Insurance Executive

• Responsible for managing, all policy such as Both Life and General Insurance, Industrial All Risk Policy, Marine policy, Fire Policy, Vehicle Policy, Employee Related Policy, Factory and offices related policy, Machineries related policy, Product Liability related Policy, Personal Medical Policy, Personal Life Policy, KMP Policy
• Manage company insurance coverage ensure that the company assets are adequately insured, and insurance schedules are regularly amended for new or disposed assets
• Coordinate policy renewal i.e., collect and validate values, review policy design and work actively with management and broker to meet deliverables
• Develop relationships with insurers through proactive discussions and meetings, site visits, etc.
• Address internal queries, review deviation requests and advise on provisions in contracts, assess and analyze needs across multiple functions, etc.
• Oversee claims, act as primary contact for claims matters; manage day to day claims from incident through to final settlement
• Document insurance processes i.e., develop insurance manual, procedure guidelines and ensure all managers are aware of their responsibilities about insurance compliance through training and development
• Maintain insurance records and monitor costs, prepare insurance budgets, define cost allocations, prepare monthly accruals, and track premium billing
• Anticipate regulatory and market developments, maintain familiarity with legislation and developments in the insurance market
• Develop and manage the company’s risk Management framework by identifying risk exposures and areas for improved risk management practices
• Support Business Continuity management by participating into internal meetings to define and test framework
• Conduct regular audits to ensure compliance and operational efficiency
• Lead initiatives to improve data accuracy and integrity.
• Ensure compliance with all relevant regulations and industry standards.
• Develop and implement operational policies and procedures.
• Monitor and analyze key performance indicators to identify areas for improvement.
• Coordinate with other departments to ensure seamless operations.
• Prepare and present operational reports to senior management.
• Ensure accurate and timely processing of claims and underwriting.
• Maintain up-to-date knowledge of industry trends and regulatory changes.
• Conduct regular audits to ensure compliance and operational efficiency.
• Develop and manage risk management strategies.
• Lead initiatives to improve data accuracy and integrity.

Job Type: Full-time

Pay: ₹30,000.00 - ₹40,000.00 per month

Benefits:

• Provident Fund

Experience:

• total work: 1 year (Preferred)

Work Location: In person