Sushant Kharat, Claims  Management

Sushant Kharat

Claims Management

Enaya Insurance Co.

Location
Kuwait - Al Kuwait
Education
Bachelor's degree, Commerce
Experience
22 years, 4 Months

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Work Experience

Total years of experience :22 years, 4 Months

Claims Management at Enaya Insurance Co.
  • Kuwait - Al Kuwait
  • My current job since February 2014

Fire and General Accident, Marine, Contracting and Engineering etc. Claims:

Handling day to day operational activities of the FGA department as per the company’s norms, guidelines, policy contract and process with the support of SLA (Service Level Agreement).

Innovating and Supervising the departmental new plans and ideas to implement and to achieve objectives for the company policies and procedure.

Handling and implementing the new process of departmental work complying with the policy terms and conditions of the company and the governmental rules and regulations.

Maintaining the departmental standard as per the multinational norms to run the department on unique level.

Managing the cost control of the incurred claims by proper negotiations, controlling the loss ratio and proper allocation on the departmental budget.

Managing and supervising the technical and operational activities of the non-motor departments

Assessment and Analyze insured locations by the underwriting department

Support to the Underwriting Department in respect of the risk management by carrying out the pre-risk survey

Review of all policies terms, conditions and warranties to check whether the risk has been adequately insured as per the policy procedures.

Evaluating all types of insurance claims validity, assessing the damages, carrying out the surveys, determining the policy liability and processing the approved claim with the RI notifications and approval. Also working in coordination with Compliance Department for identifying and ensuring that the claims has been correctly and adequately measured and the chances of the fraudulent claims have been verified efficiently

Performing review of compliance department’s report with respect to fraudulent activities

Claims Notification to the RI participant as per their share distribution by reviewing the policy contract

Review the system data on weekly basis for the newly incurred claims.

Monthly review on the claims to review and analyze that the reserve amounts have been maintained effectively

Handling the out dating meeting with the team members on monthly basis to understand their issue related to the work and their achievement plans.

Discussing on the objectives of each team member on quarterly basis.

Managing and giving the chance to each team chance to improve their work activities and self-confidence.

Handling proper allocation of task as per the yearly action plan of each member’s strength

Managing the customer’s feedback the departmental work, issues and queries

Facilitating internal & external customers on a range of risk management and insurance activities while dealing with general queries on policies and processes

Maintaining a record of offenders; preparing daily reports by identifying claim cost savings and improving/ fixing the policy compliance issues

Managing FGA, marine & miscellaneous claims as well as WC & life claims; coordinating with customer to get relevant supporting documents related to claims

Monitoring claims; conducting pre-risk surveys as well as investigating the fraudulent and theft claims

Extending support in preparing survey reports, claim recovery statement and the letter of reserve

Working in coordination with an Underwriter; verifying the insurance policy terms, conditions and warranties

Group Life, WC & Medical Claims:

Handling day to day operational activities of the Group Life, WC and Medical claims

Dealing and liaising with the all Takaful departments during the assessment of the claims.

Communicating with the TPA in respect of the approval and rejection parts of the medical claims.

Manage to collect all the relevant data from the Insured in respect of the group life and workmen compensation claims

Liaising with the RI in respect of the approval as per their share allocation.

Motor Claims:

Handled all motor Surveys and Pre-risk Surveys

Liaised with the Agency Garage in respect of the estimation and work order

Sr. Claims Officer at Zurich Insurance Middle East, Kuwait
  • Kuwait - Al Kuwait
  • February 2013 to January 2014

 Handling all types of contracting and errection all risks Claims
 Handling FGA, marine and miscellaneous claims
 Handling WC & Life Claims
 Dealing with the motor claims and surveys
 Preparing the list of the documents which may require to progress the claim
 Dealing with the customer to arrange to provide us the all relevant supporting documents of the claims
 Handling the claims and pre risk surveys
 Investigation on the fraudulent and theft claims
 Preparing the survey reports
 Preparing the Claim Recovery statement and the Letter of Reserve
 Loss Adjustment and assessment
 Dealing with an Underwriter in respect of the policy
 Verification/scrutiny of the insurance policy terms, conditions and warranties

Loss Adjuster & Insurance Surveyor at Cunningham Lindsey Middle East Limited
  • Kuwait - Al Kuwait
  • February 2007 to February 2013

 Handling all types of FGA, marine and contracting claims
 Handling Motor claims and surveys
 Handling all types of pre risk and valuation surveys
 Preparation of the survey reports
 Dealing with an Underwriter, in respect of the insurance policy
 Verification of the insurance policy terms, conditions and warranties
Insurance Companies.

Senior Executive - Claims & Underwriting at Bajaj Allianz General Insurance Co.
  • India - Mumbai
  • January 2002 to January 2007

 Comply as a Floor Manager and Team Leader
 Allocation of the work to the Team Members
 Dealing with the Customer and the Claims Department
 Dealing with the Sales Team
 Worked under Lean Six Sigma Project
 Policy Verification.
 Policy Signature and Distribution
 Preparation of daily report

Education

Bachelor's degree, Commerce
  • at Mumbai University
  • June 2001

First Class

Specialties & Skills

Inspection
Inventory Valuation
Claims Management
Loss Prevention
Risk Management
Loss Adjustment and Risk Inspection
Insurance Product
Communication skill
Report writing
Managerial skill
Claims Management
Green Belt
Negotiation
Leadership skill

Languages

English
Expert
Arabic
Expert
Gujarati
Expert
Hindi
Expert
Marathi
Expert

Memberships

The George Washington University
  • Risk Management
  • May 2015

Training and Certifications

Six Sigma Lean Green Belt (Certificate)
Date Attended:
January 2015
Valid Until:
November 2015
AIII (Associates) (Certificate)
Date Attended:
December 2016
Valid Until:
April 2025
Risk Management (Certificate)
Date Attended:
May 2015
Valid Until:
May 2016

Hobbies

  • Reading, Cricket and Traveling