Insurance Product Manager

Analah Overview

Analah is a global investment platform specializing in Private Equity, Mutual Funds, PMS, AIF, Insurance, Real Estate products. We are seeking a Wealth Relationship Manager to manage relationships with distributors, family offices, and high-net-worth individuals (HNIs) by providing personalized investment strategies.

Job Title: Product Manager -Insurance

Location: Mumbai

Number of Position: 5

Job Type: Full-Time

Reports to: Chief Executive Office

Position Overview: Seeking dynamic and strategic Product Managers to lead and manage Insurance Partner. The role aims to expand product offerings, enhance distribution networks, and drive sales growth through brokers and wealth managers.

Key Responsibilities

Partnership Development

Identify and evaluate potential partnerships with Insurance providers.

Sales and Network Expansion

• Collaborate with brokers and wealth managers to drive sales and expand product distribution.
• Onboard new brokers and clients through Analah- RoyalCover B2B2C team with presentations, webinars, and client engagements.
• Work closely with groups 8,000+ distribution partners and empanel them become point of sales
• Create ecosystem by training and webinars to create new point of sales

Negotiation and Agreement Management

• Lead pricing negotiations and secure agreements with Insurance providers.
• Ensure all agreements comply with regulatory standards and align with business objectives.

Product Integration and Onboarding

• Oversee the seamless integration of new products into distribution platforms.
• Collaborate with internal teams to ensure operational readiness.

Relationship Management

• Build and nurture relationships with Insurance Companies {Health, Life and General Insurance}, brokers and wealth Managers.
• Serve as the primary contact for partnership-related activities.

Strategic Planning and Market Analysis

• Conduct comprehensive market research to identify emerging trends in insurance preferences, focusing on consumer behaviour and competitor analysis. Develop targeted strategies to enhance distribution capabilities, leveraging technology and partnerships, while diversifying product offerings to meet evolving customer needs and increase market share in a competitive landscape.

Performance Monitoring

• Track product and partnership performance against key objectives.
• Provide detailed insights and reports to senior management.

Compliance and Regulatory Adherence

• Ensure all activities adhere to IRDAI Guidelines and other relevant regulations.
• Stay updated on regulatory changes and assess their impact on partnerships.

Qualifications & Skills

Education: Bachelor's degree in business, statistics, economics, technology, Finance, MBA or another related field.

Experience

Minimum of 5-12 years in product management, business development, or partnership management within financial services, focusing on Insurance.

Expertise in India's financial and Insurance product distribution channels.

Skills

• Strong analytical and negotiation abilities.
• Proven track record of driving sales growth and managing relationships.
• Excellent communication and presentation capabilities.
• Familiarity with IRDAI regulations and compliance standards.
• Leadership experience in managing cross-functional teams and projects.

Compensation & Benefits

Salary Hike: Competitive based on experience and performance.

ESOP: Available after 3 years, at managements discretion

Below are the group companies of Analah:

Global Platform for private equity, insurance and real estate

Late-stage, Unlisted & Pre IPO-Opportunities

Mutual Fund Platform

Analah (DIFC) is a regulated platform for Fractional Real Estate & Private Equity

RERA regulated Global Distribution Platform for Real Estate

IRDAI Regulated Insurance Broking Platform