Company Name: VARITE India Private Limited
About The Client:
Client is a life insurance company in India. The firm offers life insurance products targeted at individuals and groups, catering to four distinct segments: protection, children, retirement and investment plans.
Essential Job Functions:
- Lead a team of specialist/analyst/BI experts to deliver a high-impact analytics ecosystem, smart dashboards on key metrics, and business intelligence tool/model management to support strategy for identifying personas, clusters, engagement sequencing, and enabling proactive campaigns to achieve revenue growth on Renewals, Persistency, and Retaining Surrender.
- Transform data into actionable insights based on trend analysis, enabling data-led decision-making, inter-team customer policy allocation, and energetic movement for close-looping.
- Design contests based on incremental revenue on clusters at the team level while managing the cost of renewal/revival with a focus on reducing cost per policy.
- Define and own the Analytics & MIS strategy aligned with business goals, growth plans,
and regulatory requirements.
- Act as the single source of truth for business performance metrics across renewal, persistency, and retaining surrenders.
- Lead, mentor, and scale a high-performing team of analysts, MIS specialists, and BI developers.
- Drive a culture of data-driven decision-making across revenue functions in operations.
- Own analytics for renewals, persistency, lapsation, revival, and premium continuity.
- Track and improve 13M, 25M, 37M, and overall persistency metrics in line with IRDAI norms.
- Build advanced models and insights to:
- Predict lapse risk and regression models
- Identify high-value renewal clusters, heat maps, and probability metrics
- Improve revenue efficiency and customer retention rates
- Design campaigns and tracking of target-driven models
- Design contests, R&R;, and incentives for incremental growth
- Manage collection costs, increase revenue, and
📌 Lead BI Analytics and MIS (Mumbai)
🏢 VARITE
📍 Mumbai