Swagat Kumar Mohanty
Senior Underwriter-Retail Products
Bhubaneswar
Summary
5+ years experienced Insurance Professional Targeting to obtain a Position in the sector of International repute, allowing me to utilize my Education while gaining valuable Work Experience in a Team Oriented Environment.
Overview
5
5
years of professional experience
3
3
Languages
Work History
Management Trainee-Other Products
Bajaj Allianz General Insurance Company Ltd.
7 2018 - 3 2019
- Worked with the Insurance Solutions Team on Digital Transformation and Adaptation of the same in Various Sectors of Insurance Industry
- Also, Worked on Wellness-Linked Insurance Solutions.- Facilitating the Sales Force with the Product Details
- Conducting Product Training Sessions for All Distribution Channel Employees & Agents
- Working closely with the Agency and Bancassurance Channel by Promoting the Products through Login Days
- Creating an Eco-system for Home Insurance by Partnering with Housing Societies & Real Estate Companies
- Development of system for Digital Issuance of policies like creating Links with IT Team for Easy Issuance of Home and Cyber Insurance Policies in minutes where the IMDs can share the personalized links to the customers and they can buy both Policies through Safe Online Payment.
Relationship Manager- Emerging Markets, Retail Business
LIBERTY GENERAL INSURANCE LTD
05.2019 - 11.2020
- Facilitating the Motor Dealer Channel with Business Related Support and Targets
- Recruiting Agents, New Dealers and Activating them
- Working closely with the Insurance Managers and resolving various IT Related issues
- Following up with the Major Renewals
- Creating Strategic Partnerships with New Entities, sharing New Business Plans for Driving the Products
- Providing Training to IMDs, with Regards to New Products, Sales Pitch.
Manager-Sales Training-Smart Offices (SMO)
CHOLAMANDALAM MS GENERAL INSURANCE COMPANY LTD
11.2020 - 03.2021
- Giving Strategies to the Branch Managers in Recruiting Agents, New Dealers and Activating Them
- Working closely with the Direct Sales Team, providing them training, monitoring there Business on Daily Basis and resolving various IT Related Issues
- Guiding Customer Service Executives-Ops for following up with the Major Renewals
- Helping to create Strategic Partnerships with New Entities, sharing New Business Plans for Driving the Products
- Providing Core Product Knowledge to all which helps in Better Understanding of Insurance Rules and Regulations
- Providing Training to IMDs, with Regards to New Products, Sales Pitch.
Manager-Sales (Smart Market)
RELIANCE GENERAL INSURANCE COMPANY LTD
09.2021 - 02.2022
- Utilizing Strategies in Recruiting Agents (POSPs, IRDA Agents), New Dealers (OEM and Non-OEM) and Activating Them
- Monitoring the Agency Sourced and Dealer Business on Daily Basis and resolving various IT Related Issues if any
- Guiding Agents and Customer Service Executives of Dealers for following up with the Major Renewals
- Helping to create Strategic Partnerships with New Entities, sharing New Business Plans for Driving the Products including SME Business
- Providing Core Product Knowledge to all which helps in Better Understanding of Insurance Rules and Regulations.
Assistant Manager-Strategic Partnership-Broking
GO DIGIT GENERAL INSURANCE LTD
02.2022 - 01.2023
- Making Strategies in Coordinating with Corporate and Retail Brokers for Driving Non-Motor Business
- Monitoring the Quantum of Non-Motor Quotes provided, Conversion of Business on Daily Basis and resolving various IT Related Issues if any
- Meeting Corporate Clients on Direct Visit and Giving Insight About the Company by Introduction and Exploring Various Business Opportunities
- Helping to create Strategic Partnerships with New Entities, sharing New Business Plans for Driving the Products mostly SME Business
- Providing Core Product Knowledge to all which helps in Better Understanding of Insurance Rules and Regulations
- Providing Training to Brokers, with Regards to New Products, Sales Pitch
- Coordinating with Commercial Line Underwriters for Providing Quotes and Providing them necessary inputs for Participating in Business Proposals
- Focusing on Employee-Benefit Products like Group Health Benefit Products and Driving Business through Potential Leads
- Exploring Various Tenders related to Insurance Business Opportunities, Collating and Submitting of Documents for Participating in Bid Submissions.
