Royal Cover (Analah Insurance Broking Pvt Ltd)

Position Overview: Seeking dynamic and strategic Product Managers to lead and manage Insurance Partner. The role aims to expand product offerings, enhance distribution networks, and drive sales growth through brokers and wealth managers. Key Responsibilities Partnership Development Identify and evaluate potential partnerships with Insurance providers. Sales and Network Expansion Collaborate with brokers and wealth managers to drive sales and expand product distribution. Onboard new brokers and clients through Analah- RoyalCover B2B2C team with presentations, webinars, and client engagements. Work closely with groups 8,000+ distribution partners and empanel them become point of sales Create ecosystem by training and webinars to create new point of sales Negotiation and Agreement Management Lead pricing negotiations and secure agreements with Insurance providers. Ensure all agreements comply with regulatory standards and align with business objectives. Product Integration and Onboarding Oversee the seamless integration of new products into distribution platforms. Collaborate with internal teams to ensure operational readiness. Relationship Management Build and nurture relationships with Insurance Companies {Health, Life and General Insurance}, brokers and wealth Managers. Serve as the primary contact for partnership-related activities. Strategic Planning and Market Analysis Conduct comprehensive market research to identify emerging trends in insurance preferences, focusing on consumer behaviour and competitor analysis. Develop targeted strategies to enhance distribution capabilities, leveraging technology and partnerships, while diversifying product offerings to meet evolving customer needs and increase market share in a competitive landscape. Performance Monitoring Track product and partnership performance against key objectives. Provide detailed insights and reports to senior management. Compliance and Regulatory Adherence Ensure all activities adhere to IRDAI Guidelines and other relevant regulations. Stay updated on regulatory changes and assess their impact on partnerships. Qualifications & Skills Education: Bachelor's degree in business, statistics, economics, technology, Finance, MBA or another related field. Experience Minimum of 3-5 years in product management, business development, or partnership management within financial services, focusing on Insurance. Expertise in Indias financial and Insurance product distribution channels. Skills Strong analytical and negotiation abilities. Proven track record of driving sales growth and managing relationships. Excellent communication and presentation capabilities. Familiarity with IRDAI regulations and compliance standards. Leadership experience in managing cross-functional teams and projects.