Abhishek Chetnani
Ahmedabad
Summary
Detail-oriented and proficient Underwriter with nearly 8 years of experience in risk analysis, quote formation, portfolio analysis, and streamlining underwriting processes. Expertise includes analyzing maritime industry trends and evaluating risk proposals to determine appropriate coverage levels while ensuring compliance with industry standards and regulations. A proven track record of delivering exceptional customer service, supported by strong communication skills that foster positive relationships with clients and stakeholders. Enhanced product knowledge is complemented by a Fellowship degree from the Insurance Institute of India (FIII) and a PGDM in Finance from Symbiosis Institute of International Business, Pune.
Overview
7
7
years of professional experience
1
1
Certification
Work History
Senior Manager, Underwriting
ICICI Lombard General Insurance Company Ltd
05.2022 - Current
- Currently managing marine underwriting portfolio for SME Broking, Bancassurance and Corporate channel in Gujarat zone.
- Assessing pricing of policies based on clients' claims history, engaging in negotiations to retain clients while maintaining profitability.
- Enforcing compliance with the company's underwriting technical guidelines and developing policy terms and conditions in accordance with them.
- Continuously monitoring portfolio loss ratios and claims MIS of high loss ratio (LR) clients, implementing corrective measures as necessary.
- Ensuring Timely issuance of policies & endorsements within specified turnaround times (TATs)
- Conducting quality checks on issued policies to ensure accuracy and adherence to internal and regulatory standards.
- Conducting training programs for the sales channel and producers to enhance their understanding of underwriting processes and guidelines.
- Reviewing and updating policy terms in accordance with the latest regulatory guidelines issued by the Insurance Regulatory and Development Authority (IRDA) or General Insurance Corporation (GIC).
- Foster and maintain strong relationships with existing clients, Networking with industry professionals through personalized interactions in order to establish mutually beneficial relationships and explore collaboration opportunities.
Senior Manager, Underwriting
TATA AIG General Insurance Company Ltd
04.2018 - 05.2022
- Was responsible for managing the Marine underwriting for the entire SME portfolio of Agency and Bancassurance channel in Gujarat & MP zone.
- Successfully handle and service approximately 75% of the total volume of Marine policies in the Gujarat & MP zone, showcasing strong portfolio management skills.
- Collaborated closely with major producers to establish a Business Rule Engine (BRE) setup, empowering them with competitive and standardized terms for specific commodities. This enabled the appropriate definition of PUP (Pre Underwritten Product) limits for various producers, streamlining underwriting processes.
- Worked closely with the Head Office (HO) underwriting team to ensure accurate fulfillment of coverage requirements from clients, maintaining compliance with underwriting guidelines and standards.
- Proactively suggested ways to improve profitability on a case-by-case basis, identifying opportunities for risk mitigation and enhanced underwriting outcomes.
Education
MBA - Finance
Symbiosis Institute of International Business
Pune, India01-2018
B. Tech - Electrical Engineering
Leelaben Dashrathbhai Ramdas Patel Institute of Technology And Research
01-2016
H.S.C -
Infocity Junior Science College
Gandhinagar, India01-2012
Skills
- Underwriting
- Negotiation
- Networking & Relationship management
- Strategic Thinking
- Data analytics
- Corporate communications
- Market analysis
Accomplishments
- Achieved Top Performance rating (Rating - 1) in FY 25 for consistently exceeding the performance KPIs
- Awarded ‘HIGH FLIERS’ certificate for exceptional performance in FY 24
- Received the maximum authority level at the zonal level for Policy Schedule (PSL) demonstrating expertise in underwriting and risk assessment.
Certification
Fellowship (FIII) - Insurance Institute of India
Green Belt - Lean Six Sigma Certification
Timeline
Senior Manager, Underwriting
ICICI Lombard General Insurance Company Ltd
05.2022 - Current
Senior Manager, Underwriting
TATA AIG General Insurance Company Ltd
04.2018 - 05.2022
MBA - Finance
Symbiosis Institute of International Business
B. Tech - Electrical Engineering
Leelaben Dashrathbhai Ramdas Patel Institute of Technology And Research
H.S.C -
Infocity Junior Science College
Hobbies
Travelling
Reading books
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