Senior Vice President - Corporate Claims

Key Roles &Responsibilities

• Develop and execute theenterprise?wideclaims strategy for corporate and specialty lines.
• Establish benchmarks, KPIs, SLAs,loss?ratiotargets, and quality thresholds across theclaimslifecycle.
• Provide technical leadership for investigation, assessment, quantum determination, settlement strategy, and litigation management forhigh?severityand complex claims.
• Monitor loss trends, early warning indicators, and portfolio health; recommend corrective actions to underwriting and risk teams.
• Review and approve large and sensitive claims within delegated authority; align with reinsurers whereverrequired.
• Strengthen TAT, accuracy, documentation, reserving discipline, and audit readiness.
• Deliver cost efficiency through optimized vendor management (surveyors, lawyers, TPAs, adjusters).
• Conduct periodic claim reviews with major clients/brokers and represent claims in market engagements.
• Partner closely with underwriting, risk, actuarial, and product teams to ensure alignment on claim trends, pricing adequacy, and policy wordings.
• Maintain robust documentation, reporting, MIS, and regulatory submissions.
• Lead, inspire, and develop amulti?locationteam of claims professionals and technical experts.
• Ensure 100% compliance with IRDAI norms, audit requirements, and internal governance frameworks.

Key Requirements – Education & Certificates

• Master’s degree in Insurance, Finance, Law, Risk Management, or Business Administration.
• Professional certifications such as ACII, III Fellowship, CPCU, or equivalent preferred.

Key Requirements - Experience &Skills

• 15 to 20 years of experience in commercial/corporate insurance claims, including at least 5+ years in a senior leadership role.
• Strong exposure to managinglarge?ticket, complex, and specialty-line claims across corporate portfolios.
• Deep technicalexpertisein corporateclaimsinvestigation, evaluation, and resolution.
• Excellent understanding of regulatory frameworks, policy wordings, fraud prevention, and litigation management.
• Strongdecision?makingability inhigh?severityclaims and ambiguity-heavy scenarios.
• Exceptional stakeholder management, communication, and negotiation skills.
• Strategic mindset with strong analytical, problem-solving, andrisk?assessmentcapabilities.
• Ability to lead transformation, process excellence, and digital innovation initiatives.