Work Preference
Summary
Overview
Work History
Education
Skills
LinkedIn Profile
Interests
Certification
LANGUAGES
Timeline
Generic
Rakshit Arya

Rakshit Arya

Commercial Insurance & Reinsurance Professional
Noida,DL

Work Preference

Desired Job Title

DGM – Commercial Lines & ReinsuranceDGM – Commercial LinesManager – Non-Life BusinessRelationship ManagerMarketing Executive

Work Type

Contract WorkConsultingPart Time

Location Preference

RemoteHybrid
Location: Noida, UP
Open to relocation: Yes

Salary Range

60/hr - 100/hr

Important To Me

Work-life balanceFlexible work hoursPersonal development programs4-day work weekPaid time off

Summary

High-impact Commercial Insurance and Reinsurance leader and Certified Insurance Arbitrator with 14+ years of experience driving complex commercial insurance placements, risk structuring, underwriting coordination, claims support and compliance. Proven ability to negotiate competitive terms across Engineering, Fire, Marine, Liability, Cyber, Specialty Lines and Employee Benefits while partnering with insurers, reinsurers and corporate clients to strengthen risk protection, improve placement efficiency and create long-term business value.

Tech-savvy innovator with hands-on experience in emerging technologies and passion for continuous improvement. Skilled in identifying opportunities for technological enhancements and implementing effective solutions. Adept at leveraging new tools and methods to solve problems and enhance productivity. Excels in adapting to fast-paced environments and driving technological advancements.

Overview

1
1
Certification
15
15
years of professional experience

Work History

DGM – Commercial Lines & Reinsurance

IMAGE INSURANCE BROKERS PVT. LTD.
03.2025 - Current
  • Elevated to DGM – Commercial Lines & Reinsurance with expanded role in steering reinsurance broking initiatives.
  • Driving strategic underwriting portfolio management and business development initiatives across commercial lines and reinsurance focusing on optimizing risk exposure, strengthening insurer/reinsurer negotiations, enhancing profitability, and deepening client relationships through data-driven decision-making.
  • Amplifying overall profitability by 10%
  • Underwriting and placement of mega-risks valued up to Rs. 2500+ crores at single location. Total Assets under insurance equaling to Rs. 10000+ Crores
  • Claims processing for intricate risks involving legal expertise valuing up to Rs. 20+ crores
  • Secured 99% client retention

DGM – Commercial Lines

IMAGE INSURANCE BROKERS PVT. LTD.
05.2018 - 03.2025
  • Lead commercial lines placements, risk analysis, retention strategy, compliance coordination and market engagement for non-life insurance portfolios.
  • Negotiate terms with underwriters, reinsurers, risk engineers and surveyors for large engineering and infrastructure projects including hydroelectric projects, tunneling, roads and bridges.
  • Manage underwriting and claims coordination across Engineering, Fire, Marine, Liability, Casualty, Cyber, Specialty Lines and Employee Benefits.
  • Strengthen client relationships through proactive servicing, renewal support, retention initiatives and engagement with prospective leads.
  • Support regulatory compliance by coordinating periodic returns, addressing authority queries and ensuring adherence to prescribed timelines.
  • Enhanced client conversion through strategic initiatives resulting in 25% increase
  • Achieved premium value of Rs. 15+ crores during last 7 years for company
  • Facilitated company profitability growth of 25%
  • Maintained 99% client retention

Manager – Non-Life Business

COTOPAXI INSURANCE BROKERS PVT. LTD.
04.2017 - 03.2018
  • Developed and executed strategies for commercial business development, placements, client servicing and retention.
  • Handled placement and underwriting coordination for non-life lines including Engineering, Fire, Marine, Liability, Miscellaneous, Specialty Lines and Employee Benefits.
  • Managed regulatory compliance activities, ensuring guideline adherence and timely submission of periodic returns.
  • Enabled client conversion rate of 20% during inaugural year of company operations
  • Managed 20+ corporate clients including SMEs and large accounts
  • Attained 90% client retention in year two

Relationship Manager

SMC INSURANCE BROKERS PVT. LTD.
01.2016 - 10.2016
  • Managed direct and indirect marketing initiatives for corporate and retail insurance clients.
  • Serviced corporate and retail clients across key non-life insurance products.
  • Sourced business through channel partners and direct client relationships.
  • Coordinated with a network of 15 business partners to support business generation and client servicing.
  • Supported claims coordination by liaising between business partners, claims teams, surveyors and clients for faster claim resolution.
  • Handled major non-life products including Fire, Marine, GMC, Engineering and Liability.

