09 Oct
|
Wego Consultants
|
Hyderabad
09 Oct
Wego Consultants
Hyderabad
Role Summary
The Branch Manager oversees motor insurance sales through agency networks (POSPs, tied agents, brokers), driving retail/renewal premiums for two-wheeler, four-wheeler, and commercial vehicle policies. This role achieves branch targets, builds agent force, ensures IRDAI compliance, and manages operations for profitable growth.
Key Responsibilities
- Agency Recruitment & Development: Recruit 30-50 agents yearly; conduct product training on motor policies (comprehensive, zero-dep, OD-only). Achieve >20% activation rate and 3-5 policies/agent/month.
- Sales Targets & Campaigns: Meet 3-7 Cr annual gross written premium (GWP); run seasonal campaigns (monsoon renewals, festive recent bike sales). Track retail (60%) vs renewal (40%) mix.
- Performance Management:
Monitor agent productivity via CRM; conduct weekly contests and monthly reviews. Develop 2-3 MDRT qualifiers annually. Handle agent payouts and terminations.
- Customer Service & Claims: Resolve policy issuance/renewal escalations within 24 hours; coordinate motor claims (spot survey, garage tie-ups) for 90% customer satisfaction.
- Compliance & Operations: Ensure 100% IRDAI motor regulations adherence (motor tariff, add-ons like engine protect). Manage branch P&L; (8-15L budget), admin staff (3-5), and field visits (50% travel).
- Market Intelligence: Analyze competitor pricing , track branch market share, and report KPIs monthly.
📌 Branch Manager - Agency Motor insurance - Hyderabad 10 lacs
🏢 Wego Consultants
📍 Hyderabad