Property Facultative Underwriter (Rajkot)

Santam Insurance; Rajkot; On-site; INR 1,700,000 - 2,100,000; Full time

Job summary

Santam Ltd. IIO GIFT City in Gandhinagar, Gujarat seeks an experienced Property Facultative Underwriter to join its India operations.

You will underwrite Property Facultative Reinsurance risks originating from India and approved territories, apply underwriting guidelines, and work with the Head Office team during an initial phase. As you establish familiarity, you will be delegated underwriting authority within governance limits and report to the Principal Officer & Country Head India

Qualifications

• Underwrite Property Facultative Reinsurance risks per guidelines and delegated authority.
• Analyse risk information, claims history, engineering reports, and policy wordings.
• Assess natural catastrophe exposures and portfolio accumulations.
• Price risks and prepare underwriting recommendations.
• Negotiate terms, conditions and pricing with brokers and cedants.
• Develop and maintain relationships with brokers, cedants and partners.
• Support business development initiatives and identify opportunities.
• Monitor portfolio performance, profitability and exposure management.

Responsibilities

• Underwrite Property Facultative Reinsurance risks in line with guidelines.
• Analyse submissions including risk and financial data.
• Assess CAT exposures and portfolio accumulations.
• Price risks and provide underwriting recommendations.
• Negotiate terms and pricing with brokers and cedants.
• Maintain relationships with brokers and partners.
• Support growth initiatives and opportunities as they arise.
• Monitor performance and manage exposures.

Skills

Property Facultative Underwriting

Risk analysis

CAT exposure assessment

Pricing

Negotiation

Relationship building

Business development

Portfolio monitoring

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 .