Underwriting Executive

Roots Recruitment; Mumbai; On-site; INR 450,000 - 750,000; Full time

Job summary

Share India Insurance Brokers Pvt. Ltd. is seeking an Underwriting Executive with 1–4 years of experience in risk assessment, policy underwriting, and documentation. The role covers Motor, Commercial, Life, Health and Cyber insurance, ensuring adherence to IRDAI regulations and underwriting guidelines. You will coordinate with insurers and manage policy issuance and renewals. The position is based in Mumbai and is full-time.

Qualifications

• Graduate or postgraduate with interest in insurance.
• 1–4 years of experience in insurance underwriting.
• Experience with a broker or insurer preferred.
• Insurance-related certifications will be an added advantage.

Responsibilities

• Handle underwriting of Motor Insurance policies including Private Car, Two-Wheeler and Commercial Vehicles.
• Manage Commercial Insurance products such as Fire, Marine, Engineering, Liability and Miscellaneous policies.
• Process Life and Health Insurance proposals where applicable.
• Handle Cyber Insurance proposals for corporate clients and coordinate with insurers.
• Evaluate risks, verify forms and review supporting documents.
• Coordinate with insurance companies for quotations, approvals, risk assessments and policy issuance.
• Maintain underwriting records and support internal teams and clients.

Skills

Underwriting principles

Motor & General insurance

IRDAI guidelines

Analytical skills

MS Excel

Education

Graduate / Postgraduate

Tools

Insurance portals

Job description

Job Title: Underwriting Executive General, Life, Health & Cyber Insurance

Company: Share India Insurance Brokers Pvt. Ltd.
Location: Sakinaka, Mumbai
Experience: 1 - 4 Years
Qualification: Graduate / Postgraduate

Employment Type: Full-Time

About the Company

Share India Insurance Brokers Pvt. Ltd., part of Share India Group, is a leading financial services company with over 26 years of experience. The company provides comprehensive insurance solutions across Life and General Insurance, catering to both individual and corporate clients.

Job Description

We are looking for a detail-oriented and proactive Underwriting Executive with experience in Motor, Commercial, Life, Health and/or Cyber Insurance. The candidate will be responsible for risk assessment, policy underwriting, documentation, policy issuance and coordination with insurance companies while ensuring compliance with underwriting guidelines and IRDAI regulations.

Key Responsibilities

• Handle underwriting of Motor Insurance policies, including Private Car, Two-Wheeler and Commercial Vehicles.
• Manage Commercial Insurance products such as Fire, Marine, Engineering, Liability and Miscellaneous policies.
• Process individual and group Life and Health Insurance proposals.
• Handle Cyber Insurance proposals for corporate and commercial clients.
• Evaluate risks, verify proposal forms and review supporting documents.
• Coordinate with insurance companies for quotations, approvals, risk assessments and policy issuance.
• Manage policy issuance, renewals, endorsements, cancellations and portability cases.
• Coordinate vehicle inspections and handle motor break-in cases.
• Follow up on pending documents and underwriting requirements.
• Ensure compliance with insurer underwriting guidelines and IRDAI regulations.
• Maintain accurate underwriting records and provide support to internal teams and clients.

Required Skills & Competencies

• Knowledge of insurance underwriting principles and processes.
• Understanding of Motor, Commercial, Life, Health or Cyber Insurance.
• Knowledge of IRDAI guidelines and insurance regulations.
• Strong analytical, communication and coordination skills.
• Good documentation and risk assessment abilities.
• Proficiency in MS Excel and insurance portals.
• Ability to manage multiple tasks and meet deadlines.

Eligibility Criteria

• Graduate / Postgraduate in any discipline.
• 1 - 4 years of experience in insurance underwriting.
• Experience with an insurance broker or insurance company preferred.
• Insurance-related certifications will be an added advantage.