VINOD JAIRAM CHOURASIYA
Mumbai
Summary
Dynamic General Manager with extensive experience at Star Health & Allied Insurance, excelling in regulatory compliance and process automation. Proven track record in enhancing operational efficiency, achieving a 71% reduction in report preparation time. Skilled in stakeholder engagement and data visualization, driving impactful decision-making through innovative solutions.
Overview
18
18
years of professional experience
Work History
General Manager
Star Health & Allied Insurance
02.2021 - Current
- Proficient in managing regulatory data submission warehouses and maintaining comprehensive historical data records, along with necessary approval documents, in coordination with IIB, IRDAI (Insurance Regulatory and Development Authority of India), General Insurance Council (GIC), Ministry of Health, and IIB (Insurance Information Bureau of India)
- Accountable for regulatory submissions, ensuring strict adherence to requirements and filing deadlines
- Experienced in addressing noncompliance issues, implementing, and monitoring robust compliance controls to guarantee complete adherence to report submission standards
- Adept at leading cross-functional teams, building strong relationships with key stakeholders, and effectively conveying complex information in a clear and concise manner
- Managed the regulatory data submission warehouse, maintaining historical data records and approval documents in coordination with IIB, IRDAI, GIC, Ministry of Health, and the Insurance Information Bureau of India
- Supported submissions for Public Disclosure, Non-Life Forms, BAP (I to X), HIR Forms, IIB data, portability (Port-in and Port-out), and various ad hoc reports for DFS and GIC
- Automated regulatory reports, including Public Disclosures, HIR, Form I to X, and IIB TAC monthly submissions, reducing man-days from 7 to 2, significantly improving efficiency and cost savings
- Spearheaded API integration for daily data submissions related to policy, member, and claims
- Developed the BIMA SATARK trigger process for identifying suspected fraud cases, analyzing efficiency, and sharing findings with management and IIB
- Contributed to the development of portability integrations to enable real-time decision-making for Port-in policies
- Created dashboards to track daily Port-out policies, identifying reasons and insurer-wise porting trends
- Initiated proactive measures to retain port-out customers by providing daily reports and SMS updates to SMs and agents
- Automated the API BIMA SATARK IIB project for daily claim uploads
- Appointed as Nodal Officer and Star Health SPOC for IIB, ensuring seamless coordination
- Represented Star Health as the SPOC to coordinate IIB services effectively
- Implemented a process to track 45+ regulatory submissions, reducing submission errors by 100%
- Contributed as a member of the BIMA VAHAK VISTAAR committee to finalize the common MIS format
- Collaborated with IIB to establish an insurer group and secured an opportunity to become a member, contributing to the enhancement of data submission processes and the development of suggestions for logic improvements
Manager
Reliance Nippon Life Insurance
11.2017 - 02.2021
- Responsible for managing the engagement programs to improve productivity and enhancing the development of CDA Channel and F2F- All Women Direct force channel
- Working out cost projections, CBA for all schemes, scheme efficiency analysis, campaign analysis & management and IRDA Audits
- Recently Working on Process Automation for the channel Programs
- Successfully established the Lead Management System for the F2F channel within a record time of 3 months
- Automated payouts and reports for the CDA channel, reducing man-days from 10 to 3, resulting in cost savings and improved distributor satisfaction
- Conducted periodic analysis of incentive and contest data, providing feedback on contest effectiveness to the department
- Maintained historical data for audit purposes, ensuring compliance with IRDAI regulations and proper documentation
- Held regular meetings with key stakeholders to discuss new developments in the incentive reporting system and tracked qualifiers and shortfalls on a daily basis
Sales & Planning Analyst
Liberty Videocon General Insurance
04.2013 - 10.2017
- Responsible for KPI Management for the channel, supporting business head in various sales initiatives to achieve topline & bottom-line revenues
- Responsible for structuring of rewards & recognition programs for distribution channels
- Monitoring response on promotions, collaterals designing, and liasoning with vendors for execution, organizing international & domestic conventions and events
- Consecutive 2 Annual Award for the Best Employee in Support Category
- Established the MIS system of all distribution channels, KPI automation and rating
- Worked on Project to bring efficiency in the process of Collections, reduction in cheque bounce
Asst. Manager
Reliance Life Insurance
12.2006 - 04.2013
- Responsible for MIS reporting and Analytics for the Agency Distribution channel
- Assisted the planning team with data requirements for program designing and analysis
- Started journey from Off-role employee to Assistant Manager and getting 3 promotions in a span of 6 years
- Star Award for set up the CEO – 4 Quadrants dashboard for measuring channel efficiency
Education
Certification -
Insurance Institute of India
Chennai06.2023
Post Graduate Diploma - Business Administration (Marketing & Finance)
Wellingkar College
Matunga01.2015
Graduation - Commerce
Guru Nanak College
Sion-Mumbai03-2004
H.S.C -
Tanna College
Ghatkopar-Mumbai03-2001
S.S.C -
Y.S.K. School
Maharashtra01.1999
Skills
- System Implementation and Development
- Data Analysis and Reporting
- Regulatory Compliance
- Automation and Process Optimization
- Stakeholder Engagement
- Dashboard Creation and Data Visualization
- Project Management
- Communication Skills
Languages
- English
- Hindi
- Marathi
Personal Information
- Date of Birth: 11/03/81
- Nationality: Indian
- Marital Status: Married
Timeline
General Manager
Star Health & Allied Insurance
02.2021 - Current
Manager
Reliance Nippon Life Insurance
11.2017 - 02.2021
Sales & Planning Analyst
Liberty Videocon General Insurance
04.2013 - 10.2017
Asst. Manager
Reliance Life Insurance
12.2006 - 04.2013
Certification -
Insurance Institute of India
Post Graduate Diploma - Business Administration (Marketing & Finance)
Wellingkar College
Graduation - Commerce
Guru Nanak College
H.S.C -
Tanna College
S.S.C -
Y.S.K. School
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