Head - Underwriting - Life Insurance

We are seeking an experienced Head of Underwriting to lead and enhance our underwriting function. The ideal candidate will have a strong background in Life Insurance underwriting, risk assessment, regulatory compliance, and business strategy. This role requires a strategic leader to drive underwriting excellence, optimize processes, and collaborate with cross-functional teams for profitable growth.

Roles and Responsibilities:

- Develop and lead the underwriting strategy, ensuring alignment with risk appetite and business objectives.

- Oversee the end-to-end underwriting process, ensuring efficiency, accuracy, and regulatory compliance.

- Assess and approve complex, high-value insurance proposals with a data-driven approach.

- Collaborate with actuarial, claims, sales, and product teams to create competitive insurance solutions.

- Ensure strict adherence to IRDAI regulations and industry best practices.

- Manage audits, liaise with regulatory bodies, and update underwriting policies as needed.

- Lead, mentor, and upskill the underwriting team, fostering a high-performance culture.

- Leverage AI-driven tools and automation to enhance underwriting accuracy and efficiency.

- Work closely with sales teams to streamline the underwriting experience for customers.

- Engage with reinsurers and external partners to strengthen risk-sharing mechanisms.

Skills and Qualifications Required:

- 10-15 years of underwriting experience, with 5+ years in Life Insurance.

- Strong expertise in life insurance underwriting, risk assessment, and policy structuring.

- In-depth knowledge of IRDAI guidelines and regulatory compliance.

- Proven leadership skills in managing teams and collaborating with stakeholders.

- Experience with data analytics, predictive modeling, and underwriting automation.

- Familiarity with underwriting software like RGA AURA, Munich Re ALLFINANZ, or similar tools.

- Excellent communication and stakeholder management skills.

- Bachelor's degree in Finance, Insurance, or Business Administration (MBA preferred).

- Certifications like LOMA, ALU, FALU, or CII are an added advantage.