Team Lead - Insurance

Adani Enterprises Limited; Ahmedabad District; On-site; INR 6,000,000 - 9,000,000; Full time

Job summary

Adani Enterprises Limited seeks a senior Insurance leader to oversee risk transfer, renewals, RFPs, claims, and reinsurer relationships across assets and projects. You will drive standardization of insurance processes and collaborate with the CFO and business units to safeguard the group’s portfolio.

The role requires expert risk assessment of emerging threats, strong negotiation skills, and the ability to align insurance strategy with strategic business goals across a diversified Indian

Responsibilities

• Lead the risk transfer strategy and insurance management for the group across assets and projects.
• Oversee renewal processes and ensure endorsements before assets become operational.
• Handle claims management and settlements with insurers, reinsurers, and adjusters.
• Prepare and issue RFPs for insurance needs and manage NFAs for governance compliance.
• Negotiate coverage terms and premiums with markets and brokers to optimize costs.

Job description

About Business

Adani Group: Adani Group is a diversified organisation in India comprising 10 publicly traded companies. It has created a world class logistics and utility infrastructure portfolio that has a pan-India presence. Adani Group is headquartered in Ahmedabad, in the state of Gujarat, India. Over the years, Adani Group has positioned itself to be the market leader in its logistics and energy businesses focusing on large scale infrastructure development in India with O & M practices benchmarked to global standards. With four IG rated businesses, it is the only Infrastructure Investment Grade issuer in India.

AEL Corporate Services (AEL CS): AEL Corporate Services plays a pivotal role in managing essential corporate functions such as finance, insurance, and secretarial services at a group level for all Adani business units. By centralizing these critical operations, AEL CS ensures efficiency, standardization, and strategic alignment across the conglomerate. Its expertise in risk management, governance, and financial stewardship supports the Group's dynamic growth while maintaining compliance with global standards. Through innovation and a commitment to excellence, AEL CS underpins the Adani Groups vision of sustainable value creation and nation-building.

Job Purpose

This role is responsible for leading the company's insurance activities, ensuring comprehensive coverage for the groups assets, new acquisitions, and projects. This role includes overseeing the insurance renewal process, preparing detailed Request for Proposals (RFPs), handling claims, managing relationships with local insurers and reinsurers, and ensuring compliance with insurance policies.

Responsibilities

Risk Transfer Strategy Execution & Insurance Management

• Lead the assessment of emerging global risks, including climate-related, cyber, and geopolitical risks, to ensure the groups insurance portfolio remains adaptive.
• Support the Group Head in the reinsurance procurement process for high-value and complex risks, collaborating with reinsurers to secure optimal coverage for emerging risks.
• Lead the insurance needs analysis for new assets, acquisitions, and business ventures by coordinating with business units and technical teams to assess operational risks.
• Ensure proper coverage for all new acquisitions and ventures by engaging with local insurers and reinsurers.
• Ensure timely endorsements for new assets or additional coverage needs, minimizing exposure to risk by guaranteeing that insurance is in place before assets become operational.

Comprehensive Insurance Renewal

• Lead the annual insurance renewal process for all assets and liabilities, ensuring that insurance terms are reviewed and adjusted based on changes in asset values and risk profiles.
• Collaborate with the CFO (Chief Financial Officer) and Financial Controller to ensure approval of the renewal strategy before proceeding to market, and maintain constant communication to update them on any changes.
• Engage with the market to obtain competitive renewal terms, negotiating directly with insurers and reinsurers to achieve the best possible premium rates and coverage conditions.

Request for Proposals (RFPs) Management

• Manage the preparation and issuance of Request for Proposals (RFPs) for various types of insurance, ensuring clear communication of the groups requirements to insurers.
• Lead the creation of NFAs (Notes for Approval) to ensure adherence with corporate governance standards.

Claims Management & Settlements

• Lead the claims management process, ensuring efficient assessment, documentation, and settlement in compliance with policy terms.
• Collaborate with third-party adjusters and surveyors to ensure accurate claims evaluation and timely settlement.
• Lead the development of data analytics framework for forecasting claims trends, improving decision-making, and reducing the risk of future claims.
• Lead the digitization of policy and claims documentation, ensuring all records are easily accessible and stored in a central repository.

Market Relations

• Build and maintain strong relationships with local and global insurers, reinsurers, and InsurTech companies to secure competitive quotes and favourable terms.
• Negotiate with insurance brokers to ensure alignment between the groups risk profile and available coverage.
• Actively engage with facultative reinsurers when necessary, securing reinsurance policies either through direct outreach or intermediaries to cover high-value or complex risks.

Insurance Operations & Process Standardization

• Lead the execution of standardization of insurance processes across the organization, ensuring consistency in policy procurement, claims reporting, and documentation management.
• Supervise the development and integration of standardized insurance-related forms, ensuring compliance and efficiency across business units.

Negotiation and Finalization of Insurance Policies

• Lead multi-round negotiations with insurers to finalize