Marketing Executive

IFFCO TOKIO GIC LTD.
04.2014 - 12.2015
  • After serving as an Advisor, joined IFFCO Tokio as a Direct Marketing recruit
  • Drove direct marketing of insurance products across corporate and retail customer segments.
  • Managed client relationships and supported product awareness for corporate and retail customers.
  • Generated business through direct leads, cold calling and professional networking.
  • Managed 4-5 customer meets/cold calls per day
  • Worked across Fire, Marine, GMC, Engineering and Liability product lines.

Advisor

IFFCO TOKIO GIC LTD.
04.2012 - 03.2014
  • Directed client consultations to deliver tailored advice that improved decision-making accuracy and enhanced overall customer satisfaction.
  • Established risk assessment protocols to ensure compliance with regulatory standards, thereby maintaining operational safety and integrity.
  • Coordinated cross-functional teams to streamline advisory processes, increasing team efficiency and accelerating issue resolution times.
  • Managed 4-5 on premise cold calls and 10-20 tele-calls per day

Audit Intern

VINOD KUMAR & ASSOCIATES (CA FIRM)
01.2011 - 04.2012
  • Conducted detailed financial audits and compliance checks for client portfolios, identifying discrepancies and enhancing reporting accuracy to support informed decision-making.
  • Supported statutory audit assignment for Holostik India Ltd.
  • Assisted internal audit assignment for Wizcraft.
  • Assisted internal audit assignment for Kingdom of Dreams.
  • Prepared 15+ Reconciliation Reports, 20+ Minutes of meetings, drafted 10+ formal letters, 2-3 Internal Audit Reports 1 Statutory Audit Report.

Education

Fellowship - Insurance And Risk Management

Insurance Institute of India
India
05-2025

Associate 21 & 23 - Insurance And Risk Management

The Institutes
USA
06-2014

Bachelor of Commerce - Commerce

CMJ University
India
06-2012

Skills

  • MS Office and IT Basics: Advanced
  • Risk assessment: Advanced
  • Client relationship: Advanced
  • Data analysis: Advanced
  • Negotiation: Advanced
  • Strategic planning: Advanced
  • Regulatory compliance: Advanced
  • Market research: Advanced
  • Underwriting: Advanced
  • Claims Advisory: Advanced
  • Arbitration: Advanced
  • Artificial Intelligence: Intermediate
  • Teamwork and collaboration
  • Problem-solving

LinkedIn Profile

linkedin.com/in/rakshit-arya-1b2064b6

Interests

  • Travelling - Exploring new places and traditions
  • Music - Soulful tunes and lyrics
  • Cooking - Love to prepare dishes from different Cuisines
  • Sports - A cricket and football enthusiast
  • Books and Vlogs - Jail Diary of Bhagat Singh, Bharat Ek Khoj, Various Vlogs on Philosophy (Darshan) like Gautam Buddha, Diogenes, Socrates, Plato, Shopenheir, Various Vlogs on Defence

Certification

  • Certified Insurance Arbitrator, AIIRM Jan 2025 — Aug 2025
  • Certified in Foundational Actuarial Science, Insurance Institute of India Jan 2024 — May 2025
  • Artificial Intelligence Workshop, Be10x May 2026 — May 2026

LANGUAGES

English C1 - Advanced
Advanced (C1)
Hindi C1 - Advanced
Advanced (C1)

Timeline

DGM – Commercial Lines & Reinsurance

IMAGE INSURANCE BROKERS PVT. LTD.
03.2025 - Current

DGM – Commercial Lines

IMAGE INSURANCE BROKERS PVT. LTD.
05.2018 - 03.2025

Manager – Non-Life Business

COTOPAXI INSURANCE BROKERS PVT. LTD.
04.2017 - 03.2018

Relationship Manager

SMC INSURANCE BROKERS PVT. LTD.
01.2016 - 10.2016

Marketing Executive

IFFCO TOKIO GIC LTD.
04.2014 - 12.2015

Advisor

IFFCO TOKIO GIC LTD.
04.2012 - 03.2014

Audit Intern

VINOD KUMAR & ASSOCIATES (CA FIRM)
01.2011 - 04.2012

Fellowship - Insurance And Risk Management

Insurance Institute of India

Associate 21 & 23 - Insurance And Risk Management

The Institutes

Bachelor of Commerce - Commerce

CMJ University
Rakshit AryaCommercial Insurance & Reinsurance Professional