- Design a comprehensive insurance program to ensure that all risks are covered appropriately. Assess, identify, and quantify the various risks associated on a continuous basis.
- Interact with Insurance Broker for the design and placement of the insurance program.
- Co-ordinate with various internal departments to obtain the necessary information required for the placement on an ongoing basis for any changes.
- Business Development - Ensure that the terms obtained on competitive basis are overall best suited for the business requirements.
- Ensure that the insurance coverage is always adequate and continues without any breaks or gap.
- Follow-up and obtain the documentation after the placement and verify that everything as per requirement.
- Arrange for endorsement(s) as and when required for any changes in the insurance program. In case of any loss(es), ensure prompt reporting of the same to the Insurer / Insurance Broker, follow-up with surveyor for survey, co-ordinate for submission of documents to the Surveyor / Insurer, negotiate with them for the early settlement of the claim(s).
Further, to ensure a proper system is put in place in this regard. Strategy Planning Claims management by timely action for loss minimization, analyze the actual cause of loss, recover the loss under terms of the insurance policy.
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