Sanjay Kumar

Sanjay Kumar Email and Phone Number

CEO & Principal Officer, BizBima Insurance Broking @ BizBima
Sanjay Kumar's Location
Mumbai, Maharashtra, India, India
Sanjay Kumar's Contact Details

Sanjay Kumar work email

Sanjay Kumar personal email

n/a
About Sanjay Kumar

32+ years in leadership and business roles in both Public and Private Sector Insurance. Set up new business from scratch in two different organisations - in BSE EBIX Insurance Broking & LnT General Insurance. Now setting up third start up - BizBima insurance Broking . Always looking at technology based business model to redefine insurance selling and customer support in India. Skilled in Underwriting ,Claims, Sales,product development,& General Administration.Specialties: Start up operations, Underwriting & Insurance Solutions, budgeting and business planning, CRM,placement of business and reinsurance

Sanjay Kumar's Current Company Details
BizBima

Bizbima

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CEO & Principal Officer, BizBima Insurance Broking
Sanjay Kumar Work Experience Details
  • Bizbima
    Ceo & Principal Officer
    Bizbima Apr 2023 - Present
    Mumbai, Maharashtra, India
  • Bse Ebix
    Principal Officer
    Bse Ebix Jun 2017 - Mar 2023
    Mumbai Area, India
    First Principal Officer of BSE Ebix Insurance. Instrumental in stiching Joint Venture between Bombay Stock Exchange(BSE Ltd) and Nasdaq listed Ebix Inc from Atlanta ,USA.Concluded Registration of the company with MCA and license approval and its renewal in Dec 2022 from Regulator IRDAI.Built full stack startup ecosystem to launch insurance broking and built strategic partnership with Distributors and insurance companies.BSE Ebix works on a B2B2C model,backed by worldclass Ebix… Show more First Principal Officer of BSE Ebix Insurance. Instrumental in stiching Joint Venture between Bombay Stock Exchange(BSE Ltd) and Nasdaq listed Ebix Inc from Atlanta ,USA.Concluded Registration of the company with MCA and license approval and its renewal in Dec 2022 from Regulator IRDAI.Built full stack startup ecosystem to launch insurance broking and built strategic partnership with Distributors and insurance companies.BSE Ebix works on a B2B2C model,backed by worldclass Ebix technology platform which enables PoSPs to offer instant Insurance products to their customers at a competitive premium.System integration with 20+ Insurance companies in General,Health and Life,Besides retail business, managed commercial product businesses also with over 40 In house companies in Fire,package,liability,employee benefits, Group life,CGL policy,crime Insurance policy,cyber risk protector,Directors and Officer liability etc) worth over 20 crores.Managed policy and RI support for IPL cricket Team. Show less
  • Bharti Axa General Insurance
    Vice President & Head Motor Underwriting & Ex Com Member
    Bharti Axa General Insurance May 2014 - May 2017
    Corporate Office, Bengaluru Area, India
    Responsible to drive "Profitable Motor Growth”. Formulated suitable pricing strategy, guidelines,control for risk acceptance and developed new products as per customer requirements. One of the key focus area was higher automation, data availability & analysis for key decisions.Managed over 1000 crs of Motor Business.New relationship stiched with American Express,Airtel Payment back and Suzuki.Provided support to OEM tieups of Hyundai,Renault,Nissan,Ashok Leyland,Top… Show more Responsible to drive "Profitable Motor Growth”. Formulated suitable pricing strategy, guidelines,control for risk acceptance and developed new products as per customer requirements. One of the key focus area was higher automation, data availability & analysis for key decisions.Managed over 1000 crs of Motor Business.New relationship stiched with American Express,Airtel Payment back and Suzuki.Provided support to OEM tieups of Hyundai,Renault,Nissan,Ashok Leyland,Top line grew by 9% and digital channel by 74%.Interfaced with Reinsurance dept and reinsurer to process their participation on reinsurer program. Negotiated contract terms with Reinsurer for the best protection available.Structured Reinsurance programs to maximise client benefits.Reconciliation of Reinsurance accounts and reconciliation of Reinsurance premium and claims. Show less
  • L&T General Insurance Company Limited
    Assistant General Manager & Head Retail Underwriting
    L&T General Insurance Company Limited Oct 2010 - May 2014
    Mumbai
    Head of Retail Underwriting.Involved in setting up product, process and system in retail product in a New Company.Developed and got approval for various retail products from IRDAI andAlso Got Product of the Year Award in 2013 for Home Insurance Product ( survey conducted by Nielsen.)Completed a Project on Simplification of Wording for Medisure Classic and shared with IRDAI– First of its kind in Indian Insurance Industry,Formulated a bundled Product for Tractor… Show more Head of Retail Underwriting.Involved in setting up product, process and system in retail product in a New Company.Developed and got approval for various retail products from IRDAI andAlso Got Product of the Year Award in 2013 for Home Insurance Product ( survey conducted by Nielsen.)Completed a Project on Simplification of Wording for Medisure Classic and shared with IRDAI– First of its kind in Indian Insurance Industry,Formulated a bundled Product for Tractor Financed through L&T Finance.Got Facultative Reinsurance Support from Reinsurer for Individual large risk.Discussed and Finalised excess of loss treaty for no of lines in consultation with Reinsurance Dept Show less
  • Tata Aig General Insurance Company Limited
    Manager, Personal Lines
    Tata Aig General Insurance Company Limited Dec 2006 - Oct 2010
    Corporate Office, Mumbai Area, India
    Managed Personal lines Underwriting at Corporate Office for pan India.Formulated Underwriting rules and process, Engaged in regular product development- First in insurance Industry to launch Add on Cover for Motor, involved in revision of Home product reviewed PCG and Plus product.Conducted U/w audits of all the Zones and, Reviewed Portfolio performance periodically.
  • National Insurance Co. Ltd
    Asst Divisional Manager & Branch Manager
    National Insurance Co. Ltd Apr 1991 - Dec 2006
    Various Locations
    Joined as Direct Recruit as AAO. Worked in various departments in Branch, Division and Regional Offices for 15 years before moving to Private Sector.Major Achievements:Got appreciation from Courts for settling 300 Mact claims in two sittings in Balaghat, Chattisgarh. Did Banca Business from 60 Branches of Bank of India, Indian Overseas bank, Allahabad bank under Bancassurance Tie ups

