Business Head Insurance Broking

Job Overview:

The Business Head will be responsible for spearheading the overall business operations and strategic growth of the insurance broking division. This leadership role involves overseeing sales client management regulatory compliance operations and financial performance with a clear focus on expansion and market leadership.

Key Responsibilities:

Strategic Leadership:

• Formulate and implement strategic plans to drive business growth in the insurance broking sector.
• Identify new market opportunities and develop strategies to increase market share and profitability.
• Build and maintain strong relationships with insurers clients and regulatory bodies.

Sales and Business Development:

• Lead the sales team to achieve revenue targets through new client acquisition and crossselling initiatives.
• Develop and enhance relationships with corporate clients SME clients and individuals to generate highvalue business.
• Leverage existing networks and build a robust pipeline of business opportunities.

Operations and Efficiency:

• Ensure operational excellence by overseeing efficient processes for client onboarding policy management claims handling and renewals.
• Work closely with the compliance and legal teams to ensure adherence to regulatory frameworks and guidelines.
• Implement technologydriven solutions to improve service delivery and customer experience.

Team Leadership and Development:

• Lead mentor and develop a highperforming team ensuring they are aligned with the companys strategic objectives.
• Foster a performancedriven culture with clear goals accountability and employee engagement.

Financial and Performance Management:

• Manage P&L responsibilities for the business unit ensuring profitability and cost optimization.
• Set and monitor KPIs for business performance ensuring revenue growth and profitability targets are met.

Regulatory Compliance and Risk Management:

• Ensure compliance with IRDAI regulations and other relevant laws governing insurance broking in India.
• Oversee risk management processes including client due diligence and internal audits.

Qualifications and Ss:

• Bachelors degree in Business Finance Insurance or a related field (MBA preferred).
• 15 years of experience in insurance industry with at least 5 years in a senior leadership role.
• Strong understanding of the Indian insurance market including regulatory knowledge (IRDAI).
• Proven track record of driving business growth and achieving financial targets.
• Excellent leadership and team management ss with the ability to inspire and lead large teams.
• Strong communication negotiation and client management ss.
• ytical mindset with the ability to think strategically and drive .
• Knowledge of technology solutions in insurance broking is a plus.