Manager – Underwriting

A Leading Life Insurance Company is seeking a meticulous Manager – Underwriting to lead its policy assessment team. In this pivotal role, you will be responsible for evaluating complex insurance applications and determining risk levels based on medical and financial data. Furthermore, you will ensure that all underwriting decisions align with the company’s risk appetite and regulatory standards. Consequently, this position is vital for maintaining a healthy insurance portfolio and ensuring fair customer outcomes.

The Manager – Underwriting must bridge technical medical knowledge with financial risk assessment to deliver accurate results. Additionally, you will lead a team of underwriters, providing guidance on difficult cases and fostering professional development. Therefore, the company is looking for a professional with deep experience in life insurance underwriting. If you have a customer-centric approach and a strong eye for detail, this Manager – Underwriting role offers a premier professional opportunity.

Key Responsibilities

• Assess and process high-value life insurance applications using financial and medical underwriting guidelines.
• Make accurate decisions on policy issuance, ratings, or repudiations based on risk evaluation.
• Manage and mentor a team of junior underwriters to ensure high productivity and quality standards.
• Collaborate with the Reinsurance and Claims teams to refine underwriting philosophies.
• Interact with the medical panel and external diagnostic centers to verify applicant data.
• Ensure strict adherence to IRDAI guidelines and internal compliance policies.
• Monitor and report on key performance indicators (KPIs) such as TAT and quality scores.
• Provide technical training to sales and distribution channels on underwriting requirements.
• Identify and mitigate potential anti-selection and fraud risks during the assessment process.
• Review and update Standard Operating Procedures (SOPs) to enhance operational efficiency.

Requirements and Qualifications

• Graduate/Post Graduate (Medical or Science background preferred).
• 5 to 8 years of experience in Life Insurance underwriting.
• Proficiency in digital underwriting platforms and MS Office tools.
• Excellent analytical skills and the ability to interpret complex medical reports.
• Strong communication skills for interacting with sales channels and external partners.