Lead Insurance

Hindusthan National Glass & Industries Limited; Mumbai; On-site; INR 3,500,000 - 5,500,000; Full time

Job summary

Hindusthan National Glass & Industries Limited in Mumbai invites an accomplished Lead Insurance to design and manage end-to-end insurance and risk transfer strategies across plants and corporate offices.

You will lead brokerage and insurer relationships, structure reinsurance programs, drive cost-effective renewals, oversee claims, and ensure regulatory compliance while aligning risk with financial objectives.

Qualifications

• 15-20+ years of experience in insurance and risk management in manufacturing or related sectors.
• Expertise in underwriting, treaty and facultative reinsurance negotiations, and claims management.
• Experience engaging with global reinsurers and brokers to secure terms and reduce premium costs.
• Strong understanding of primary insurance and reinsurance dynamics in domestic and international markets.

Responsibilities

• Design and manage the organization's insurance and risk transfer strategy across plants and Head Office.
• Structure reinsurance arrangements (proportional and non-proportional) to optimize risk transfer and capital efficiency.
• Oversee renewals, negotiations and cost optimization with brokers and insurers/reinsurers.
• Lead end-to-end claims processes across policy areas and coordinate with insurers and TPAs.
• Maintain a risk register and ensure regulatory compliance across domestic and international regimes.
• Liaise with Legal and Procurement to align contracts with risk framework.

Skills

Reinsurance Negotiation

Risk Portfolio Analysis

Claims Management

Broker & Reinsurer Relationship

Regulatory Compliance

Cross-Functional Collaboration

Job description

Position: Lead Insurance

Industry: Container Glass Manufacturing

Location: Head Office, Mumbai

Reports to: Chief Finance Officer (CFO)

About the Role

The Lead Insurance is responsible for designing and managing the organization's end-to-end insurance and risk transfer strategy across manufacturing plants and corporate operations. The role involves structuring insurance and reinsurance programs, driving cost-effective renewals, ensuring robust claims management, and building strong relationships with insurers, reinsurers and brokers, while working closely with the CFO and cross-functional teams (Legal, Procurement, Plant Finance) to align risk management with corporate financial objectives.

Key Responsibilities

1. Insurance & Reinsurance Strategy
   • Design and implement the organization's overall insurance program covering property, liability, marine, employee benefits and project-specific risks across plants and Head Office.
   • Structure reinsurance arrangements (proportional and non-proportional/facultative and treaty) in coordination with reinsurers to optimize risk transfer and capital efficiency.
   • Evaluate risk portfolios periodically and recommend coverage enhancements or cost-optimization opportunities.
2. Renewals, Negotiations & Cost Optimization
   • Lead the annual renewal cycle for all insurance policies, negotiating with brokers and insurers/reinsurers to secure competitive terms.
   • Drive reduction in premium costs while maintaining or improving coverage adequacy.
   • Run structured RFP processes for insurance placements, ensuring layered coverage programs that balance risk retention and transfer.
3. Claims Management
   • Oversee end-to-end claims processes across property, liability, marine and group health/employee benefit policies.
   • Ensure timely, equitable claim settlements through proactive coordination with insurers, reinsurers and third-party administrators.
   • Track claims trends to identify loss-prevention opportunities and reduce claims frequency.
4. Risk Portfolio & Compliance
   • Maintain an updated risk register across plants and Head Office, ensuring adequate and current coverage at all times.
   • Ensure compliance with applicable domestic and international insurance/reinsurance regulations and documentation standards.
   • Liaise with Legal and Procurement teams to align insurance clauses in vendor and project contracts with the overall risk framework.
5. Stakeholder & Cross-Functional Engagement
   • Act as the primary point of contact for insurers, reinsurers and brokers, building long-term strategic relationships.
   • Partner with Plant Finance Controllers and Regional/Plant Heads to ensure ground-level risk exposures are captured and insured appropriately.
   • Provide periodic reporting and risk/insurance updates to the CFO and senior leadership.

Candidate Profile

• 15-20+ years of experience in insurance and risk management, preferably in manufacturing, infrastructure, logistics or industrial sectors.
• Strong expertise in underwriting, treaty and facultative reinsurance negotiations, and claims management.
• Proven track record of engaging with global reinsurers and brokers to secure competitive terms and reduce premium costs.
• Sound understanding of primary insurance and reinsurance dynamics in domestic and global markets.
• Competencies required: Reinsurance Strategy & Treaty Negotiation, Risk Portfolio Analysis, Claims Management, Broker & Reinsurer Relationship Management, Regulatory Compliance, Cross-Functional Collaboration.

What We Offer

• High-visibility Head Office role with direct exposure to the CFO and senior leadership.Opportunity to build and lead the insurance and risk management function for a diversified manufacturing organization.
• Competitive compensation aligned with experience and performance.