Job Title- IND Consultant I - P&C Insurance operations
ARL-7.1
Solution Line- Commercial Risk, ACIM
Position type- Full Time
Work Location- Bangalore, Whitefield
Working style- Hybrid
Cab Facility- Yes
Shift Time -12.30 p.m. to 9.30 p.m.
People Manager role: No
Required Education And Certifications Critical For The Role-
Bachelors/Masters
Required Years Of Experience –
5 to 10 years of relevant experience
AON IS IN THE BUSINESS OF BETTER DECISIONS
At Aon, we shape decisions for the better to protect and enrich the lives of people around the world.
As an organization, we are committed to our purpose as one firm, united through trust as one inclusive, diverse team and we are passionate about helping our colleagues and clients succeed.
Information About Business
Aon Captive & Insurance Management (ACIM) team is involved in Financial Reporting, Insurance Management for Captive Insurance and Insurance linked Structures
General Description Of Role
Incumbent would be responsible for Insurance Operations like Policy Management, claims and Insurance regulatory support, stake holder management/interactions
We are looking for an candidate
Commercial P&C Insurance Operations to support end‑to‑end processes across the
policy and claims lifecycle for commercial property & casualty (P&C) business.
You will work closely with onshore/offshore teams, underwriters, MGA's, and internal stakeholders to deliver accurate, high‑quality insurance booking processing. You will also support
system/application transitions and
User Acceptance Testing (UAT) for new or enhanced platforms used in our operations and contribute on the ongoing tech intiatives.
This is an excellent opportunity for someone with early-career experience in insurance or insurance BPO who wants to deepen their expertise in Commercial P&C.
Job Responsibilities
- 6 to 8 years of experience in insurance operations role
- Experience in underwriting and claims functions for a portfolio of captive insurance, reinsurance or commercial insurance clients
- Be responsible for the proper liaison between the Insurance function and other functions (Actuarial, Finance, Treasury, Compliance, etc) and third-party service providers (TPA Claims managers, auditors, loss adjustors, brokers, actuaries etc)
- Experience in insurance operations, preferably in Commercial P&C(carrier, broker, Reinsurer or BPO environment)
- Understanding of basic policy lifecycle steps (quote–bind–issue–endorse–renew–cancel) and key commercial insurance concepts
- Run the insurance premium cycle from invoicing and receipt
- Participating in the renewal of Insurance policies
- Coordinating Insurance Premium Taxes
- Be responsible for coordinating and assisting on Claims reporting and analysis
- Responsible for all Insurance-related payments (claims, reinsurance, IPT settlements etc)
- Be responsible for filing regulatory reporting in line with Solvency II legislation and guidelines
- Supporting insurance managers with board preparation, meeting management, logs etc.
- Communicating with clients and colleagues at all business levels
- Checking insurance data reports for errors and consulting with insurance managers to fill any gaps
- Entry of templatized data in SICS for policy, reinsurance and claims admin and ensuring accuracy and consistency across domiciles
Skills/Competencies Required
- Bachelors/Masters
- Have a minimum of 6 – 8 years experience of any of the following: Insurance Company management, Captive Insurance Company Management, insurance broking, insurance underwriting, claims management or corporate insurance management.
- Understand the regulatory and compliance environment which governs Insurance and Reinsurance companies.
- Document process steps, decision points, and business rules in Standard Operating Procedures (SOPs)
- Possess effective communication and teamwork skills.
- Be proficient in Microsoft Office applications, in particular Excel
- Be open to learning and developing new knowledge, skills and attributes
- Be fluent in English, as written and spoken English is essential for this role
Good To Have
- Strong Communication skill
- AINS, FIII, ACII or any other insurance certifications(Not mandatory)
Works With
- Small to large project teams and extensive interaction with internal and/or external clients.
How We Support Our Colleagues
In addition to our comprehensive benefits package, we are proud to be an equal opportunity workforce. At Aon, we believe a diverse workforce is an innovative workforce. Our agile, inclusive environment allows colleagues to manage their wellbeing and work/life balance while empowering you to be your authentic self.
Furthermore, all colleagues enjoy two Global Wellbeing Days each year, encouraging them to take time to focus on themselves. We offer a variety of workstyle options through our Smart Working model, but we also recognize that flexibility goes beyond just the place of work... and we are all for it!
Our continuous learning culture inspires and equips colleagues to learn, share and grow, helping them achieve their fullest potential. As a result, Aon colleagues are more connected, more relevant and more valued.
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