01Overview
About the Company
To drive motor insurance growth across the state by developing, managing, and nurturing strategic relationships with key Prime Partners. The incumbent will be responsible for business acquisition, partner engagement, profitability management, and execution of growth strategies to achieve premium and revenue targets.
About the Role
The role involves driving motor insurance growth through strategic partnerships, managing relationships, and executing business plans to meet targets.
Responsibilities
- Business Development & Growth
- Drive motor insurance premium growth through Prime Partners across the assigned state.
- Identify, onboard, and activate high-potential partners to expand distribution reach.
- Develop and execute state-level business plans aligned with organizational objectives.
- Achieve monthly, quarterly, and annual business targets for Motor Insurance.
- - Partner Relationship Management
- Build strong relationships with key decision-makers and stakeholders of Prime Partners.
- Act as a single point of contact for partner support, issue resolution, and business expansion.
- Conduct regular business reviews and performance discussions with partners.
- Enhance partner loyalty through consistent engagement and value-added initiatives.
- - Channel Activation & Productivity
- Ensure activation of dormant partners and increase productivity of existing partners.
- Drive product penetration, cross-sell opportunities, and business mix improvement.
- Monitor partner-wise performance and implement corrective action plans where required.
- - Training & Capability Building
- Conduct training sessions on products, underwriting guidelines, claims processes, and sales strategies.
- Support partners in improving sales effectiveness and customer experience.
- Promote digital adoption and utilization of company platforms and tools.
- - Profitability & Portfolio Management
- Monitor portfolio health, claims ratio, retention, and profitability.
- Drive profitable growth while maintaining underwriting discipline.
- Analyze market trends, competitor activities, and customer requirements to formulate growth strategies.
- - Stakeholder Management
- Collaborate with underwriting, operations, claims, and service teams to ensure seamless partner experience.
- Escalate and resolve critical partner concerns in a timely manner.
- Work closely with regional and zonal leadership on business planning and execution.
Key Performance Indicators (KPIs)
- Motor Insurance GWP Achievement
- Prime Partner Acquisition & Activation
- Partner Productivity Growth
- Renewal Retention Ratio
- Portfolio Profitability
- Business Mix Improvement
- Partner Satisfaction & Engagement
- Training and Activation Metrics
Qualifications
- Graduate/Postgraduate in Business, Marketing, or related field.
- 610+ years of experience in General Insurance, preferably Motor Insurance.
- Strong understanding of agency, broker, dealer, and alternate distribution channels.
- Proven track record in partner management and business development.
- Excellent relationship-building, negotiation, and stakeholder management skills.
- Strong analytical and business planning capabilities.
- Willingness to travel extensively across the assigned state.
Required Skills
- Strategic Thinking
- Relationship Management
- Sales & Business Development
- Team Collaboration
- Commercial Acumen
- Problem Solving
- Influencing & Negotiation Skills
- Execution Excellence
Preferred Skills
Success in this role is measured by the ability to build a robust Prime Partner ecosystem, drive sustainable motor insurance growth, improve portfolio profitability, and establish long-term strategic partnerships across the state.
