Business Head - TPP Insurance

Role & responsibilities

• Effectively managing Insurance / Third-Party products (TPP) in an efficient and compliant way
• Delivery on the Fee Income plan for the year
• Ensure timely resolution of any customer issues faced on Third Party Products
• Ensuring timely resolution of claims, thereby contributing to the company P&L. Formulate comprehensive strategies to enhance the penetration of insurance products within our customer base.
• Oversee analysis of market trends, competitor activities, and regulatory changes to identify growth opportunities and mitigate risks.
• Develop and implement plans to expand the insurance business footprint nationally, ensuring alignment with the overall business objectives of the NBFC.
• Establish and nurture partnerships with insurance providers, brokers, and other relevant stakeholders to enhance product offerings and distribution channels.
• Drive revenue growth through effective sales and distribution strategies, focusing on both traditional and digital channels.
• Ensure compliance with regulatory requirements and internal policies governing the sale and servicing of insurance products.
• Oversee implementation of robust risk management practices to safeguard the interests of the company and its stakeholders.
• Champion customer-centricity by understanding the evolving needs and preferences of our target audience and delivering solutions that add value.
• Establish mechanisms for gathering feedback and insights from customers to enhance product offerings and service delivery.

Preferred candidate profile

Minimum- 20 years in Banking/Insurance

Relevant- 11-12 years in BFSI