Krishi Care & Management Services Pvt Ltd - AVP - Underwriting & Claims

AVP with Krishi Care ( ISO Certified )

Location : Jogehweri - Mumbai

Underwriting :

- To design index based crop insurance products (WBCIS, MNAIS, PMFBY, Retail products etc) as per scale of finance (approved loan amount by the banks/ technical committee per unit area for the crop in the state).

- Risk assessment, risk analysis (Burning cost method), risk mapping and risk underwriting on the basis of historical data and guidelines.

- Profiling states and districts on the basis of acreage, major crops cultivated, risk exposure, business potential and claim experience.

- Selection of potential districts (clusters) on the basis of risk exposure, potential, claim history, secondary research and management's strategy.

- Competitor's research on their strengths, their underwriting strategy and their products analysis during tender submission and after notifications.

- To file and archive documents with respect to tendering and notifications of the states.

- To finalize tools used for risk assessment and MIS with respect to notification and states.

- To complete necessary activities and requirements for the implementation of schemes in the notified states.

- Prepare and provide MIS reports and data to the re-insurers as per requirements and queries.

- To archive historical data purchased from the agencies and update it with the recent year data to be used in RA Tools -for pricing.

- Manage costing and payments of vendors with respect to data.

- Prepare presentations for management reviews, corporate clients and trainings on product.

- Support automation and enhancement of process with respect to our product.

- Support internal and external audit team with respect to our product.

- Monitoring meteorological forecast in the notified states and update to the management.

- To conceptualize and design underwriting technique and process for new products.

- To co-ordinate with different stakeholders i.e. internal and external regarding historical data.

- To assess mid season product performance of the notified states as per the risk period completed.

- To train new members on product, RA Tool, process and IT systems with respect to product.

Claim :

- To supervise data management for claim processing and as per the guidelines.

- Ensure compliance of claim calculation and claim settlement process as per the guidelines and process approved by process advisory committee (PAC).

- To manage correspondences with the government and stakeholders with respect to claim process and settlement.

- To manage timely reserve calculation and creation in the claim reserving system for policies as per the risk period completed.

- Supervise timely calculation of claims, processing in system, fund management and settlement of policy wise claims.

- To address queries with respect to data, claim calculation and system constraints with respect to claim settlements.

- Manage MIS and reporting with respect to claim calculation and claim settlement.

- Manage reports and updates to be provided to stakeholders with respect to claims.

- To improve claims process by designing new methodology and improvements in the process.

- Train new members with respect to claim calculation, processes involved, IT systems involved and reporting.

- Support internal and external audit teams with respect to claim processing and its settlement.

Interested candidates can apply here or contact at 7039024668