Insurance Manager Job in Kollam

Kollam, Kerala Full Time Date: 13 April 2024

Job description

Team Management: Leading and supervising a team of insurance agents, brokers, underwriters, and administrative staff. Providing guidance, training, and support to ensure team members meet their goals and deliver exceptional service to clients. Sales and Business Development: Developing and implementing strategies to drive sales growth and expand the organization's insurance business. Setting sales targets, identifying new business opportunities, and nurturing relationships with clients, partners, and stakeholders. Client Relationship Management: Building and maintaining strong relationships with clients, understanding their insurance needs, and providing personalized advice and solutions. Ensuring client satisfaction, retention, and loyalty through proactive communication and superior service. Policy Administration: Overseeing the administration of insurance policies, including policy issuance, endorsements, renewals, and cancellations. Ensuring compliance with regulatory requirements, underwriting guidelines, and industry standards. Risk Assessment and Underwriting: Collaborating with underwriters and risk management professionals to assess insurance risks, evaluate applications, and determine appropriate coverage and premiums. Reviewing policy terms and conditions to ensure accuracy and clarity. Claims Management: Managing the claims process and assisting clients in filing and resolving insurance claims efficiently. Investigating claim disputes, coordinating with adjusters and legal counsel, and facilitating claim settlements to achieve timely resolution. Product Development: Monitoring market trends, competitor offerings, and customer feedback to identify opportunities for new insurance products or enhancements to existing products. Working with product development teams to conceptualize, design, and launch innovative insurance solutions. Compliance and Regulatory Compliance: Ensuring compliance with insurance regulations, licensing requirements, and industry best practices. Keeping abreast of legislative changes, regulatory updates, and compliance obligations to mitigate legal and regulatory risks. Financial Management: Managing insurance budgets, expenses, and financial performance metrics to optimize profitability and operational efficiency. Analyzing financial reports, forecasting revenues and expenses, and making strategic decisions to achieve financial objectives. Marketing and Promotion: Developing marketing strategies and promotional campaigns to increase brand awareness, attract new clients, and retain existing clients. Leveraging various channels, including digital marketing, advertising, events, and sponsorships, to reach target audiences. Technology Integration: Leveraging technology solutions, such as insurance software, CRM systems, and digital platforms, to streamline insurance operations, enhance customer experiences, and drive business growth. Implementing automation and digitization initiatives to improve efficiency and productivity. Professional Development: Engaging in continuous learning, professional development, and industry certifications to stay updated with insurance industry trends, best practices, and emerging technologies. Networking with industry peers, attending conferences, and participating in training programs to enhance skills and knowledge.