Insurance Lead

Role & responsibilities

Insurance Strategy & Governance

• Lead the insurance strategy and governance for renewable energy assets across development, construction, commissioning and O&M.
• Establish insurance frameworks, controls and processes; review coverage gaps, exposures and adequacy.
• Ensure appropriate, cost-effective and uninterrupted insurance coverage across the portfolio

Insurance Placement & Policy Management

• Lead placement, renewal and management of CAR/EAR, OAR/IAR, Marine Cargo, Machinery Breakdown, Business Interruption/Loss of Profit, Liability, PI, D&O, Cyber and other relevant insurance covers.
• Review coverage limits, deductibles, exclusions, extensions and warranties; lead negotiations with brokers, insurers and underwriters.
• Drive portfolio-level optimisation of insurance coverage and terms

Risk Assessment & Mitigation

• Oversee periodic insurance risk assessments and gap analysis covering equipment, construction, operations, fire, natural catastrophes, machinery breakdown, marine and business interruption risks.
• Provide insurance inputs for new projects and work with Project, Engineering and O&M teams on risk mitigation and loss prevention.
• Monitor emerging risks and developments in the insurance market.

Claims Management

• Oversee major and complex claims from intimation through assessment, negotiation, settlement and recovery.
• Coordinate with insurers, brokers, surveyors/loss adjusters, legal and internal stakeholders.
• Review claims trends and loss experience and drive corrective and preventive actions.

Contractual, Lender & Regulatory Compliance

• Ensure compliance with regulatory, contractual, internal and lender-specific insurance requirements.
• Review insurance, indemnity and liability clauses across EPC, O&M, procurement and financing agreements.
• Ensure timely renewals, endorsements, certificates and lender documentation

Cost Management & Portfolio Optimisation

• Drive insurance budgeting, premium forecasting and expenditure monitoring.
• Evaluate premiums, deductibles, claims experience and coverage structures to optimise cost and risk transfer.
• Benchmark insurance terms and premiums and identify opportunities for improvement.

MIS, Reporting & Stakeholder Management

• Establish insurance MIS covering policies, premiums, renewals, claims, recoveries, risks, compliance and exposures.
• Provide periodic insurance and risk updates to senior management.
• Partner with Project, O&M, Finance, Procurement/SCM and Legal teams and manage relationships with brokers, insurers, reinsurers, surveyors and lenders.

Process Improvement & Team Leadership

• Drive digitisation, automation and continuous improvement of insurance processes.
• Establish SOPs, checklists, internal controls and documentation standards.

Lead, guide and develop the Insurance team, with accountability for placement, renewals, claims and compliance.

Preferred candidate profile

• 8 - 15 years of relevant experience, with at least 3 - 5 years in renewable energy or infrastructure.
• Deep knowledge of insurance products relevant to EPC and renewable assets
• Prior experience handling insurance for utility-scale solar, wind, or hybrid projects. (Preferred)
• Familiarity with international reinsurance markets and lender-insurance compliance. (Preferred)

Qualification and Certification Required

• Graduate/Postgraduate in Finance, Insurance, Risk Management, or a related field.
• Professional certifications (e.g., IRDAI, Associateship from III, ACII) preferred

Knowledge, Skills and Technology Platform

• Strong negotiation, analytical, and communication skills.
• Ability to work cross-functionally and manage multiple stakeholders.
• Prior experience handling insurance for utility-scale solar, wind, or hybrid projects.
• Familiarity with international reinsurance markets and lender-insurance compliance.
• Exposure to claim settlements involving equipment damage, natural catastrophes, and business interruption.