Research & Development Role - Insurance Broking Firm

Research & Development Role - Insurance Broking

Skills Required:

1. In-depth knowledge of insurance broking best practices, risk management frameworks, and regulatory requirements in India.

2. Familiarity with a wide range of insurance products and their applications in the corporate sector.

3. Strong analytical and research skills, with the ability to gather and interpret data from various sources.

4. Excellent communication and presentation skills, with the ability to effectively convey complex concepts to both technical and non-technical stakeholders.

5. Strategic thinking and problem-solving abilities to identify areas of improvement and propose innovative solutions.

6. Ability to work collaboratively across departments and build effective relationships with internal and external stakeholders.

7. Self-motivated and proactive approach to learning and staying updated on industry developments.

8. Professional certifications related to risk management, such as CRM (Certified Risk Manager), would be a plus.

Responsibilities:

Research and Analysis:

1. Stay updated with the latest trends, developments, and regulatory changes in insurance broking, risk management, and related fields.

2. Conduct comprehensive research and analysis on best practices and emerging strategies in risk management, both globally and within the Indian market.

3. Identify and evaluate potential areas of improvement in our existing risk management processes and practices.

4. Analyze competitor offerings and benchmark against industry standards to identify opportunities for differentiation.

Proposal Development:

1. Collaborate with internal stakeholders, including senior management, underwriters, sales teams, and risk management specialists, to understand their requirements and gather insights.

2. Use research findings and industry knowledge to develop proposals for enhancing our risk management services and products.

3. Propose innovative ideas and strategies to improve our risk assessment, mitigation, and advisory processes.

4. Prepare detailed reports, presentations, and recommendations for senior management, highlighting the proposed areas of improvement and associated benefits.

Relationship Management:

1. Build and maintain relationships with external partners, industry experts, and professional associations to stay updated on industry developments and best practices.

2. Collaborate with insurance providers, underwriters, and other stakeholders to understand their product offerings and identify opportunities for partnership or improvement.

3. Act as a subject matter expert and provide guidance to internal teams regarding risk management practices and industry trends.

Training and Development:

1. Conduct training sessions and workshops for internal teams to enhance their understanding of risk management principles, best practices, and emerging trends.

2. Provide guidance and support to sales teams in articulating the value proposition of our risk management services to corporate clients.

Compliance and Regulatory Awareness:

1. Stay informed about relevant laws, regulations, and guidelines related to insurance broking and risk management in India.

2. Ensure that our risk management practices, and advisory services comply with applicable legal and regulatory requirements