Overview
As a Corporate Insurance Claims Manager, your role involves overseeing the entire claims management and operations process, ensuring efficient handling of diverse insurance claims such as Marine (Transit), Property (Fire, Flood, Burglary), Employee Infidelity, and Cash/Stock Theft. Your responsibilities include:
- Managing end-to-end claims processing, including immediate response to Natural Catastrophe (Nat Cat) claims to minimize business disruption.
- Ensuring strict adherence to Key Performance Indicators (KPIs) and Turnaround Times (TAT) for claim settlements through effective liaison with surveyors, brokers, and insurance companies.
- Performing cash reconciliations and drafting comprehensive investigation reports to support claims and identify root causes of losses.
In addition to claims management, you will be involved in procurement and policy administration tasks, such as:
- Floating Requests for Quotation (RFQs), analyzing market bids, and negotiating competitive premium rates with insurers.
- Working closely with brokers to ensure active, compliant, and up-to-date insurance policies that meet current business needs.
- Reviewing the Fixed Asset Register (FAR) monthly to ensure full coverage of company assets.
Furthermore, your role will require you to handle data analysis and reporting responsibilities, including:
- Managing a robust Claims Management Information System (MIS) to track claim status, recovery rates, and pending actions.
- Analyzing claims data to prepare detailed management reports highlighting loss trends, risk exposure, and cost reduction opportunities.
You will also collaborate cross-functionally within the organization, serving as the central point of contact for insurance-related queries and ensuring efficient documentation collection for claim submissions and policy renewals.
Qualifications required for this role include:
- Master's degree in Commerce, Finance, Business Administration, or a related field.
- Professional certification from the Insurance Institute of India (III) (Licentiate, Associate, or Fellowship) is highly preferred.
- Certifications in Risk Management or General Insurance underwriting are considered advantageous.
For this position, you should ideally possess 58 years of relevant experience in Corporate Insurance, Insurance Broking, or Claims Management, with a focus on the Logistics, Supply Chain, or Transportation sector. Your technical competencies should include a strong understanding of policy wordings, claims settlement processes, and proficiency in Microsoft Excel for data handling.
Soft skills required for this role include strong negotiation abilities, attention to detail, excellent communication skills, and problem-solving capabilities to ensure optimal outcomes for the company. As a Corporate Insurance Claims Manager, your role involves overseeing the entire claims management and operations process, ensuring efficient handling of diverse insurance claims such as Marine (Transit), Property (Fire, Flood, Burglary), Employee Infidelity, and Cash/Stock Theft. Your responsibilities include:
- Managing end-to-end claims processing, including immediate response to Natural Catastrophe (Nat Cat) claims to minimize business disruption.
- Ensuring strict adherence to Key Performance Indicators (KPIs) and Turnaround Times (TAT) for claim settlements through effective liaison with surveyors, brokers, and insurance companies.
- Performing cash reconciliations and drafting comprehensive investigation reports to support claims and identify root causes of losses.
In addition to claims management, you will be involved in procurement and policy administration tasks, such as:
- Floating Requests for Quotation (RFQs), analyzing market bids, and negotiating competitive premium rates with insurers.
- Working closely with brokers to ensure active, compliant, and up-to-date insurance policies that meet current business needs.
- Reviewing the Fixed Asset Register (FAR) monthly to ensure full coverage of company assets.
Furthermore, your role will require you to handle data analysis and reporting responsibilities, including:
- Managing a robust Claims Management Information System (MIS) to track claim status, recovery rates, and pending actions.
- Analyzing claims data to prepare detailed management reports highlighting loss trends, risk exposure, and cost reduction opportunities.
You will also collaborate cross-functionally within the organization, serving as the central point of contact for insurance-related queries and ensuring efficient documentation collection for claim submissions and policy renewals.
Qualifications required for this role include:
- Master's degree in Commerce, Finance, Business Administration, or a related field.
- Professional certification from the Insurance Institute of India (III) (Licentiate, Associate, or Fellowship) is highly preferred.
- Certifications in Risk Management or General Insurance underwriting are considered adv