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
Reinsurance Pricing
Operation Management
Reinsurance Claims
Marketing and Relationship Management
IT Management
Reinsurance Program Placement
Actuarial Analytics
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