About the role
Position Name - Mid & Senior Management - Inward Facultative Reinsurance
Location - Mumbai
Experience Range - 8 - 25 years
Mandatory Requirement:
- Must be from the insurance or the insurance broking industry.
Job Roles and Responsibilities:
- Develop and execute the inward facultative reinsurance strategy aligned with the organization's overall goals.
- Identify and capitalize on growth opportunities in new and existing markets to build a robust inward facultative reinsurance portfolio.
- Drive innovation in product offerings and underwriting approaches to meet dynamic client needs
- alignment with the organization's risk appetite.
- Monitor portfolio performance, ensuring profitability while maintaining balance across regions, industries, and risk classes.
- Set pricing guidelines and risk acceptance criteria, leveraging market insights and actuarial data.
- Foster strong relationships with ceding companies, brokers, and other stakeholders to establish the organization as a preferred facultative reinsurer.
- Represent the company at industry events, conferences, and client meetings to promote brand visibility and thought leadership.
- Lead negotiations for large, complex facultative placements to ensure mutually beneficial agreements.
- Oversee the implementation of systems, tools, and processes to streamline underwriting and portfolio management.
- Review and approve high-value or complex risks proposed by the underwriting team.
- Collaborate with actuarial, claims, and risk management teams to develop solutions for unique or challenging risks.
Qualification and Experience:
- Bachelor’s or Master’s degree in Insurance, Risk Management, Finance, Business Administration, or a related field.
Other Details:
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