SAI DEEPIKA MALLADI
Bangalore,Karnataka
Summary
With an experience of 12 years, I look forward to enhancing my professional skills, utilizing my administrative and interpersonal skills with accuracy and efficiency while maintaining a motivated and productive environment.
Overview
13
13
years of professional experience
Work History
Assistant Vice President
Prudent Insurance Brokers Pvt Ltd
02.2022 - Current
- Providing strategic input in the planning process
- Collecting risk information and underlying coverage requirement
- Co ordination with reinsurance team, reinsurance carriers for program structuring
- Presenting the terms and comparative analysis to client and client-facing colleagues.
- Responsible for the execution of the placement strategy both with ceding and re insurers.
- Place the risk with the short listed insurers by client instructions in a timely manner and manage client's expectations
- Providing end to end solution from placement of the policy, business closure and claims assistance.
- Contract reviews including indemnity clause reviews.
- Focusing on reinsurance opportunities to identify the need for products and develop solutions for the client
Chief Manager – Liability Underwriter
ICICI Lombard General Insurance Company Ltd
10.2021 - 01.2022
- Complying with corporate guidelines and insurance regulations, assessing cyber proposals, prepare underwriting reports, foster relationships and maintain excellent communication with internal and external vendors, reviewing client contracts, reviewing risk mitigation process and advising clients/business development team mitigating mechanism, meeting with liability claims team reviewing and analysis on the outstanding claims and understanding if any pay-outs offered
- Review new and renewal business requests in order to determine insurability based on corporate guidelines and standards
- Prepare insurance documents for Liability Lines and monitor the operational work carried with internal teams
- Understand Client's business environment and basic risk management approaches and cultivate relationship through frequent meetings and discussions
- Collaborate with peers to develop liability insurance prospecting initiatives
- Ensuring the business request are complied with all insurance regulations
- Assisting business development teams and clients with identifying gaps within existing programs and designing solutions including with reinsurance teams
- Building relationships with brokers to generate, develop and pursue leads
- Underwrite and negotiate business within authority limits ensuring a market leading service is delivered
- Maintenance of records of all underwriting data as per the required underwriting systems
Senior Manager – Liability
Marsh India Insurance Brokers Pvt Ltd
05.2020 - 10.2021
- Guiding the business from compliance perspective, risk advisory – Cyber risk, presenting the regulatory landscapes on cyber to clients, support to business relating to sales B2B & B2C, amending the wordings & conditions, negotiating with the risk assessors/advocates, advising clients on various risk related to Director's & officer's liability, public liability, workman related issues, white collar crimes, third party bodily injuries/ property damage, contract review and suggesting on the mitigation process of the risk
- Key account management
- Pre-Placement and Post Placement activities
- Preparing RFP's, communicating and managing work – flow
- Reviewing bid and government tender documents, coordinating with internal teams for pre-requisite documents
- Resolving queries raised by the clients, interacting and strategizing discussions with internal and external stakeholders
- Negotiating with the insurer and amending wordings if required for Cyber, Professional Indemnity, Directors & officers and other liability products
- Forgoing relationship with insurers and leveraging for risk placement
- Supporting Corporate segment team (additional responsibility) for Bangalore Clients
- Risk program, structuring
- Gap analysis, coverage evaluation and policy review
- Coordinating with internal stakeholders on Non-Disclosure agreements
- Reviewing Service Level agreement(SLA's) with external stakeholders and Non-Disclosure agreements
- Reviewing the clients contracts for suggesting appropriate coverage
- Visiting the client place and conducting meetings with internal key managerial people on the Do's & Don't during claim or circumstance related instances
- Claim assistance and management
- Coordinating with service providers such as surveyors, investigators & advocates etc., for reports and other claim related documents
- Provide analysis and counsel on a range of legal issues with client's
- Keep up to date records of all deliverables and documents
Manager – Placement
Marsh India Insurance Brokers Pvt Ltd
01.2016 - 07.2018
- Preparing RFQ's/ proposal's, negotiating on the warranties, preparing report and submitting documents for compliance's, Monthly reports, reconciliation, negotiating on the terms & pricing, arbitrating with third parties & authorities on claim settlement, adhering to IRDA guidelines, working with business support team, coordinating with external stakeholders
- Analyzing and preparing proposals for risk exposure, pricing the GI products based on sum insured including property and marine
- Preparation of most competitive quotes, terms, conditions, warranties, etc
- Explaining the terms provided to marketing staff
- Negotiation in respect of pricing, policy terms and coverage on the quotes submitted
- Coordinating with Claims Department in respect of claims handling issues
- Monitoring and appraising developments like change in tariff provisions, assisting employees in understanding and adhering to company's underwriting guidelines
- Preparing monthly reports for quotes, MIS, Portfolio analysis
- Coordination for servicing aspect of business placed
