Lead – Insurance

Hindusthan National Glass & Industries Limited; Mumbai; On-site; INR 4,000,000 - 7,000,000; Full time

Job summary

Hindusthan National Glass & Industries Limited is seeking a Lead – Insurance to design and manage the organization's end-to-end insurance and risk transfer strategy across all plants and corporate functions. You will lead underwriting, treaty negotiations, and claims management, work with CFO and cross-functional teams, and ensure compliant, cost-effective risk coverage globally.

This is a high-visibility role at Head Office with exposure to senior leadership and stakeholders, requiring 15-20+

Qualifications

• 15-20+ years of experience in insurance and risk management.
• Experience in manufacturing, infrastructure, logistics or industrial sectors.
• Proven ability to negotiate with global reinsurers and brokers.

Responsibilities

• Design and implement the organization's insurance program covering property, liability, marine, employee benefits and project-specific risks across plants and Head Office.
• Structure reinsurance arrangements with reinsurers to optimize risk transfer and capital efficiency.
• Lead renewals, negotiations and cost optimization with brokers and insurers.
• Oversee end-to-end claims processes and ensure timely settlements with insurers and TPAs.
• Maintain a risk register and ensure regulatory compliance across domestic and international markets.

Skills

Underwriting

Treaty Negotiation

Claims Management

Risk Portfolio Analysis

Regulatory Compliance

Cross-Functional Collaboration

Education

Bachelor's degree in Insurance/Finance

Job description

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.
• 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.