Biological E - Insurance & Risk Management Role

Insurance & Risk Management Role

Description:

Purpose: To manage end-to-end insurance needs covering BEs manufacturing plants, warehouses, exports, and global operations ensuring protection of physical assets and coverage for liability exposures.

Key Responsibilities:

1. Asset-Related Policies

- Industrial All-Risk (IAR) plants, warehouses, stocks.

- Marine Cargo import/export shipments, cold chain.

- CAR/EAR construction & equipment installation projects.

- Boiler/Equipment Breakdown & Burglary coverage.

- Other miscellaneous policies

2. Liability Policies

- Product & Clinical Trials Liability global vaccine risk.

- CGL third-party injury/property claims.

- D&O board and senior management protection.

- Cyber & Environmental Liability coverage.

- Surety Bonds for tenders and exports.

- Other miscellaneous policies

3. Claims Management

- Handle fire, marine, and liability claims end-to-end.

- Coordinate with brokers, insurers, and internal teams.

Coordination:

- Internal: Finance, SCM, QA/QC, Projects, R&D, Regulatory.

- External: Brokers (Marsh, Prudent), Insurers (SBI, Tata AIG, etc.

Skills Required:

- Strong knowledge of insurance products and clauses.

- Pharma & vaccine supply chain risk understanding.

- Financial skills for premium benchmarking and claims provisioning.

- Regulatory compliance (IRDAI, RBI, FEMA).

Reporting:

- Reports to DGM-F&A