- Responsibility to ensure that the company retains the business
- Coordinating with Finance team for reconciliation
- Maintaining good relationship with the entire stakeholders to get the support in placing the business
Senior Executive – Legal
Future Generali India Insurance Company Limited
06.2013 - 01.2016
- Handled legal motor and non-motor claims across Andhra Pradesh & Telangana
- Motor Vehicle Compensation act, Workman/Employee's compensation act, Appeals, Marine Recovery cases, Consumer protection matters and Ombudsman matters, Conflict of Interest, Anti Money Laundering policies and their guidelines, Advice all teams regarding the Guideline implementation and query resolving on the same, Fraud and Embezzlement, strong negotiating skills, oral and written communication skills, as well as information technology and management experience, member of grievance redress system, advising on litigation matters and coordinating with external legal counsels with regard various cases, attending Court Hearings and filing of cases, Guiding the business and operations team in handling legal issues such as filing of complaints with Police station
- Drafting/ preparing/ modifying various pleadings, complaints, applications, petitions, appeals, plaints, affidavits, written statements, questionnaires & written arguments for submission/pleadings in different legal proceedings
- Studying and processing of legal & non motor claims across AP & Telangana
- Acting as a critical communication bridge between the insured, intermediaries, service providers, sales team and control team at various stages of the claim
- Managing AML, Labour Compliances, IRDAI & Regulatory Compliances and Others
- Attending Civil courts, Consumer forums & Ombudsman offices for legal related matters
- Dealt with enforcement agencies like police and other authorities, as and when required
- Investigation and taking requisite action on identified frauds
- Working closely with High court advocates on recovery matters
- Coordinating with service providers such as surveyors, investigators & advocates etc., for reports and other claim related documents
- Analysis of claims data and monitoring movement of legal as well as non-motor claims to ensure quick disposal and visiting the intermediaries, service providers, if necessary
- Preparing claims MIS, maintaining and monitoring appropriate reserves and review dates
- Analysis of claims data on monthly/quarterly/yearly basis providing the sorted data to other departments
- Internally coordinating with underwriting team and provide claims feedback
- Successfully resolved critical legal disputes apart from recovery matters
- Conducting internal meetings on the latest landscapes on regulations, major amendments, workshop's on conflict of interest and anti-corruption, rebate and gift practice
Junior Associate Lawyer
In the chambers of Shri Sundeep M
11.2012 - 05.2013
- Representing the client before the court, advising them on legal issues, procedures and consequence's
- Assisting senior counsel of legal research, worked on criminal cases, civil disputes
- Legal research and factual identification of the case
- Worked on service matters, consumer cases, Arbitration, negotiation's and case settlement's
Editor
Thomson Reuters
06.2012 - 11.2012
- Conduct Quality Checks on content available on Westlaw India and Ind law
- Extracting important crux of the judgement, working on the internal contract management tools
- Legal research and Legal Writing
- Head noting to the Supreme Court and High Court Judgments
- Manage individual areas of responsibility as assigned
- Writing short notes on the judgements
- Perform additional editorial tasks as requested by Team Lead
Education
P.G. Diploma in Intellectual Property Rights -
Osmania University
HyderabadDiploma in Cyber Laws -
Asian School of Cyber Laws
HyderabadPost Graduate Diploma in General Insurance - undefined
IIRM
LLM - Law
Osmania University
Hyderabad01.2014
BA LLB - Law
Pendekanti Law College
08.2012
Skills
- Consulting
- Policy wordings analysis
- Placement Strategy
- Contract Review
- Reinsurance solutions
- Client facing relationship
Accomplishments
- Marsh Quarter 4 - Pat on the back award for excellent performance
- CEO's Award for exemplary performance in settlement of claims, claim analysis, negotiations & process & handling claims for FY 14-15.
- Stood No.1 PAN India in terms of YTD Disposal Ratio and YTD Settlement Ratio for FY2014-15.
- Brought down outstanding claims to 243 in March'15 from 356 in March'14.
- Achieved an overall more than 130% YTD disposal from June'13 to March'14.
- Received several appreciations from HO, CEO, COO and prominent IMD's.
Hobbies and Interests
- Half Marathon Runner (Chennai Half Marathon, Bangalore Half Marathon & KTM Half Marathon)
- Finisher Hyderabad Triathlon
- Power Lifting Enthusiast
- Pet Lover
- Gadget Enthusiast
- Book Lover
Disclaimer
The above information is true and is to the best of my knowledge.
Personal Information
Date of Birth: 03/18/90
Timeline
Assistant Vice President
Prudent Insurance Brokers Pvt Ltd
02.2022 - Current
Chief Manager – Liability Underwriter
ICICI Lombard General Insurance Company Ltd
10.2021 - 01.2022
Senior Manager – Liability
Marsh India Insurance Brokers Pvt Ltd
05.2020 - 10.2021
Manager – Placement
Marsh India Insurance Brokers Pvt Ltd
01.2016 - 07.2018
Senior Executive – Legal
Future Generali India Insurance Company Limited
06.2013 - 01.2016
Junior Associate Lawyer
In the chambers of Shri Sundeep M
11.2012 - 05.2013
Editor
Thomson Reuters
06.2012 - 11.2012
Post Graduate Diploma in General Insurance - undefined
IIRM
P.G. Diploma in Intellectual Property Rights -
Osmania University
Diploma in Cyber Laws -
Asian School of Cyber Laws
LLM - Law
Osmania University
BA LLB - Law
Pendekanti Law College
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