Debajit Choudhury Email & Phone Number

Mumbai, Mh, In

Mumbai, Maharashtra, India

Mumbai, Maharashtra, India

Heading New Business Placement and Underwriting for all lines of business pan India

Mumbai Area, India

• Planning, designing and implementing an overall risk management process/protocols for Siemens Ltd(India, Bangladesh and Sri Lanka)• Risk assessment, which involves analyzing risks as well as identifying, describing and estimating the risks affecting the business.• Risk evaluation, which involves comparing estimated risks with criteria established by the organization such as costs, legal requirements and evaluating Siemens previous handling of risks;• To design master insurance… Show more • Planning, designing and implementing an overall risk management process/protocols for Siemens Ltd(India, Bangladesh and Sri Lanka)• Risk assessment, which involves analyzing risks as well as identifying, describing and estimating the risks affecting the business.• Risk evaluation, which involves comparing estimated risks with criteria established by the organization such as costs, legal requirements and evaluating Siemens previous handling of risks;• To design master insurance programs (all lines of business plus the project insurances) and self-insurance programs including the preparation of underwriting specifications.• Prepare risk management and insurance budgets and allocate claim costs and premiums to various divisions.• Providing support, education and training to staff to build risk awareness within the organization.• To actively participate on all contract negotiations (Energy, Industry, Metal Technologies, Healthcare and Mobility) involving insurance, indemnity, or other pure risk assumptions or provisions prior to the execution of the contracts. To establish indemnity and insurance standards for standard contract forms. • Maintain control over the claims process to assure that claims are being settled fairly, consistently, and in the best interest of Siemens• To select and manage insurance brokerage representatives, insurance carriers and other necessary risk management services providers.• Involved with the creation of an insurance tool that provides automatic estimated premiums for certain degree of projects plus acts as a portal for storage of all insurance policies, endorsements, extensions and claims data.• Involved with various merger and demerger activities and acting as a risk advisory to all the new companies that are so created.• Act as Direct interface with Siemens Germany (SAG, Mother company) for all risk/claims related enquiries regard Siemens Ltd. Show less

Mumbai Area, India

• Act as a claim consultant to the top companies based in India and abroad, providing expertise during different types of risk exposure• Assist the underwriting team in risk mitigation.• Site visits for a technical overview of every major loss above Rs 5 lacs.• Assist Business Heads,Relationship Managers for all claims reported pan India• Assist the business heads during new client acquisition by showcasing superior claim settlement of the entire team.• Quarterly reviews of… Show more • Act as a claim consultant to the top companies based in India and abroad, providing expertise during different types of risk exposure• Assist the underwriting team in risk mitigation.• Site visits for a technical overview of every major loss above Rs 5 lacs.• Assist Business Heads,Relationship Managers for all claims reported pan India• Assist the business heads during new client acquisition by showcasing superior claim settlement of the entire team.• Quarterly reviews of the client’s risk exposure and offering technical solutions for the same.• Need based meetings with the insurers for timely claim settlement and creating system of protocols for newly acquired clients to smoothen the claim process. • Conduct trainings for all internal systems on various insurance process and portals.• Create Claim analysis for all major clients showcasing the broker’s contribution to the client portfolio. Show less

Mumbai Area, India

Responsibilities:-Marine, Property, Engineering & Energy claims:-• Timely Creation of newly reported Claims reported under various direct and/or broker treaty reinsurance agreement• Establishing timely and appropriate case reserves• Conduct the investigation of large Commercial Lines Marine/property losses and resolve the issues involved in a time bound approach• Settle Claims after determining insurance carrier’s liability, obtain demands and make offers to… Show more Responsibilities:-Marine, Property, Engineering & Energy claims:-• Timely Creation of newly reported Claims reported under various direct and/or broker treaty reinsurance agreement• Establishing timely and appropriate case reserves• Conduct the investigation of large Commercial Lines Marine/property losses and resolve the issues involved in a time bound approach• Settle Claims after determining insurance carrier’s liability, obtain demands and make offers to Claimants, issue settlement checks, dispose of salvage, identify and pursue subrogation opportunities when appropriate• Oversee thorough investigation by independent adjusters including securing a recorded statement of involved parties and obtaining diagrams and photographs• Interpret various policy forms and establish applicable coverage and determine any exclusion which may apply • Direct outside vendors retained to assist in the Claim investigation and manage outside or staff counsel in regards to litigation and subrogation which indirectly helps in controlling claim costs• Serve as liaison with Brokers, other insures and our underwriting department on risk mitigation and other areas of concern• Maintaining Professional and technical knowledge through continuous education programmes• Detailed analysis of major portfolios and accordingly recommending the underwriting dept. for suitable amendments in the policy conditions, warranties, if any. Show less