Group Insurance Manager
Group Company Gulf
Total years of experience :18 years, 7 Months
Group Company in the Gulf
Designation: Group Insurance Manager
Profile: Handling all insurance matters for the group consisting of more than 20 companies in the diversified sectors such as Hospitality, manufacturing, trading, contracting, Marine, Airline, Engineering, Service. etc
Responsibility: Securing appropriate insurance cover as per the exposed risk of the group company. Analyzing risk exposed and financing appropriately. Reviewing the insurance documents including terms, conditions, extensions and exclusion and make sure cover is according to the requirement to safeguard the interest of the company. Bridging up of cover gaps wherever required. Completing yearly renewal activity on professional tracked way. Negotiating with insurer or broker for better terms. Implementation of internal insurance process and procedure. Claims process of all lines of insurance policy. Contracts review and appropriate advice on insurance and liability wording. Control and performing all day today insurance activity.
Designation: Insurance Specialist
Profile: Providing insurance technical support to clients on all matters relating to underwriting, risk management, contractual obligations, claims recovery. Closely working with management team to ensure all exposed risks are well within the coverage limit. Setting up internal insurance process & procedures. Introducing, implementing & Managing of insurance programs (Basically Aviation & CIP’s for construction projects) and Liability lines for professional service entities.
Responsibility: Will take care all day to day activities related to insurance, risk analysis, risk mitigation, risk retention, updating risk register, conducting risk awareness program, claims reporting, loss inspection, claims recovery, contractual review, advise on insurance contracts wording, conducting effectively insurance policy annual renewal, cost benefit analysis, negotiation of insurance wording and pricing with insurance provider.
Reported to: Managing Director
Organizational Experience
Transguard Group L.L.C - Dubai, UAE
Designation - Insurance Officer
Profile - Providing insurance technical support to Management on matters
relating to underwriting, risk management, contractual obligations,
claims recovery and insurance administration.
Achievements - Good exposure and deep knowledge to handle corporate insurance
requirements in all point of view, as personally have set out the process and procedures for insurance functions
Period - Oct 2010 till Oct 2013
Reported to - Head of Decision Support
Job Description in detail - As mentioned below
Risk Management
Conducting risk inspections, preparation of risk reports, maintaining and updating risk register including the suggestion of the mitigation actions required for the exposed risks
Conducting airside risks and maintained separately
Evaluate risks and exposures emanating under Contracts for the purpose of drafting and negotiating appropriate insurance clauses under contracts with external parties.
Claims Handling
Underwriting
Policy administration
o Aviation Liability
o Aviation equipment policy
o Airside Motor Fleet cover
o Comprehensive Public Liability
o Professional Indemnity
o Workman’s Compensation
o Fidelity Guaranty
o Money Insurance
o Cash In Transit
o Marine Cover
o Property All Risk
o Health Insurance (BUPA)
o Contractor All Risk
o Contractors Plant and Machinery
o Machinery Breakdown
o Travel Insurance
o Motor Fleet
o Event Liability
Designation: Insurance Coordinator
Profile: Handling entire corporate insurance portfolio. Inviting insurance tenders, comparison of rates and negotiating for the appropriate premium. Evaluation of policy wordings, insurance clauses and exclusions. Supporting risk analysis process of the organization. Maintain master database of premium paid and claims Timely renewal of assigned insurance policies, Claims reporting, coordinating for survey, regular follow up for claims settlements.
Achievements: Expert and strong knowledge of A to Z process and procedures of an organizational insurance portfolio in terms of Marine and Liability, however, achieved handsome experience to handle all other lines of risk cover as well.
Period: Dec 2009 till Sep 2010
Highlights
Handing underwriting and claims of all corporate insurance policies
Implementing insurance program and managing CCIP
Thorough understanding of construction project insurance programs
Handsome experience and expertise in insurance policy renewal management
Coordinating for survey and claims reporting
Team management
Monitoring team performance with KPI
Designation: Business Development Manager (Kerala)
Profile: Handling Kerala for Corporate clients and sub brokers. Providing service to corporate all requirement of risk cover. Have worked for airline company to provide service for aviation line of insurance, also for Construction main contractors for CIP. Mainly Insurance quotations, initial underwriting, evaluation of policy wordings, claims follow up with insurance company. Coordination with insurance company to get the best deal for corporate clients. Servicing corporate for insurance deal and claim settlements. Direct relationship with corporate and handling team of senior relationship managers.
Products: General Insurance Corporate multilane products.
Period: Aug 2007 till Dec 2009
Reported to: Regional Head
Highlights
Promoting insurance solutions for Corporate
Was active member of insurance advisory group of Construction projects in Kerala
Closely worked with corporate for risk analysis and insurance advice
Have received award for outstanding performance of Contractors All Risk (CAR) policy accusation
Business development
Team management
Designation: Senior Relationship Manager
Profile: Direct handling of corporate clients and recruitment of agents for retail business, Training & motivating agents. Budgeting and achieving targeted figure
through corporate clients, brokers and Agents. Monitoring and developing relationship officers.
Products: All corporate general insurance products.
Period: Sep 2005 to Aug 2007
Highlights
Corporate insurance exposure
Targeting segment wise risks by working closely with insurance broker
Promoting liability specialised segments
Focussing on assigned area (Such as Island, Free zone marine companies, companies associated with ports) for business volume and to increase profitability
Successfully achieved targeted market share and profitability
Providing underwriting support for corporate and broking house
Team management
Team performance management and target achievement
Bsc Mathamatics