Devki Parikh
Montreal,Canada
Summary
Dynamic Insurance Underwriting Professional with over 8 years of progressive, global experience in liability underwriting, risk assessment, and portfolio profitability management. Recognized for building strong strategic broker partnerships, leading diverse teams, and aligning underwriting practices with actuarial and regulatory standards. Skilled in implementing process optimization and reinsurance strategies that reduce volatility and drive sustainable business growth.
Overview
9
9
years of professional experience
Work History
Manager – Liability Underwriting
Bajaj Allianz General Insurance Co. Ltd.
Mumbai, India
11.2023 - 12.2024
- Enhanced portfolio profitability by implementing risk-based pricing models aligned with actuarial and regulatory guidelines, maintaining a 45% loss ratio and a 15% lower combined ratio vs. prior year.
- Increased client retention by 18% through stronger broker and distribution partnerships, generating higher renewal premiums.
- Spearheaded underwriting workflow automation, cutting processing time by 30%.
- Delivered industry-specific risk assessments for manufacturing, IT, Finance and infrastructure sectors improving claims defensibility and reducing disputes.
- Partnered with claims/legal teams on complex liability cases, cutting dispute resolution time and raising client satisfaction scores.
Manager – Liability Underwriting
HDFC ERGO General Insurance Co. Ltd.
Mumbai, India
11.2019 - 11.2023
- Achieved 30% YoY portfolio growth while maintaining a 40.3% loss ratio and driving a 10% improvement in combined ratio through proactive risk management.
- Expanded broker submissions and improved quote-to-bind ratio via enhanced broker training and engagement.
- Designed and implemented underwriting guidelines and rating models, aligned with reinsurance risk appetite.
- Negotiated facultative reinsurance placements for high-severity risks, mitigating portfolio volatility.
- Ensured SLA compliance with 1-day turnaround for quotes and endorsements.
- Led broker training sessions, expanding penetration in emerging coverages such as cyber liability.
- Mentored underwriting teams, promoting consistency and technical excellence.
Manager – Casualty Underwriting
TATA AIG General Insurance Co. Ltd.
Mumbai, India
06.2016 - 11.2019
- Managed nationwide underwriting for General Liability, Product Recall, Product Guarantee, and Financial Loss (PGFL) lines.
- Achieved 15% annual premium growth via targeted cross-sell strategies.
- Served as referral authority for large/complex accounts.
- Partnered with actuarial, claims, and risk engineering teams to structure competitive coverage terms.
- Conducted 50+ training programs, enhancing casualty product knowledge across sales and underwriting staff.
- Improved audit readiness to 100% compliance by standardizing documentation templates and processes.
- Streamlined policy issuance across multiple regions, cutting processing time by 25% and ensuring SLA adherence.
Education
Post Graduate Diploma - Management
Mumbai Education Trust – ICS
Mumbai01.2016
Master of Commerce -
Narsee Monjee College, University of Mumbai
Mumbai01.2015
Bachelor of Commerce -
Narsee Monjee College, University of Mumbai
Mumbai01.2013
Licentiate in General Insurance - equivalency in progress with Insurance Institute of Canada
Insurance Institute of India
Skills
- Strategic Underwriting Leadership – Casualty & Financial Lines
- Risk Assessment, Loss Prevention & Exposure Analysis
- Broker Relationship Management & Distribution Growth
- Reinsurance Negotiation (Facultative & Treaty)
- Portfolio Profitability & Actuarial Alignment
- Regulatory Compliance & Audit Readiness
- Process Optimization & Workflow Automation
- Leadership & Team Development
Websites
Languages
- English
- Hindi
- Gujarati
- Marathi
- French (Beginner)
Timeline
Manager – Liability Underwriting
Bajaj Allianz General Insurance Co. Ltd.
11.2023 - 12.2024
Manager – Liability Underwriting
HDFC ERGO General Insurance Co. Ltd.
11.2019 - 11.2023
Manager – Casualty Underwriting
TATA AIG General Insurance Co. Ltd.
06.2016 - 11.2019
Post Graduate Diploma - Management
Mumbai Education Trust – ICS
Master of Commerce -
Narsee Monjee College, University of Mumbai
Bachelor of Commerce -
Narsee Monjee College, University of Mumbai
Licentiate in General Insurance - equivalency in progress with Insurance Institute of Canada
Insurance Institute of India