Job Title: AVP - Lead Liability Underwriting Department : Global Corporate & Commercial (GC&C;) Location : Vikhroli, Mumbai

Work Schedule : Monday to Friday Reporting To : Head of GC&C; India (with matrix reporting to Regional Head of LOB, Asia) Industry Preference: General Insurance

Position Summary We are seeking a strategic and results-driven Team Lead – Line of Business (LOB) to lead the development and execution of underwriting strategy within the Engineering or relevant commercial lines portfolio under GC&C; India. The ideal candidate will ensure effective portfolio performance, maintain governance, and cultivate market relationships while aligning with global and regional GC&C; business objectives.

Key Responsibilities

- Strategy Development & Execution

Formulate and implement a structured underwriting and portfolio strategy aligned with global and regional GC&C; LOB guidelines. Define and monitor KPIs for underwriting processes.

Ensure technical adherence to GC&C; risk appetite and operational standards.

Lead market-facing underwriting activities and product positioning.

Key Result: Sustainable and diversified portfolio delivering long-term profitability.

- Underwriting Performance & Portfolio Management

Own full P&L; responsibility for the LOB. Achieve top-line (GWP) and bottom-line (NTR) business objectives.

Implement corrective actions based on product or hazard grade, producer, or market performance.

Strengthen relationships with brokers, clients, and industry stakeholders.

Key Result: Delivery of planned revenue and profitability targets.

- Underwriting Excellence & Technical Enablement

Drive adherence to technical underwriting guidelines and tools. Monitor financial KPIs including premium adequacy.

Control data accuracy, risk exposure,



and accumulation levels including CAT modeling.

Utilize GC&C; treaties to reduce leakage and improve profitability.

Key Result: Accurate underwriting, improved risk selection, and enhanced profitability.

- Governance & Regulatory Compliance

Implement GC&C; governance frameworks (e.g., UQAs, TURs, accumulation controls). Ensure compliance with internal policies and external regulatory guidelines.

Maintain and update local LOB underwriting guidelines.

Coordinate with internal departments including Audit, Finance, Actuarial, and Planning.

Key Result: Strong audit controls and regulatory compliance.

- Leadership & Talent Development

Build and lead a high-performing underwriting team. Drive capability development, coaching, and knowledge sharing.

Foster a culture of collaboration, accountability, and continuous improvement.

Create a talent pipeline for succession planning.

Key Result: Engaged, skilled, and performance-driven team.

Education Qualifications & Requirements: Graduate/Postgraduate, preferably in a quantitative discipline (Economics, Engineering, Statistics, Physics)

Professional Insurance Qualification (e.g., AIII, FIII, ACII, CPCU)

Experience Proven success in underwriting and managing profitable LOB portfolios

Experience in managing country-level LOB portfolios

Exposure to global business environments and multicultural teams

Skills Deep understanding of underwriting, risk selection, and portfolio management

Solid knowledge of local insurance market and competitive landscape

Excellent stakeholder management, negotiation, and coaching abilities

High analytical, communication, and presentation skills

Team-building and leadership qualities

Proficiency in English (additional languages a plus)

Willingness to travel as required

📌 AVP - Lead Liability Underwriting Insurance (Mumbai)
🏢 VRSamadhan
📍 Mumbai