About the Role
The Lead – Insurance is responsible for designing and managing the organization's end-to-end insurance and risk transfer strategy across manufacturing plants and corporate operations. The role involves structuring insurance and reinsurance programs, driving cost-effective renewals, ensuring robust claims management, and building strong relationships with insurers, reinsurers and brokers, while working closely with the CFO and cross-functional teams (Legal, Procurement, Plant Finance) to align risk management with corporate financial objectives.
Key Responsibilities
1. Insurance & Reinsurance Strategy
Design and implement the organization's overall insurance program covering property, liability, marine, employee advantages and project-specific risks across plants and Head Office.
Structure reinsurance arrangements (proportional and non-proportional/facultative and treaty)
in coordination with reinsurers to optimize risk transfer and capital efficiency.
Evaluate risk portfolios periodically and recommend coverage enhancements or cost-optimization opportunities.
2. Renewals, Negotiations & Cost Optimization
Lead the annual renewal cycle for all insurance policies, negotiating with brokers and insurers/reinsurers to secure competitive terms.
Drive reduction in premium costs while maintaining or improving coverage adequacy.
Run structured RFP processes for insurance placements, ensuring layered coverage programs that balance risk retention and transfer.
3. Claims Management
Oversee end-to-end claims processes across property, liability, marine and group health/employee benefit policies.
Ensure timely, equitable claim settlements through proactive coordination with insurers, reinsurers and third-party administrators.
Track claims trends to identify loss-prevention opportunities and reduce claims frequency.
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📌 Lead – Insurance (Mumbai)
🏢 Hindusthan National Glass & Industries
📍 Mumbai
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