About the role
To lead the Risk Engineering function, providing technical expertise and strategic guidance for risk assessment, loss prevention, and underwriting support across commercial and specialty lines. The role ensures robust risk evaluation frameworks, compliance with regulatory standards, and alignment with Universal Sompo's underwriting philosophy to optimize portfolio quality and profitability.
Role & responsibilities
Risk Assessment & Advisory
- Develop and implement risk engineering strategies for commercial, industrial, and specialty insurance segments.
- Conduct technical risk surveys, site inspections, and hazard evaluations for high-value and complex risks.
- Provide risk improvement recommendations to clients and collaborate with underwriting teams for pricing and coverage decisions.
- Establish risk grading models and integrate them into underwriting guidelines.
Underwriting Support
- Partner with underwriters to assess risk exposure, recommend terms, and validate adequacy of risk mitigation measures.
- Contribute to product development by embedding risk engineering insights into policy wordings, endorsements, and pricing models.
- Support reinsurance negotiations with technical risk data and loss prevention strategies.
Loss Prevention & Client Engagement
- Design and deliver loss control programs for corporate clients, focusing on fire safety, natural catastrophe resilience, and operational risk.
- Conduct training sessions for clients and internal teams on risk management best practices.
Governance & Compliance
- Ensure adherence to IRDAI guidelines, internal risk frameworks, and global best practices.
- Maintain documentation for audits and regulatory reporting.
Team Leadership
- Build and lead a team of risk engineers; drive capability development and knowledge sharing.
- Foster a culture of technical excellence and continuous improvement.
Key Skills & Competencies
- Strong knowledge of risk engineering principles, industrial safety standards, and loss prevention techniques.
- Expertise in property, engineering, and liability risk assessments.
- Familiarity with insurance underwriting processes, pricing models, and regulatory norms.
- Analytical ability to interpret technical data and translate into actionable insights.
- Excellent stakeholder management and communication skills.
Qualifications & Experience
- Graduation or Post Graduation.
- 15+ years of experience in risk engineering, underwriting support, or loss control within general insurance.
- Exposure to commercial lines (Fire, Engineering, Marine, Liability) and risk survey practices.
- Certifications in risk management, safety, or loss prevention will be an advantage.
