Summary
Overview
Work History
Education
Skills
Key Result Areas
Othereducationalqualification
Personal Information
Dateofbirth
Languages
Interests
Technological innovation
Saksham Award Winner 2 : Quick Starter of the Year
Timeline
Generic
Vikram Ghugare

Vikram Ghugare

Corporate insurance business manager
Mumbai

Summary

Result oriented professional with proven track record of 15 plus years in creating successful businesses and business transformation in insurance industry. I have always believed in leading from front, generating new business, developing team & increase revenue.

Currently associated with Aditya Birla Insurance Brokers Ltd.

A proactive leader with skills in business development, advertising, competitor and market analysis, and targeted marketing. Possess excellent communication and relationship management skills with proven abilities in exceeding business targets consistently across assignments and thereby adding to the revenue growth. Strong leader and problem-solver dedicated to streamlining operations to decrease costs and promote organizational efficiency. Uses independent decision-making skills and sound judgment to positively impact company success. Proactive manager with demonstrated leadership abilities, strategic planning expertise and problem-solving acumen. Assists senior managers with accomplishing demanding targets by encouraging staff and coordinating resources. Methodical and well-organized in optimizing coverage to meet operational demands. Multi-tasking Manager well-known for creating positive workplace culture and high-performing teams. Demonstrated insurance product's expertise, including competitive offerings, pricing, and market positioning. Innovative and goal-oriented Management professional committed to business development.

Overview

14
14
years of professional experience

Work History

Assistant Manager

Hdfc Ergo General Insurance Company
2010.12 - 2016.08
  • Relationship Management: Manage the annual renewal & prospect client data
  • Maintain existing relationship’s & increase the wallet share
  • TAP the new market, as per the underwriting guidelines
  • Internal departmental Management: Manage to balance between customer demands and underwriting guidelines
  • Managing internal customer relation and ensuring maximum customer satisfaction by providing post sales services
  • Timely update on SOP’s and guide internal team accordingly
  • Make sure 100% compliance
  • Training & Development: Taking timely training’s as per HR guidelines, ensuring career development leading to positive contribution to the performance of the company.
  • Supervised day-to-day operations to meet performance, quality and service expectations.
  • Improved customer satisfaction by addressing and resolving complaints promptly.
  • Developed strong working relationships with staff, fostering a positive work environment.
  • Collaborated with the management team to develop strategic plans for business growth and improvement.

Associate Vice Presidents (AVP) – Corporate Consultant

Futurisk Insurance Broking Pvt Ltd.
2020.01 - 2022.05
  • Branch Business Development: Analysis current market trends and offering customized insurance solutions for clients
  • Cross sale Non-EB & EB products to the existing client – Achieved 90 % as of now with respective renewal dates & new products
  • Increase the revenue for the branch – Achieved the increment by 120%
  • Set up the placement team for location for Non EB & EB products
  • Done agreements with PAN India Insurers for a smooth transaction
  • Recruiting & training the new employees for products & services
  • Increase the client tail by 32 new clients
  • Under Writing & Operations: Underwriting and Recommend Improvements in coverage’s for the betterment of policies
  • Review and Understand the Insurance Requirements
  • Arranging policy endorsements based on Client Needs
  • Prepare broker slips & floating RFQs
  • Approach various Insurance companies for obtaining Competitive Quotes
  • Organizing Quote comparative analysis with recommendations
  • Ensuring smooth coordination of placement & concluding by timely issuance of Held cover letter & policies
  • Claims Management
  • Client Relationship/Servicing Underwriting and Recommend Improvements in coverage’s for the betterment of policies.
  • Enhanced business performance with comprehensive market research and strategic recommendations.
  • Trained employees on best practices, enhancing skillsets and productivity levels across the organization.
  • Identified key areas for improvement within businesses, implementing necessary changes to drive success.
  • Provided expert advice on mergers and acquisitions, facilitating smooth transitions during periods of change.

Dy. Manager - Corporate Solutions Group

Hero Insurance Broking India Pvt Ltd.
2018.09 - 2020.01
  • Marketing: Assisting in formulating business plan Business activity & development in the team in consultation with Managers for organizational development
  • Providing direction to execute promotions
  • Developing/sustaining the existing network.
  • Maintained, documented and presented progress reports to leaders.
  • Enhanced supervisory and leadership abilities by working closely with supervisor.
  • Identified areas for improvement within the department, implementing strategic initiatives to address gaps in performance or resources.
  • Oversaw daily operations of the department, ensuring maximum productivity and adherence to company policies.

Senior Manager

Ideal Insurance Broking
2016.08 - 2018.08
  • Business Development: Devise sales targets on the basis of historical performance and the business plan for the assigned period
  • Cross selling the products to a customer in order to fulfil customer’s need and generate revenue
  • Keeping abreast with the competition and mapping their critical parameters to ensure that it doesn’t cannibalize our business
  • Team Management: Motivating, guiding and directing the Team
  • Effective communication of targets
  • Offering good performers necessary direction and growth within the organization in terms of rewards, recognition, hierarchy and responsibility to create a next line of leadership
  • Key Account Management /Channel Management: Develop relationships with key decision-makers of clients & channel partners for business development
  • Devise sales targets and achieving them in a given time frame thereby enhancing existing clientele
  • Identify and develop new streams for revenue growth and maintaining relationships
  • Selection and scrutiny of the channel based on business potential and dynamics
  • Consistent tracking of competitor products and offering in the assigned territory.
  • Established strong relationships with clients and stakeholders, ensuring long-term partnerships and repeat business.
  • Implemented and developed operational standards, policies and procedures.
  • Held monthly meetings to create business plans and workshops to drive successful business.
  • Led cross-functional teams to achieve project milestones and deliver high-quality results.

