JOB DESCRIPTION:
Position: Business Development Reinsurance (Inward and Outward)
Role: Mid-level and Senior-level Roles
Department: Reinsurance (Facultative and Treaty)
Industry type: Insurance broker/Reinsurance /General insurance
Experience Required: 2-10 years
Location: Mumbai
Roles and Responsibilities:
– Developing business for reinsurance – treaty and facultative business for overseas regions
– Finding new market prospects and expanding the RI Book
– Responsibility to maintain a profitable RI Business Book for respective regions.
– Working overseas for placement of reinsurance and retrocession business with appropriate rated markets.
– Identification of opportunities in Property, Engineering, Marine, Aviation and Retro Protection.
– Negotiating with reinsurers worldwide for competitive reinsurance quotes.
– Analysing treaties / facultative offers with given set of statistics for better understanding of cover.
– Research on new developments for products as well as regions. Preparing statistics for the same.
– Business Networking – visiting conferences and various partners in different countries for understanding their business needs, follow up and maintaining relationships.
– Servicing client from start to end. From sourcing to placement till the settlement is complete.
– Providing support in implementation of compliance process.
Support Teams: Operations Support and Claims support teams
Must Have:
– Should have worked in the Reinsurance Space
– Must have strong domain knowledge in the Insurance & Reinsurance
– Should have experience in developing regions in the RI business
– Strong Sales acumen
– Good Communication & Presentation Skills
– Should be ok for extensive travel to expand and grow business
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