Senior Manager, Retail Underwriting
SBI GENERAL INSURANCE COMPANY LTD
01.2023 - Current
- Joined in the Position of Deputy Manager-Motor Underwriting to look after the Bhubaneswar Circle comprising of 5 Branches in Odisha State.
- In the Month of June, 2023, got elevated to the Position of Senior Manager to look after a larger territory of East-2 comprising of Three States-Odisha, Bihar and Jharkhand for Retail Lines-Motor and Home Insurance.
- Reviewing motor vehicle reports for program acceptability, monitor policies for future underwriting actions, and process endorsements for accuracy.
- Responsible for resolving technical and procedural problems based on the daily course of business and the ability to communicate tasks in a professional work environment.
- Reviewing correspondence from current policyholders for proper rating structure and correct premiums.
- Reviewing of LR Data, KPI Data and Finance Team Data for Preparing Monthly, Quarterly, Half-Yearly Portfolio Reports across all Segments Channel Wise to understand the Performance.
- Monthly Intermediary Meetings and Internal Stake Holders Meetings are conducted for Understanding the Challenges and Requirements and Understand the Competitors' Offerings.
- Conducting Training for Internal Stakeholders on How to Do Proper Calculations and Making them understand the Rating Parameters.
- Conducting Regular UATs for New Portal and New Model-Variants ensuring the Proper Flow and Input have been Executed.
Education
MBA - Insurance And Risk Management
School of Insurance Studies, NLU JODHPUR
Jodhpur, India 04.2001 -
Skills
General Insurance
Product Training
Underwriting
Portfolio Analysis
Intermediary and Employee Engagement
Client Support
Customer Service
New Idea Implementation
Technical Support
Sales and Marketing
Coursework
- PRINCIPLES AND PRACTICES OF GENERAL INSURANCE
- MOTOR INSURANCE
- MISCELLANEOUS INSURANCE I, II & III (ACCIDENT, PA & ENGINEERING)
- LIABILITY INSURANCE
- ENGINEERING AND PETROCHEMICALS
- UNDERWRITING OF INSURANCE BUSINESS
- AGRICULTURE INSURANCE
- MARINE INSURANCE
- REINSURANCE
Areas Of Interest
- Motor Insurance
- Property Insurance
- Health Insurance
Overall Educational Timeline
- BACHELOR OF BUSINESS ADMINISTRATION, UTKAL UNIVERSITY, ODISHA, 2013, 2016, FIRST DIVISION, 65.71%
- INTERMEDIATE IN SCIENCE, COUNCIL OF HIGHER SECONDARY EDUCATION, ODISHA, 2010, 2012, FIRST DIVISION, 66.17%
- MATRICULATION, CENTRAL BOARD OF SECONDARY EDUCATION, NEW DELHI, 2010, 2010, FIRST DIVISION, 81.4%
Timeline
Senior Manager, Retail Underwriting
SBI GENERAL INSURANCE COMPANY LTD
01.2023 - Current
Assistant Manager-Strategic Partnership-Broking
GO DIGIT GENERAL INSURANCE LTD
02.2022 - 01.2023
Manager-Sales (Smart Market)
RELIANCE GENERAL INSURANCE COMPANY LTD
09.2021 - 02.2022
Manager-Sales Training-Smart Offices (SMO)
CHOLAMANDALAM MS GENERAL INSURANCE COMPANY LTD
11.2020 - 03.2021
Relationship Manager- Emerging Markets, Retail Business
LIBERTY GENERAL INSURANCE LTD
05.2019 - 11.2020
MBA - Insurance And Risk Management
School of Insurance Studies, NLU JODHPUR
04.2001 -
Management Trainee-Other Products
Bajaj Allianz General Insurance Company Ltd.
7 2018 - 3 2019
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