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Corporate Insurance Director

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Insurance Leadership Role

This leadership position is designed for professionals who wish to excel in the insurance industry. The ideal candidate will possess strong leadership skills and a thorough understanding of insurance compliance regulations.

The role involves overseeing the activities of the corporate agent, ensuring that all personnel are adequately trained and knowledgeable about insurance products.

Key Responsibilities:

  • Supervise and monitor the activities of the corporate agent, ensuring strict compliance with regulatory requirements.
  • File applications for removal or addition of specified persons and authorized verifiers.
  • Ensure timely submission of material disclosures, regulatory returns, and other information to the relevant authorities.
  • Act as the single point of contact for inspections and other compliance-related matters.

Qualifications & Requirements:

  • Education: Bachelor's degree in any field (MBA or professional qualifications preferred).
  • Training & Certification:

50 hours of training + passing the prescribed IRDAI exam (if not holding a professional qualification).

25 hours of training + exam for recognized professionals.

Certification valid for 3 years.

  • Must fulfill additional regulatory requirements such as minimum capital, deposits, professional indemnity insurance, infrastructure, staffing, and fit & proper declaration.

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.