Summary
Overview
Work History
Education
Skills
Timeline
Generic
Vikas Singh

Vikas Singh

Parametric Climate Insurance Expert
Pune

Summary

With over a decade of experience in insurance, reinsurance, government business, and risk management, my passion lies in creating impactful, data-driven solutions that empower individuals and organizations to navigate the challenges of climate change and effective Alternative risk management strategy. Leveraging expertise in product development, strategy, and collaboration, I have closely worked with top insurers, governments, and other stakeholders to design solutions that not only address immediate risks but also foster long-term security and sustainability.

Focus is on developing insurance products that tackle climate risks and support disaster recovery for vulnerable populations. Additionally, committed to bridging systemic gaps in insurance adoption through accessible, inclusive, and scalable initiatives. Firmly believe in the transformative power of insurance to turn vulnerability into strength, especially in the face of growing climate challenges.

Overview

12
12
years of professional experience
2
2
Languages

Work History

Head Product & Strategy

DigiSafe Insurance
11.2022 - Current
  • Developed innovative parametric crop insurance solutions to mitigate climate-related risks rural, and urban customers customised to the requirements.
  • Coordinated with multiple insurance companies to secure competitive quotes for crop insurance products
  • Analyse product performance, closely monitoring claim for customer and Loss Ratios (LR) for the insurance company
  • Cross-functional collaboration to ensure timely policy issuance and efficient claim settlement processes by Insurer

Founder

Aashray Farms
11.2020 - 11.2022
  • Over two years, I founded and led Aashray Farms, a concept retail store dedicated to promoting healthy, organic eating
  • We provided a one-stop solution for clients of dieticians seeking weight loss-friendly foods and ingredients
  • We also established partnerships with farmers and like-minded organizations, aligning our mission to promote wellness and sustainability through organic nutrition

Head Agriculture & Re-insurance Treaties

Digit Insurance
11.2017 - 11.2020
  • Reinsurance treaty placements for all business, with a strong focus on Agriculture and Property Engineering
  • Excelled in data driven analytics and portfolio management through adequate reinsurance solutions
  • Effectively managed RI accounts, showcasing financial acumen
  • Contributed to Agri Reinsurance underwriting, enhancing risk assessment in agriculture
  • Facilitated Facultative placements for Property and Engineering lines
  • Ensured regulatory compliance and reporting adherence
  • Fostered relationships with Reinsurers
  • Successfully liaised with the central government for empanelment in PMFBY

Senior Agriculture Underwriter

Bajaj Allianz General Insurance Co. Ltd.
07.2015 - 11.2017
  • Led pricing and quote preparation for State Government Crop Insurance Tenders
  • Ensured strict compliance with Underwriting Guidelines and closely monitored portfolio Loss Ratio
  • Monitored and assessed product performance throughout the risk period
  • Oversaw timely claim evaluation and payment processes
  • Spearheaded the development of IT systems to enhance process efficiency and reduce human intervention
  • Managed vendor relationships effectively
  • Conducted training sessions for the sales team to optimize product performance in the field
  • Managed a dedicated team of 8-10 members at the Head Office

Product Manager (Weather Insurance)

ICICI Lombard
03.2014 - 07.2015
  • Efficiently handled audit queries, ensuring prompt and accurate responses
  • Collaborated on claim-related IT developments, including user testing sign-offs
  • Prepared comprehensive claim analysis sheets and ensured timely claim processing and reporting to state authorities
  • Oversaw vendor management for weather data services, including agreement finalization
  • Responded to claim-related audit, legal, and RTI queries in a timely manner
  • Facilitated seamless claim reporting to internal and external stakeholders

Project Intern

Tata Consultancy Services
03.2013 - 05.2013
  • 3 months Internship

Education

B-Tech - Electronics and Telecommunications

National Institute of Technology Raipur
01.2007 - 1 2011

Master of Business Administration (MBA) - Finance & Banking

IBS Hyderabad
01.2012 - 1 2014

12th Board ( AISSCE) - Science ( PCM)

Delhi Public School Vindhyanagar
01.2005 - 1 2006

All Subjects - undefined

Delhi Public School Vindhyanagar
01.2003 - 1 2004

Skills

Client Relationship Management

Timeline

Head Product & Strategy

DigiSafe Insurance
11.2022 - Current

Founder

Aashray Farms
11.2020 - 11.2022

Head Agriculture & Re-insurance Treaties

Digit Insurance
11.2017 - 11.2020

Senior Agriculture Underwriter

Bajaj Allianz General Insurance Co. Ltd.
07.2015 - 11.2017

Product Manager (Weather Insurance)

ICICI Lombard
03.2014 - 07.2015

Project Intern

Tata Consultancy Services
03.2013 - 05.2013

Master of Business Administration (MBA) - Finance & Banking

IBS Hyderabad
01.2012 - 1 2014

B-Tech - Electronics and Telecommunications

National Institute of Technology Raipur
01.2007 - 1 2011

12th Board ( AISSCE) - Science ( PCM)

Delhi Public School Vindhyanagar
01.2005 - 1 2006

All Subjects - undefined

Delhi Public School Vindhyanagar
01.2003 - 1 2004
Vikas SinghParametric Climate Insurance Expert