Insurer Relations Manager

Riskcovry; Mumbai; On-site; INR 1,200,000 - 1,800,000; Full time

Job summary

Riskcovry in Mumbai, Maharashtra, India invites an experienced role to manage insurer relationships and translate partner requirements into customized product propositions. You will oversee service delivery and ensure compliance to IRDAI standards.

As the custodian for Bancassurance and Affinity partnerships, you will perform risk analyses, benchmarking, and coordination across product lifecycles, including renewals and claims processing, with internal teams and distribution partners.

Qualifications

• Bachelor degree in Business, Finance, Insurance or related field.
• 2–4 years of core experience in product management, underwriting, or relationship management within insurance.
• Preferred experience in Bancassurance and Affinity partnerships.

Responsibilities

• Design and customize life, health, and general insurance products for distribution partners.
• Conduct risk analyses and market benchmarking to recommend optimal solutions.
• Identify opportunities to up-sell and cross-sell to existing client and partner portfolios.
• Serve as single point of contact (SPOC) for insurer, internal sales teams, and distribution partners.
• Coordinate end-to-end product lifecycle including renewals and claims processing while ensuring regulatory compliance (IRDAI).

Skills

Insurance domain expertise

Negotiation

Analytical thinking

Communication

Education

Bachelor's degree in Business/Finance/Insurance

MBA or PGDM

Job description

Job Summary

Role Overview - This role will be the custodian of insurer relationships, ensuring that partner requirements are translated into customized product propositions, service delivery is flawless, and compliance standards are rigorously maintained.

Location: Mumbai, Maharashtra, India

Job Type: Full time

Responsibilities

• Product Proposition & Customization
  • Tailored Solutions: Collaborate closely with insurance providers to design and customize life, health, and general insurance products based on the specific needs of Riskcovry distribution partners.
  • Advisory & Risk Analysis: Conduct detailed risk analyses and market benchmarking to recommend the most optimal insurance solutions for client portfolios.
  • Portfolio Expansion: Proactively identify opportunities to up-sell and cross-sell additional or higher-value insurance products to existing client and partner portfolios.
• Partner & Client Servicing
  • Single Point of Contact: Serve as the dedicated SPOC for managing relationships between insurance companies, internal sales teams, and distribution partners.
  • End-to-End Coordination: Oversee the operational lifecycle of insurance products, including smooth renewal processing and coordinating end-to-end claims settlement.
• Pipeline Management & Compliance
  • Reporting: Maintain accurate, real-time data on sales pipelines, product performance, and partner engagement metrics.
  • Regulatory Compliance: Ensure all product structuring, communication, and distribution activities strictly adhere to industry regulatory guidelines (IRDAI) and internal compliance frameworks.

Requirements

• Education: Bachelor degree in Business, Finance, Insurance, or a related field. An MBA or PGDM is highly preferred.
• Experience: 2 to 4 years of core experience in product management, underwriting, or relationship management roles within insurance companies or insurance brokers.
• Preferred experience in managing Bancassurance and Affinity partnerships.

Technical & Soft Skills

• Insurance Domain Expertise: Deep understanding of underwriting principles, policy structures, and claims processes across Life, Health, or General Insurance.
• Negotiation & Influence: Proven ability to negotiate commercial terms, service level agreements (SLAs), and product features with senior stakeholders at insurance companies.
• Analytical Thinking: Strong problem-solving abilities with data-driven mindset to analyze risk, evaluate product performance, and spot market opportunities.
• Communication: Exceptional verbal and written communication skills to articulate complex insurance concepts clearly to both technical partners and non-insurance sales teams.

Disclaimer: This job posting has been aggregated from external source. Role details, content, and availability are subject to change. Applicants are advised to confirm the latest information directly on the company website before applying.