Chirag Vyas
Reinsurance Underwriter
Gandhinagar
Summary
Reinsurance professional with careers spanning more than 10 years in Insurance/Reinsurance underwriting, claims and pricing with experience of handling large teams. Bringing a blend of Reinsurance, Operational, Actuarial and IT Skills
Overview
12
12
years of professional experience
14
14
years of post-secondary education
Work History
Senior Manager
General Insurance Corporation of India (GIC Re)
Gandhinagar
11.2021 - Current
- Underwriting of Treaty and Facultative arrangements from the UAE market
- Managing a team of 2 Claims personnel
- Providing actuarial pricing inputs for the UAE programs
- Managing Claims from the middle east region
- Conduct investigations for monitoring of business
Deputy /Senior Manager
General Insurance Corporation of India
Dubai
11.2017 - 10.2021
- Underwriting of Treaty and Facultative arrangements for Middle East Market
- Managed a team of 2 Treaty Underwriters, 3 Facultative Underwriters and 6 Claims executives
- Managing Claims for Middle East Market
- Providing Actuarial support to the branch for pricing and monitoring
Assistant /Deputy Manager
General Insurance Corporation of India (GIC Re)
Mumbai
03.2012 - 10.2017
- Providing Operational support as part of team mandated to form Indian Nuclear Insurance Pool (INIP), FAIR Natural Catastrophe Reinsurance Pool (FNCRIP) and Motor Declined Risk Pool (MDRP)
- Managing a team of 3 executives for the creation and management of pools
- Providing operational support for the run off of Indian Motor Third Party Insurance Pool
- Providing Operational support for Indian Terrorism Insurance Pool
- Engaging with IT vendors for the creation of system for Motor Declined Risk Pool (MDRP)
- Forming data pack and draft reinsurance Protection Slip for Indian Terrorism Pool Protection
- Creating reports on the Pool Management and monitoring of Motor Declined Risk Pool for the IRDAI committees
- Undertaking settlements with the Insurance Companies in the market
- Communicating Management and IRDAI Policies and decisions to the market
- Providing Actuarial support for the pricing and ULR determination of Pools
- Provided Underwriting support to the Motor Underwriting team
Assistant Manager - ACGN
Aon Global Insurance Brokers
Mumbai
07.2011 - 03.2012
- Providing placement and coverage advices to MNC clients
- Service insurance and claims requirements of large MNC clients with Insurers
- Creating reports on monitoring of the portfolio to understand the value of the Program placed
Executive - Marketing and Claims
Bajaj Allianz General Insurance Co. Ltd.
Vadodara
11.2009 - 06.2011
- Registering new claims, deputing surveyors for non motor and large claims for the vadodara region
- Processing of Non Motor & large claims for the Vadodara region
- Providing monthly / quarterly reports on the settlement of claims
- Undertaking marketing and primary underwriting for large clients
- Provides servicing to large clients, brokers and Banca(Banks) channel
- Preparing monthly / quarterly reports for business solicited
- Preparing marketing strategy and business projection for the allocated territory.
Education
Bachelor of Engineering - Information Technology
Sardar Vallabhbhai Patel Institute of Technology
Vasad 05.2005 - 05.2009
ACII (Associate) - Insurance
Chartered Insurance Institute
London 05.2009 - 11.2012
Cleared 12 Actuarial Papers (Remaining 3 Papers) - Actuarial Science
Institute & Faculty of Actuaries
London 11.2015 - Current
Skills
Reinsurance Underwriting
Timeline
Senior Manager
General Insurance Corporation of India (GIC Re)
11.2021 - Current
Deputy /Senior Manager
General Insurance Corporation of India
11.2017 - 10.2021
Cleared 12 Actuarial Papers (Remaining 3 Papers) - Actuarial Science
Institute & Faculty of Actuaries
11.2015 - Current
Assistant /Deputy Manager
General Insurance Corporation of India (GIC Re)
03.2012 - 10.2017
Assistant Manager - ACGN
Aon Global Insurance Brokers
07.2011 - 03.2012
Executive - Marketing and Claims
Bajaj Allianz General Insurance Co. Ltd.
11.2009 - 06.2011
ACII (Associate) - Insurance
Chartered Insurance Institute
05.2009 - 11.2012
Bachelor of Engineering - Information Technology
Sardar Vallabhbhai Patel Institute of Technology
05.2005 - 05.2009
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