Senior Manager - Insurance

Job Title: Insurance Manager

Reporting To

Head – Administration

Job Summary

The Project Insurance, Marine Insurance & WC Manager will be responsible for managing and administering all aspects of insurance policies related to projects, marine transit, and workmen’s compensation. This role ensures that appropriate insurance coverage is maintained, claims are handled efficiently, and compliance with local and international laws and corporate standards is ensured.

Key Responsibilities

• Insurance Strategy & Management
  

Develop, implement, and monitor insurance strategies across project lifecycles.
Ensure adequate and cost-effective coverage for construction/all-risk, project-specific insurance, marine cargo, and workmen's compensation policies.Evaluate risk exposure and recommend insurance solutions accordingly.

• Marine Insurance
  

Manage marine cargo insurance including inland and international shipments.
Coordinate with logistics, procurement, and shipping teams to ensure timely and correct coverage.Handle claims arising from transit losses or damages.

• Workmen’s Compensation (WC)
  

Ensure appropriate WC coverage is in place across sites.
Liaise with HR and contractors to verify WC compliance for employees and subcontracted labor.Process WC claims and liaise with insurers for speedy settlements.

• Project Insurance (CAR/EAR/DSU etc.)
  

Oversee procurement and renewal of Contractor’s All Risk (CAR), Erection All Risk (EAR), Delay in Start-Up (DSU), and other project-related policies.
Ensure that all stakeholders (vendors, subcontractors) are appropriately covered or indemnified.

• Claims Management
  

Coordinate and manage claims including documentation, negotiations, and settlements.
Serve as the liaison between internal stakeholders and insurers/loss adjusters.Maintain a database of all claims and regularly update management on their status.

• Compliance & Reporting
  

Ensure all insurance policies comply with statutory, legal, and contractual requirements.Maintain accurate and up-to-date records of insurance policies and claims.Generate periodic reports for senior management on insurance status, exposures, and claims.

Qualifications And Experience

Bachelor’s degree in Commerce, Insurance, Risk Management, or related field. MBA preferred.Professional certification in Insurance (e.g., FIII, ACII) is desirable.8–12 years of experience in insurance management, especially in infrastructure, EPC, or logistics sectors.In-depth knowledge of project insurance (CAR/EAR), marine insurance, and WC regulations.

Skills Required

Strong analytical and negotiation skills.Knowledge of contract terms and insurance clauses.Familiarity with local and international insurance laws and practices.Excellent interpersonal and communication skills.Proficient in MS Office and insurance claim management systems.

Key Interfaces

Insurance Brokers and UnderwritersProject Managers and Site HeadsLegal and Compliance TeamsHR and Procurement DepartmentsContractors and Vendors