Sanjay Kumar Skills

Financial Risk Management Claims Management Reinsurance Property And Casualty Insurance Relationship Management Health Insurance General Insurance Team Management Underwriting Portfolio Management

Sanjay Kumar Education Details

  • Fellow Of Insurance Institute Of India
    Fellow Of Insurance Institute Of India
  • Institute Of Management Studies, Davv, Indore
    Institute Of Management Studies, Davv, Indore
    Specialisation In Marketing
  • School Of International Studies, Jnu, New Delhi
    School Of International Studies, Jnu, New Delhi
    International Politics

Frequently Asked Questions about Sanjay Kumar

What company does Sanjay Kumar work for?

Sanjay Kumar works for Bizbima

What is Sanjay Kumar's role at the current company?

Sanjay Kumar's current role is CEO & Principal Officer, BizBima Insurance Broking.

What is Sanjay Kumar's email address?

Sanjay Kumar's email address is sa****@****i.co.in

What schools did Sanjay Kumar attend?

Sanjay Kumar attended Fellow Of Insurance Institute Of India, Institute Of Management Studies, Davv, Indore, School Of International Studies, Jnu, New Delhi.

What skills is Sanjay Kumar known for?

Sanjay Kumar has skills like Financial Risk, Management, Claims Management, Reinsurance, Property And Casualty Insurance, Relationship Management, Health Insurance, General Insurance, Team Management, Underwriting, Portfolio Management.

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