Global Insurance Risk Manager

Global Insurance Risk Manager – HCL (Job Profile)

· At least 15 years of stable Insurance experience with a professional insurance education background.

· Global insurer or broker (Aon, Marsh, Willis, Howden) or Large I.T. Company /Service company which has global presence at least USD 2 Bio. Customer base of this companies should be outside India.

· In depth understanding Global Liability Insurance market, deep connects with insurers and reinsurers in London , U.S. Minimum Aggregate program size of USD 200 Mio +

· Deep understanding of IT Customer Contracting practice including in depth experience of vetting customer contract, interacting with business teams to guide on insurance related contracts.

· Experience of dealing with Lawyers, Underwriters, claim managers for settlement, arbitration, mediation.

· Assisting & experience in conducting global insurance road shows.

Leading & administering of overall insurance program globally for HCL Technologies Ltd and it’s 100+ subsidiaries globally,

Working with various insurance brokers and internal HCL teams to gather & review renewal information for corporate insurance arrangements.

Lead the P&C (Property and Casualty) and Liability lines renewals including review of existing insurance program, identify gaps and monitor changes in dynamic reinsurance and insurance market.

Make recommendations for rating, wording, and insurers to Treasury Head.

Carrying out following categories of insurance activities along with insurance team

Pre-Placement activities:

Claims Management:

Manage the liability claims notification process to insurers so that the insurers have sufficient information to investigate claims and monitor the effectiveness of the insurer’s claims handling service.

Policy Administration & other Insurance related activities

Post placement making sure policies are received in timely manner.

Coordinating with HCL Taxation and Insurance team in concluding GST issues and ensuring refund of GST paid wherever legal allowed to do so after submitting required documents.

Review of policy documents, so that they are in line with coverages offered by insurer during placements. Maintaining and reviewing MIS provided by insurance brokers.

Reviewing and singing all documents such as agreement, proposal form, declarations, discharge voucher etc. Managing all documentation related to insurance program globally.

During Mergers and Acquisitions, make sure seamless transition of insurance program and advising management about run-off cover, W&I Insurance placements.

Review and negotiate contractual insurance obligations placed on the organization.

Identify new insurable risks within the Business and make recommendations for effective management of the risks.