Summary
Overview
Work History
Education
Skills
Accomplishments
Certification
References
Timeline
Generic

Satish Kumar Mishra

Mumbai

Summary

Dynamic Vice President of Corporate Underwriting at HDFC ERGO, recognized for strategic planning and risk assessment that reduced loss ratios significantly. Proven expertise in cross-functional product development and pricing strategy, driving innovation and regulatory compliance. Adept at portfolio management, leading teams to achieve exceptional results in competitive markets.

Overview

21
21
years of professional experience
1
1
Certification

Work History

Vice President- Corporate Underwriting

HDFC ERGO General Insurance
12.2020 - Current
  • Strategy formulation - Selection of regions to expand business along with formation of customized products and pricing therein
  • Pricing of fire, package, engineering, liability, and miscellaneous insurance products on a PAN India basis
  • End-to-end integration of products and services in the IT system.
  • Leading the project with Duck Creek for the total system and product.
  • Developing and filing new products—regulatory as well as non-regulatory—with IRDAI.
  • Reviewing and managing the company portfolio to limit the loss ratios, including risk and rate review, along with regional exposure and product mix.
  • Formulated commercial underwriting strategies with risk assessment, resulting in a reduction in COR percentage from 2021 to 2023.
  • Handled a team size of up to 32 people

AVP - Commercial Underwriting

Reliance General Insurance
08.2013 - 12.2020
  • Continuously achieved budgeted LR for 5 years in Reliance General Insurance
  • Improved the Loss ratio from 108% to 65% in 5 years
  • System set up completed successfully for Commercial Line products
  • Awarded as Best Performer - Underwriting at Reliance General Insurance
  • Awarded with Knowledge Champion Award (Special Category) at Reliance General Insurance

National Manager – Underwriting

Bharti AXA General Insurance
09.2008 - 07.2013
  • Redesigned business requirements, policies, and change requests for creating user-friendly systems through testing with the IT team.
  • Assisted in the training needs analysis to identify the training gaps, classified the training needs, and effectively delivered the training programs for team members.
  • Responsible for pricing and product development of the motor portfolio for Bharti AXA, I also incorporated the risk control required to ensure compliance with the underwriting approach, including the provision and maintenance of guidelines, and auditing regional coordination with the AXA stakeholders.

Head - Bancassurance Operations

Iffco-Tokio General Insurance
11.2005 - 08.2008
  • Established Bank tie ups by executing a strategic business plan and budget for the Bancassurance channel and NBFC channels – Tied up with 7 Co-operative Banks and 2 NBFCs, and garnered business worth INR 975 Million

Executive - Channel Development

Cholamandalam MS General Insurance
09.2004 - 10.2005

Relationship Executive

Bajaj Allianz General Insurance
03.2004 - 08.2005

Education

Master of Management Studies -

VESIMR
Mumbai
01.2003

Bachelors of Science - Mathematics (H)

Ranchi University
01.1998

Associate Chartered Insurance Institute (CII) -

London

Fellow Insurance Institute of India (FIII) -

Government of India

Specialize Diploma in Fire and Marine -

Insurance Institute of India

Skills

  • Strategic planning
  • Cross-Functional Product Development
  • Pricing strategy
  • Regulatory compliance
  • Risk assessment
  • Portfolio management

Accomplishments

  • Key strategist for reducing the COR in HDFC Ergo.
  • Continuously achieved budgeted LR for 5 years in Reliance General Insurance. Improved the Loss ratio from 108% to 65% in 5 years. System set up completed successfully for Commercial Line products.
  • Awarded as Best Performer - Underwriting at Reliance General Insurance.
  • Awarded with Knowledge Champion Award (Special Category) at Reliance General Insurance.

Certification

· Associate Chartered Insurance Institute (CII)- London

· Fellow Insurance Institute of India (FIII) – Government of India

· Specialize Diploma in Fire and Marine – Insurance Institute if India

References

References available upon request.

Timeline

Vice President- Corporate Underwriting

HDFC ERGO General Insurance
12.2020 - Current

AVP - Commercial Underwriting

Reliance General Insurance
08.2013 - 12.2020

National Manager – Underwriting

Bharti AXA General Insurance
09.2008 - 07.2013

Head - Bancassurance Operations

Iffco-Tokio General Insurance
11.2005 - 08.2008

Executive - Channel Development

Cholamandalam MS General Insurance
09.2004 - 10.2005

Relationship Executive

Bajaj Allianz General Insurance
03.2004 - 08.2005

Master of Management Studies -

VESIMR

Bachelors of Science - Mathematics (H)

Ranchi University

Associate Chartered Insurance Institute (CII) -

London

Fellow Insurance Institute of India (FIII) -

Government of India

Specialize Diploma in Fire and Marine -

Insurance Institute of India

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Satish Kumar Mishra