Business Development Executive

Policybazaar.com; Gurugram District; On-site; INR 800,000 - 1,200,000; Full time

Job summary

A leading digital insurance marketplace in India is seeking a Business Development professional with 2-5 years of experience. Your role will focus on identifying growth opportunities, collaborating on product strategies, and engaging with key stakeholders. Strong analytical skills and excellent communication abilities are essential, and a background in the insurance or fintech industry is preferred. Join us to revolutionize general insurance in India!

Qualifications

• Proven experience in business development, product strategy, or account management within the insurance or fintech industry.
• Strong analytical and problem-solving skills focused on identifying market opportunities.
• Excellent communication and interpersonal skills for engaging diverse stakeholders.
• Ability to work collaboratively in a dynamic environment and manage multiple initiatives.

Responsibilities

• Identify growth opportunities to drive initiatives for underserved customer segments in the general insurance market.
• Collaborate to design and implement innovative product strategies aligned with market dynamics.
• Engage and foster relationships with key stakeholders to ensure successful execution of strategies.
• Monitor performance of initiatives and provide actionable insights to optimize growth.

Skills

Business development

Product strategy

Analytical skills

Interpersonal skills

Job description

PolicyBazaar.com is India's leading digital insurance marketplace and one of the most valuable insur-tech companies globally. We started our journey in 2008; in 2018 we became just the third Unicorn in India and went public in 2021.

Policybazaar is at heart a data and technology company that has revolutionized the insurance market in India. We deploy cutting edge technology, use advanced data analytics and leverage AI/ML to offer customer centric products, optimised customer journeys, and ensure superior customer experience across the insurance value chain. We have had a major influence on how protection insurance products are bought in the country and are responsible for sourcing a significant portion of the market in Term and Health insurance.

In FY25, we sourced over 23.5K Crores of Premium and have been growing at ~44% CAGR for the last five years. We have 10cr+ registered users and have provided insurance to 2cr+ people. We have an industry leading 93% market share of the online aggregator market.

Brands under the PB Fintech Umbrella: Paisabazaar.com, Policybazaar For Business, PB Partners, Policybazaar Dubai, PB Pay, Docprime.

Job Role: Business Development

Experience: 2-5 Years

Key Responsibilities

1. Identifying Growth Opportunities: Drive new initiatives by identifying underserved customer segments within the General insurance market. Develop and propose tailored product strategies to effectively address their needs and enhance market penetration.
2. Strategic Product Development: Collaborate closely with both external partners and internal teams to design and implement innovative product strategies. Ensure alignment with business objectives and adaptability to market dynamics.
3. Stakeholder Engagement: Foster strong relationships with key stakeholders, including insurers, internal departments, and customers. Act as a liaison to communicate insights, facilitate collaboration, and ensure the successful execution of product strategies.
4. Performance Monitoring and Reporting: Track and analyze the performance of new initiatives against defined metrics. Provide actionable insights and recommendations to optimize strategies and drive growth in the general insurance sector.

Qualifications

• Proven experience in business development, product strategy, or account management, ideally within the insurance or fintech industry.
• Strong analytical and problem-solving skills, with a focus on identifying market opportunities.
• Excellent communication and interpersonal skills, with the ability to engage effectively with diverse stakeholders.
• Demonstrated ability to work collaboratively in a dynamic environment and manage multiple initiatives simultaneously.

Join us at Policybazaar.com and play a pivotal role in revolutionizing general insurance in India!