Motor Underwriter

Onsurity is a rapidly growing employee healthcare benefits platform that provides flexible and customised healthcare subscriptions for SMEs, start-ups, and enterprises. We believe that access to healthcare benefits shouldn’t be a luxury. It is this philosophy that has strengthened our commitment towards making healthcare affordable and accessible for all.

Our subscriptions include discounts on medicine orders, health checkups, fitness plans, free doctor teleconsultations, and insurance, among other benefits. We believe in inclusivity which means our plans are not limited to full-time employees. We also cover contractual workers, interns, freelancers, and consultants.

We encourage you to read more about us on www.onsurity.com. You can also find us on LinkedIn, Instagram, and YouTube.

Below are stories that define our journey and showcase our commitment to democratizing healthcare across the country.

1. Onsurity is providing healthcare membership to SMEs with as low as three employees 2. The Journey Of Startups: Journey Onsurity 3. Cricketer Anil Kumble backs Onsurity as strategic advisor 4. Onsurity partners with Gulf Oil to offer healthcare to 10,000 truckers 5. 83% Indian Employees Unaware Of Employer-Provided Healthcare Benefits, Says Study 6. News: Onsurity secures $45M Series B round led by Creaegis — People Matters

We were also featured in the first season of Disney+ Hotstar's remarkable series, The Great Indian Disruptors.

Our strategic partner and investor, cricketing legend Anil Kumble, is actively involved in our mission to make healthcare more accessible. Anil Kumble recently graced us with his presence at Onsurity’s Bengaluru office and engaged with our employees. He is passionate about our mission and has played an instrumental role in our journey so far.

Recently, Dun & Bradstreet India acknowledged our mission and conferred us with the Dun & Bradstreet Start-up 50 Trailblazer 2023 award.

Job Description:

We are seeking a highly analytical and experienced Motor Insurance Underwriter to join our team. The ideal candidate will be responsible for assessing, pricing, and managing the risk profile of our motor insurance portfolio using both traditional underwriting expertise and advanced data-driven techniques.

Key Responsibilities:

- Risk Assessment & Pricing: Analyze, evaluate, and assess new and renewal motor insurance proposals, determining acceptable risk levels in accordance with established underwriting guidelines and profitability targets. - Data Analysis & Modeling: Utilize analytical skills to interpret complex statistical and actuarial data to identify emerging trends and risk patterns within the motor portfolio. - Premium Calculation: Calculate and determine competitive yet profitable premiums for individual policies and schemes, often involving negotiation of terms with brokers or clients. - Portfolio Management: Monitor the performance and profitability of the motor portfolio, recommending and implementing strategic adjustments to underwriting rules and pricing models as needed. - Collaboration: Work closely with the Actuarial, Claims, and Sales teams to ensure alignment on pricing strategies, claims experience, and new product development. - Documentation & Compliance: Maintain detailed and accurate records of underwriting decisions and ensure all processes comply with regulatory and internal guidelines.

Required Qualifications and Experience:

- Experience: 3 to 5 years of progressive experience in Motor or General Insurance underwriting. - Education: Bachelor’s or Master’s degree in a quantitative field such as Finance, Mathematics, Statistics, Actuarial Science, Economics, or Business. - Core Skills: Demonstrated high-level analytical, numeracy, and statistical skills with a keen attention to detail and problem-solving ability. - Communication: Excellent verbal and written communication skills for explaining complex underwriting decisions and negotiating with stakeholders.

Preferred Skills and Knowledge:

- Data Science/Programming: Experience or strong foundational knowledge in data science principles and techniques. - Technical Tools: Proficiency in Python (or R) for data manipulation and the development of technical risk models or rating solutions is highly preferred. - Underwriting Tools: Familiarity with industry-specific pricing and underwriting software (e.g., Radar, Emblem) is a plus.