Deputy Regional Manager

Aditya Birla Insurance Brokers
2022.06 - Current
  • Developed strong relationships with key clients by providing exceptional service and understanding their specific needs.
  • Finalized sales contracts with high-value customers.
  • Exceeded quarterly & annual sales targets consistently by leveraging extensive product knowledge and effective selling techniques.
  • Analyzed competitor offerings to devise targeted sales pitches, effectively differentiating our products from competitors in the marketplace.
  • Proactively identified potential bottlenecks in the sales pipeline to minimize risks and maintain a healthy deal flow for sustained revenue growth..
  • Organized regular sales meetings, providing comprehensive updates on market trends, competitor analysis, and new product developments.
  • Achieved regional sales objectives by coordinating sales team, developing successful strategies, and servicing accounts to strengthen business relationships.
  • Negotiated favorable contract terms with vendors in support of cost reduction efforts and improved profitability margins for the region''s business operations.
  • Built relationships with customers and community to establish long-term business growth.
  • Exceeded sales quotas and increased profitability through effective sales strategy and business planning.
  • Managed accounts to retain existing relationships and grow share of business.

Education

MBA - Finance

SIKKIM MANIPAL UNIVERSIY
Mumbai, India

T.Y.B.COM - undefined

MUMBAI UNIVERSITY

H.S.C. - undefined

MUMBAI BOARD

S.S.C. - undefined

MUMBAI BOARD

Skills

Operations Management

Key Result Areas

  • Hero Insurance Broking India Pvt Ltd., Mumbai, Dy. Manager - Corporate Solutions Group, Marketing Assisting in formulating business plan Business activity & development in the team in consultation with Managers for organisational development. Providing direction to execute promotions. Developing/sustaining the existing network.
  • Ideal Insurance Broking, Mumbai, Senior Manager, Business Development Devise sales targets on the basis of historical performance and the business plan for the assigned period. Cross selling the products to a customer in order to fulfil customer’s need and generate revenue. Keeping abreast with the competition and mapping their critical parameters to ensure that it doesn’t cannibalize our business. Team Management Motivating, guiding and directing the Team. Effective communication of targets. Offering good performers necessary direction and growth within the organization in terms of rewards, recognition, hierarchy and responsibility to create a next line of leadership. Key Account Management /Channel Management Develop relationships with key decision-makers of clients & channel partners for business development. Devise sales targets and achieving them in a given time frame thereby enhancing existing clientele. Identify and develop new streams for revenue growth and maintaining relationships. Selection and scrutiny of the channel based on business potential and dynamics. Consistent tracking of competitor products and offering in the assigned territory.
  • Hdfc Ergo General Insurance Company, Mumbai, Assistant Manager, Relationship Management: Manage the annual renewal & prospect client data. Maintain existing relationship’s & increase the wallet share. TAP the new market, as per the underwriting guidelines. Internal departmental Management Manage to balance between customer demands and underwriting guidelines. Managing internal customer relation and ensuring maximum customer satisfaction by providing post sales services. Timely update on SOP’s and guide internal team accordingly. Make sure 100% compliance. Training & Development Taking timely training’s as per HR guidelines, ensuring career development leading to positive contribution to the performance of the company.

Othereducationalqualification

  • Passed MS-CIT with A – Grade.
  • Tally 7.2(Accounting software)
  • Broking Licence ( Direct- General & Life)
  • Pursuing for Licentiate(IRDA)

Personal Information

  • Father's Name: MARUTI K. GHUGARE
  • Date of Birth: 07/29/85
  • Marital Status: Married

Dateofbirth

07/29/85

Languages

English, Hindi and Marathi.
Advanced (C1)
English
Advanced (C1)

Interests

Technological product innovation

Technological innovation

Technology innovation drives improvements in efficiency and productivity. By introducing new technologies, automation, and streamlined processes, organizations can optimize operations, reduce costs, and increase output. This leads to improved efficiency, higher profitability, and the ability to deliver products and services more effectively.

Saksham Award Winner 2 : Quick Starter of the Year

The Saksham Award for Quick Starter of the Year is an honor recognized by a reputed business conglomerate is a testament to the awardee's exceptional skills, dedication, and innovative approach.


The award is focus on achievements as below:
- Quick market entry and customer acquisition
- Fast adaptation to changing market conditions
- Innovative use of available resources
- Achieving significant milestones in a short timeframe

Receiving this award would be a notable recognition of one's ability to move swiftly and effectively in a competitive business environment.

Timeline

Deputy Regional Manager

Aditya Birla Insurance Brokers
2022.06 - Current

Associate Vice Presidents (AVP) – Corporate Consultant

Futurisk Insurance Broking Pvt Ltd.
2020.01 - 2022.05

Dy. Manager - Corporate Solutions Group

Hero Insurance Broking India Pvt Ltd.
2018.09 - 2020.01

Senior Manager

Ideal Insurance Broking
2016.08 - 2018.08

Assistant Manager

Hdfc Ergo General Insurance Company
2010.12 - 2016.08

MBA - Finance

SIKKIM MANIPAL UNIVERSIY

T.Y.B.COM - undefined

MUMBAI UNIVERSITY

H.S.C. - undefined

MUMBAI BOARD

S.S.C. - undefined

MUMBAI BOARD
Vikram GhugareCorporate insurance business manager