Area Manager Corporate Insurance

As an Insurance Portfolio Manager, your primary responsibility will be to oversee all types of insurance policies within the company. Your key tasks will involve ensuring adequate risk coverage at optimal costs, efficient claims management, and timely renewal of insurance policies. It will be crucial for you to procure various insurance policies with sufficient coverage at the best possible cost, meeting internal customer expectations for deliverables in terms of time, cost, and service quality aligned with business objectives. You should possess a high level of proficiency in managing insurance claims, particularly PDBI claims, and demonstrate a strong technical knowledge of insurance products, coverage features, and claims processes. Your role will also involve coordinating with cross-functional teams, both internally and externally, including the Company, Subsidiaries, insurers, and surveyors. Implementing best practices in accordance with the company's guidelines will be essential, as well as ensuring compliance with various processes through internal and external audits. Additionally, you will be responsible for obtaining and compiling relevant information from different departments on insurance requirements, understanding various risks, suggesting appropriate clauses or wordings in insurance policies to mitigate risks, and securing the desired insurance coverage. Monitoring and reviewing the performance of insurers and TPAs to ensure prompt settlement of insurance claims within specified time frames will be part of your duties. Promptly addressing queries and concerns related to insurance matters and conducting knowledge-sharing sessions with colleagues from other departments on important insurance policies and the claims process will also be expected from you. To be eligible for this role, you should hold a degree as a Graduate with Associate or Fellow from the Insurance Institute of India, or an MBA/PGDBA with insurance specialization, or a BE with additional qualifications specialized in insurance.,