Insurance Underwriter

Job Description – Insurance Underwriter

• *Company:** Integrated Risk Insurance Brokers Limited (IRIBL)
• *Department:** Insurance Placement \& Risk Assessment
• *Job Location:** Nariman Point, Mumbai
• *Employment Type:** Full\-time
• *Reporting To:** Head of Insurance Placement / Senior Management
• *Experience:** 2–5 years preferred

About IRIBL

Integrated Risk Insurance Brokers Limited is an insurance broking and risk management company providing insurance placement, risk management solutions, claims consulting, and post\-placement services. We help businesses identify risks and obtain suitable insurance coverage from insurance companies.

Role Overview

We are seeking a detail\-oriented and analytical Insurance Underwriter to evaluate client risk profiles, assess insurance requirements, obtain and compare quotations from insurers, and support the placement of suitable insurance policies. The candidate will coordinate with insurance companies, evaluate policy terms and conditions, and ensure that insurance proposals meet client requirements while complying with applicable underwriting guidelines.

As this role is within an insurance broking firm, the candidate will primarily support **risk assessment, insurer coordination, quotation analysis, and insurance placement**, rather than independently underwriting risks on behalf of an insurance company.

Key Responsibilities1\. Risk Assessment \& Evaluation

• Review client proposals, risk details, claims history, asset information, and other relevant documents.
• Analyse risk exposures and identify information required for insurance placement.
• Assess insurance requirements across commercial and corporate insurance products.
• Identify discrepancies, missing information, and potential risk concerns before submitting proposals to insurers.
• Coordinate with clients to obtain complete and accurate risk information.

2\. Insurance Placement \& Quotation Management

• Submit insurance proposals to relevant insurance companies for quotations.
• Coordinate with insurer underwriting teams to obtain competitive terms and pricing.
• Prepare quotation comparisons covering premium, coverage, deductibles, exclusions, limits, warranties, and other important policy conditions.
• Review quotations against client requirements and highlight differences in coverage.
• Assist the sales and business development teams in preparing insurance proposals and client presentations.
• Follow up with insurers to ensure timely quotation and policy issuance.

3\. Insurer Coordination \& Negotiation

• Maintain effective working relationships with insurance company underwriting and placement teams.
• Negotiate pricing, coverage terms, deductibles, and other conditions within delegated authority.
• Obtain clarifications and revised quotations where necessary.
• Escalate complex risks, unusual coverage requirements, and material discrepancies to senior management.
• Maintain an updated record of insurer appetite, underwriting requirements, and quotation status.

4\. Policy Review \& Documentation

• Verify policy schedules, endorsements, coverage details, and terms against the approved quotation and client requirements.
• Coordinate with insurers to rectify discrepancies in policy documents.
• Ensure required proposal forms, declarations, risk reports, and supporting documents are maintained.
• Maintain accurate records of quotations, approvals, policy documents, and placement communications.
• Support compliance with applicable regulatory requirements and internal processes.

5\. Internal Team Coordination

• Work closely with business development, sales, operations, and claims teams to understand client requirements.
• Provide technical insurance support to sales teams during client discussions.
• Assist in renewal reviews by analysing expiring policies, claims experience, and updated risk information.
• Support cross\-selling opportunities by identifying gaps in existing insurance coverage.
• Prepare management reports on quotations, placements, pending cases, and insurer performance.

Insurance Products

The candidate may work across the following product categories, depending on experience and business requirements:

• Property All Risk and Fire Insurance
• Engineering Insurance
• Marine Cargo Insurance
• Motor and Fleet Insurance
• Commercial General Liability
• Professional Indemnity and Directors \& Officers Liability
• Cyber Insurance
• Group Health Insurance
• Group Personal Accident Insurance
• Workmen's Compensation / Employees' Compensation
• Other commercial and corporate insurance products

Qualifications \& Experience

• Bachelor's degree in Commerce, Finance, Business Administration, Insurance, or a related field.
• 1–3 years of experience in underwriting, insurance placement, or commercial insurance operations.
• Experience with a general insurance company or insurance broking firm will be preferred.
• Good understanding of insurance policy wordings, coverage terms, exclusions, deductibles, and underwriting requirements.
• Strong analytical, documentation, communication, and coordination skills.
• Proficiency in MS Excel, Word, and insurance management systems.
• Ability to manage multiple quotations and meet placement deadlines.

Key Performance Indicators (KPIs)

• Turnaround time for obtaining and processing quotations.
• Accuracy of quotation comparisons and policy documentation.
• Number and value of cases successfully placed.
• Timely follow\-up with insurers and closure of pending quotations.
• Compliance with documentation and internal quality standards.
• Reduction in errors and discrepancies between quotations and issued policies.
• Quality of coordination with insurers and internal sales teams.

Required Skills \& Competencies

• Strong analytical and risk evaluation skills.
• Knowledge of commercial insurance products and policy wordings.
• Attention to detail and accuracy in documentation.
• Effective negotiation and insurer relationship management.
• Strong follow\-up, coordination, and time management.
• Ability to identify coverage gaps and communicate technical insurance terms clearly.

Compensation \& Benefits

• Competitive salary based on experience and expertise.
• Performance\-based growth opportunities.
• Exposure to diverse corporate risks and commercial insurance products.
• Opportunities to develop technical expertise in insurance placement and risk management.

Work Location: In person