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Insurance & Risk Management - Pharma Industry
2 weeks ago
Role: Insurance & Risk Management
Job Location: Azamabad, Near RTC Cross Road, Hyderabad
Purpose:
To manage end-to-end insurance needs covering BEs manufacturing plants, warehouses, exports, and global operations ensuring protection of physical assets and coverage for liability exposures.
Key Responsibilities
Asset-Related Policies
Industrial All-Risk (IAR) plants, warehouses, stocks.
- Marine Cargo – import/export shipments, cold chain.
- CAR/EAR – construction & equipment installation projects.
- Boiler/Equipment Breakdown & Burglary coverage.
Other miscellaneous policies
Liability Policies
Product & Clinical Trials Liability – global vaccine risk.
- CGL – third-party injury/property claims.
- D&O – board and senior management protection.
- Cyber & Environmental Liability coverage.
- Surety Bonds for tenders and exports.
Other miscellaneous policies
Claims Management
Handle fire, marine, and liability claims end-to-end.
Coordinate with brokers, insurers, and internal teams.
Coordination
Internal: Finance, SCM, QA/QC, Projects, R&D, Regulatory.
- External: Brokers (Marsh, Prudent), Insurers (SBI, Tata AIG, etc.).
Skills Required
- Strong knowledge of insurance products and clauses.
- Pharma & vaccine supply chain risk understanding.
- Financial skills for premium benchmarking and claims provisioning.
- Regulatory compliance (IRDAI, RBI, FEMA).
- Negotiation and documentation expertise.