About Company
Founded in 2011, ReNew, is one of the largest renewable energy companies globally, with a leadership position in India. Listed on Nasdaq under the ticker RNW, ReNew develops, builds, owns, and operates utility-scale wind energy projects, utility-scale solar energy projects, utility-scale firm power projects, and distributed solar energy projects. In addition to being a major independent power producer in India, ReNew is evolving to become an end-to-end decarbonization partner providing solutions in a just and inclusive manner in the areas of clean energy, green hydrogen, value-added energy offerings through digitalisation, storage, and carbon markets that increasingly are integral to addressing climate change. With a total capacity of more than 13.4 GW (including projects in pipeline), ReNew’s solar and wind energy projects are spread across 150+ sites, with a presence spanning 18 states in India, contributing to 1.9 % of India’s power capacity. Consequently, this has helped to avoid 0.5% of India’s total carbon emissions and 1.1% India’s total power sector emissions. In the over 10 years of its operation, ReNew has generated almost 1.3 lakh jobs, directly and indirectly. ReNew has achieved market leadership in the Indian renewable energy industry against the backdrop of the Government of India’s policies to promote growth of this sector. ReNew’s current group of stockholders contains several marquee investors including CPP Investments, Abu Dhabi Investment Authority, Goldman Sachs, GEF SACEF and JERA. Its mission is to play a pivotal role in meeting India’s growing energy needs in an efficient, sustainable, and socially responsible manner. ReNew stands committed to providing clean, safe, affordable, and sustainable energy for all and has been at the forefront of leading climate action in India.
Experience :
8 to 10 years
Roles And Responsibilities:
- Assess, identify, and quantify the various risks associated with ReNew's business (and its subsidiaries) on a continuous basis.
- Design a comprehensive insurance program to ensure that all risks are covered appropriately.
- Interact with Insurance Broker for the design and placement of the insurance program.
- Co-ordinate with various internal departments to obtain the necessary information required for the placement on an ongoing basis for any changes.
- Ensure that the insurance coverage is always adequate and continues without any breaks or gap.
- Follow-up and obtain the documentation after the placement and verify that everything is in order and as per the requirement.
- Arrange for endorsement(s) as and when required for any changes in the insurance program.
- In case of any loss(es), ensure prompt reporting of the same to the Insurer / Insurance Broker, follow-up with Surveyor for survey, co-ordinate for submission of documents to the Surveyor / Insurer, negotiate with them for the early settlement of the claim(s). Further, to ensure a proper system is put in place in this regard.
- Claims management by timely action for loss minimization, analyze the actual cause of loss, recover the loss under terms of the insurance policy.
- To submit periodic MIS to the Management on the risks covered, adequacy of coverage, pending claims, etc.
- To keep abreast of the developments in Insurance market, risks cover, international sanctions, etc.
Experience :
8 to 10 years
Roles And Responsibilities:
- Assess, identify, and quantify the various risks associated with ReNew's business (and its subsidiaries) on a continuous basis.
- Design a comprehensive insurance program to ensure that all risks are covered appropriately.
- Interact with Insurance Broker for the design and placement of the insurance program.
- Co-ordinate with various internal departments to obtain the necessary information required for the placement on an ongoing basis for any changes.
- Ensure that the insurance coverage is always adequate and continues without any breaks or gap.
- Follow-up and obtain the documentation after the placement and verify that everything is in order and as per the requirement.
- Arrange for endorsement(s) as and when required for any changes in the insurance program.
- In case of any loss(es), ensure prompt reporting of the same to the Insurer / Insurance Broker, follow-up with Surveyor for survey, co-ordinate for submission of documents to the Surveyor / Insurer, negotiate with them for the early settlement of the claim(s). Further, to ensure a proper system is put in place in this regard.
- Claims management by timely action for loss minimization, analyze the actual cause of loss, recover the loss under terms of the insurance policy.
- To submit periodic MIS to the Management on the risks covered, adequacy of coverage, pending claims, etc.
- To keep abreast of the developments in Insurance market, risks cover, international sanctions, etc.
