
Nitin Singh Chundawat
Marine & Liability lines Underwriter for Universal Sompo General Insurance Co. Ltd, a leading General Insurance company in... | Mumbai, Maharashtra, India
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Nitin Singh Chundawat’s Location Mumbai, Maharashtra, India
Nitin Singh Chundawat’s Expertise Marine & Liability lines Underwriter for Universal Sompo General Insurance Co. Ltd, a leading General Insurance company in India. In my current role I am responsible for Pan India Marine Cargo & Liability Lines underwriting. This includes all types of cargo (General, Bulk, Project) and Liability lines (E&O, D&O, CGL, Public liability, Product liability, Product recall) policies, negotiations and dealings with Intermediaries, Brokers, Clients and Re Insurers. My role requires strong understaing of underwriting concepts, coverage's, risk, wordings and claims. It also includes evaluation of risk, underwriting profitable policies, review loss ratios and maintain a profitable growth for the company in Marine Cargo and Liability Lines. Job Aspects: Risk analysis (Cargo Wise/Product wise), Risk Rating, Quotations for marine & liability policies such as STOP, Marine open (Inland/Import/Export), Project, Specific policies, E&O, D&O, CGL, Product Recall, Product Liability policies. Defining guidlines for regions for selection of Risk, Rating and underwriting standards. Underwrite proposal in excess of regional/Zonal/Branch authorities. Quality check for the policies Detailed study of the claims for major clients and providing inputs for loss minimization. Dealing with Direct clients, Brokers, Relationship Personal and Agents and providing solutions. Carrying out training for the marketing team, brokers and clients for Marine & Liability Products. Maintaining profitability of the line of business. Manage large risks through Facultative Re insurance Arrangements Area of Interest & Expertise: * Major : Underwriting for Liability & Marine Cargo * Minor : Underwriting for P&E and Misc lines * Fellow from III * Specialised Diploma in Marine, Fire & Health from III Having experiance of working at Branch/Zonal office and currently stationed at the company's Head office at Mumbai.
Nitin Singh Chundawat’s Current Industry Tata Aig General Insurance
Nitin
Singh Chundawat’s Prior Industry
Iffco Tokio Gic
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Iffco Tokio General Insurance
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Universal Sompo General Insurance
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Tata Aig General Insurance
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Work Experience

Tata Aig General Insurance
Chief manager - Marine
Fri Oct 01 2021 00:00:00 GMT+0000 (Coordinated Universal Time) — Present
Universal Sompo General Insurance
Manager
Sun Sep 01 2019 00:00:00 GMT+0000 (Coordinated Universal Time) — Fri Oct 01 2021 00:00:00 GMT+0000 (Coordinated Universal Time)
Universal Sompo General Insurance
Deputy Manager (Commercial Underwriting)
Wed Apr 01 2015 00:00:00 GMT+0000 (Coordinated Universal Time) — Sun Sep 01 2019 00:00:00 GMT+0000 (Coordinated Universal Time)
Iffco Tokio General Insurance
Manager (Underwriting)
Tue Apr 01 2014 00:00:00 GMT+0000 (Coordinated Universal Time) — Wed Apr 01 2015 00:00:00 GMT+0000 (Coordinated Universal Time)
Iffco Tokio Gic
Assistant Manager
Wed Jun 01 2011 00:00:00 GMT+0000 (Coordinated Universal Time) — Tue Apr 01 2014 00:00:00 GMT+0000 (Coordinated Universal Time)
Iffco Tokio Gic
Management Trainee
Tue Jun 01 2010 00:00:00 GMT+0000 (Coordinated Universal Time) — Sun May 01 2011 00:00:00 GMT+0000 (Coordinated Universal Time)