its office.

You will underwrite and manage property facultative reinsurance business originating from India and approved territories, maintaining underwriting discipline, governance, and profitability. Initially you will collaborate with the Head Office underwriting team and operate under delegated authority.

Qualifications

• Experience in property facultative reinsurance underwriting is preferred.
• Strong analytical skills with risk assessment.

Responsibilities

• Underwrite Property Facultative Reinsurance risks in accordance with Santam's underwriting guidelines and delegated authority limits.
• Analyse underwriting submissions, including risk information, claims history, engineering reports, financial information, and policy wordings.
• Assess natural catastrophe (CAT) exposures and portfolio accumulations.
• Price risks and prepare underwriting recommendations.
• Negotiate terms, conditions, and pricing with brokers and cedants.
• Develop and maintain solid relationships with brokers, cedants, and business partners.
• Support business development initiatives and identify new underwriting opportunities.
• Monitor portfolio performance, profitability, and exposure management.
• En .

Skills

Underwriting

Reinsurance

CAT risk

Job description

Property Facultative Underwriter ReinsuranceLocation: GIFT City, Gandhinagar, Gujarat, IndiaCompany: Santam Ltd. IIO GIFT City

Santam Ltd. IIO is seeking an experienced Property Facultative Underwriter to join its GIFT City office. The successful candidate will be responsible for underwriting and managing Property Facultative Reinsurance business originating from India and other approved territories, while maintaining underwriting discipline and supporting the company's profitable growth strategy. During the initial phase of employment, the successful candidate will work closely with Santam's Head Office underwriting team. Underwriting decisions and recommendations will be subject to a peer review process to ensure alignment with Santam's global underwriting philosophy, technical standards, and governance framework. As the individual gains familiarity with Santam's underwriting guidelines and demonstrates consistent underwriting performance, an appropriate level of underwriting authority will be delegated in accordance with the Company's governance framework.

The selected candidate will report directly to the Principal Officer & Country Head India Operations.

What will make you successful

• Underwrite Property Facultative Reinsurance risks in accordance with Santam's underwriting guidelines and delegated authority limits.
• Analyse underwriting submissions, including risk information, claims history, engineering reports, financial information, and policy wordings.
• Assess natural catastrophe (CAT) exposures and portfolio accumulations.
• Price risks and prepare underwriting recommendations.
• Negotiate terms, conditions, and pricing with brokers and cedants.
• Develop and maintain solid relationships with brokers, cedants, and business partners.
• Support business development initiatives and identify new underwriting opportunities.
• Monitor portfolio performance, profitability, and exposure management.
• En .