
Principal Officer
1 week ago
Hiring for a leading Insurance company in Coimbatore
Title: Principal Officer (Insurance Broker)
Minimum Experience: 3 years
Location: Coimbatore
Salary: As per industry standards
Role Overview
The Principal Officer (PO) will be responsible for supervising and ensuring compliance in all activities of the Corporate Agent/Insurance Broker. The role demands strong regulatory knowledge, operational oversight, and effective grievance redressal, in line with IRDAI guidelines.
Key Responsibilities
- Supervise and monitor the activities of the Corporate Agent; ensure that all specified people are trained, skilled, and knowledgeable in insurance products.
- File applications for removal or addition of specified persons and Authorized Verifiers.
- Ensure strict compliance with the Code of Conduct and Corporate Agency regulations in both letter and spirit.
- Submit material disclosures, regulatory returns, and other information to the Authority in a timely manner.
- Submit annual compliance certification to the Authority, confirming adherence to all regulatory provisions.
- Oversee insurance solicitation activities and ensure all compliance requirements from specified persons (SPs) are met.
- Act as the Single Point of Contact for inspections and other compliance-related matters with the Authority.
- Verify compliance of SPs and ensure solicitation is carried out only by authorized persons.
- Ensure all customer grievances are addressed appropriately and resolved within 14 days.
Qualifications & Requirements
- Education: Bachelor's degree in any stream
Key Skills
- Strong knowledge of IRDAI regulations and insurance compliance framework.
- Leadership and supervisory skills.
- Excellent communication and reporting abilities.
- Customer grievance handling and resolution.
- Ability to coordinate effectively with regulatory authorities.
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