Underwriter – Marine
Function: Reinsurance and Commercial Lines
Department: Marine Underwriting
Grade: G2C
Reporting to: Lead UW – Marine
Position Description
Evaluate and underwrite marine insurance risks across cargo, hull, and liability segments. As a Marine Underwriter, you'll ensure profitable underwriting decisions by analyzing exposures, structuring policies, and collaborating with stakeholders—all while maintaining compliance with regulatory and internal standards.
Key Responsibilities
Risk Assessment & Underwriting Decisions
- Evaluate marine insurance proposals (cargo, hull, liability) based on risk parameters, historical data, and industry standards.
- Ensure underwriting decisions align with company guidelines and risk appetite.
Pricing & Policy Structuring
- Determine premium rates using actuarial inputs and market trends.
- Customize policy terms and conditions to suit client needs while maintaining profitability.
Portfolio Management
- Monitor marine portfolio performance and identify trends.
- Track loss ratios and recommend corrective actions to maintain healthy underwriting results.
Compliance & Documentation
- Ensure underwriting activities comply with IRDAI regulations and internal audit requirements.
- Maintain accurate documentation for all issued policies.
Stakeholder Coordination
- Collaborate with brokers, clients, surveyors, and internal teams for smooth policy issuance and renewals.
- Provide technical support and training to sales and operations teams.
Experience & Skills Required
Core Competencies
- Marine risk assessment and underwriting
- Policy structuring and pricing
- Portfolio monitoring and documentation
- Proficiency in MS Excel and internal systems
Behavioral Traits
- Strong communication and stakeholder engagement
- Assertiveness and decision-making ability
- Proactive and detail-oriented approach
Qualifications
- Graduation or Post-Graduation in any discipline
- Minimum 2 years of experience in marine underwriting
- No mandatory certifications required
What You Bring to Digit
You bring technical precision, market awareness, and collaborative energy—ensuring Digit's marine underwriting is competitive, compliant, and aligned with client needs.
