Sriram Kumar Email and Phone Number
Sriram Kumar personal email
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A Dynamic insurance strategist with 360 degrees of exposure in all the facets of the Insurance Industry across India, APAC UK, MIddle East & KSA. Change enabler, with over 36+ years expertise in Stitching together,structuring & Managing Complex Insurance Solutions, Insurance Technical Requirements, Claims Management, Underwriting, Risk Management, Idea-ting & Implementing Strategic Initiatives for generating New Business Development propositions, establishing & leading profit center operations for corporate business operations, providing customized insurance solutions as per the clients’ requirements to penetrate and enhance key accounts growth, Tie-ups with channel & strategic business partners to generate new global insurance accounts, team building & leadership growth within the organization. Unique exposure to the entire insurance ecosystem in India in all aspects of insurance- a) working for a Leading PSU Insurer, b) a leading private sector insurer, c) Head Insurance practice & Principal Consultant of Insurance CoE for a leading global software assurance provider, d) Heading Corporate solutions group for a global top 3 MNC Insurance Broker & now e) COO and PO for a leading Indian Insurance Broking Co. This is a comprehensive exposure into all aspects of Life & General Insurance placement, Claims Consulting & Risk assessment & Risk Engineering, Re-insurance placements both in Commercial and retail sectors. Currently managing one of the largest specie placement in India with a state of the art All risk solution to bullion and specie along with managing a large retail and corporate book.While designing corporate insurance solutions for Manufacturing, Infrastructure, Power, Shipping, Construction, IT, Retailing , Sports, Media, Film insurance & other commercial sectors, I have scaled up business and revenue by setting up profitable insurance centres of excellence, converted knotty insurance accounts, acquired & retained prominent accounts in a highly competitive market scenario. Backed by excellent negotiation & presentation skills, I have finalized deals & obtained maximum coverage coupled with cost optimum premium resulting in conversion of new accounts & retention of existing accounts. With right mix of technology understanding and Insurance Sector exposure, I have handled Insurance Vertical of the IT companies and ensured project delivery on-time, resulting in acquisition of new clients and closure of profitable contracts
Muthoot Risk Insurance And Broking Services (Pvt.) Ltd.
View- Website:
- muthoot.com
- Employees:
- 15835
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Principal Officer And Chief Executive OfficerMuthoot Risk Insurance And Broking Services (Pvt.) Ltd.Thiruvananthapuram, Kl, In
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Principal Officer & Chief Executive OfficerMuthoot Risk Insurance And Broking Services (Pvt.) Ltd. Aug 2022 - PresentTrivandrum, Kerala, IndiaInsurance Broking -
Principal Officer And Chief Operating OfficerMuthoot Risk Insurance And Broking Services (Pvt.) Ltd. Aug 2017 - Jul 2022Headquartered In Trivandrum With A Network Of 3750+ Branches Of MflA leading Direct Insurance Broker in both Life & Non Life Solutions . I took over as the Chief Operating Officer & Principal Officer to synergize the Insurance potential of the Muthoot Pappachan Group with over 15 group Co 's & a huge Corporate & Retail potential of the Group. The Corporate book includes the large Gold holdings of the group spread over 3700 branches in India besides a plethora of business interests such as Microfinance, Vehicle finance, Housing Finance, Renewable Energy, Automotive Dealerships, Precious Metals, Housing, IT parks, Films, Sports, Medical, Infra & of course the massive retail book on a Bancassurance model.Have increased Revenues from INR 3 Crores in 16-17 to INR 20 Crores in 20-21 & EBITA from INR (-) 25 Lakhs in 16-17 to (+) INR 12.50 Crores in 20-21. Am currently managing a total work force of over 125 members & also coordinating with the entire Muthoot employee group size of over 25,000 members.Has also initiated a Corporate Insurance vertical ( apart from Group business) & managing a large portfolio of over INR 4 Crores Revenue of Corporate accounts apart from Group business. The role also includes being the Principal Officer reporting to IRDA and has managed IRDA audits & Inspections
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Senior Vice President- New Business Initiatives -P&CWillis Towers Watson India Insurance Brokers P Ltd. Nov 2011 - Jul 2017Chennai Area, India Steering complete business operations in South India including set up of business processes and generating business from P&C, EB & Finex. Singlehandedly expanded the non network accounts of WTW with several new accounts brought in including those of Marsh India Spearheading new initiative from 2011 to develop the SME/Direct to Market segment & create a business stream quite apart from the Global & Network accounts of Willis & establish new avenues for the Direct Non network & non global relationships Lead key Strategic Initiatives to develop new business acquisition opportunities to enhance market penetration and forge alliances for business expansion, consolidation, profit generation and deeper market penetration Recorded an individual broking revenue of INR 7.50 crores in 16-17 Credited as the largest contributor to business in the South India. Acquired 45+ high profile new accounts in less than 3 years across diverse sectors such as IT, Power, Publishing, Manufacturing, Jewelers, Shipbuilding, Finance, Manufacturing & Infra. Was personally credited with bringing in the Chennai Metro TBM ( Tunnel boring Machines) in 15-16 & 16-17 with a Revenue to WTW of appx INR 1.75 Crores Ideated personalized insurance solutions for Infrastructure, Heavy Engineering & Construction Sectors for local as well as Global clients Streamlined internal processes & help put in place the WEM (Willis Excellence Model) of compliance Administering the “Willis Global Network” client portfolios in India efficiently Overhauled the client’s portfolio and also provided strategic advice w.r.t., renewal, extensions, adequacy of coverage etc. Aggressively negotiated and closed several large deals in Corporate Life Insurance including Group Gratuity, Group term, EDLI.
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Principal Consultant- Insurance Practice/Coe & Vice President Apac, Middle East & Saudi ArabiaMaveric Systems Ltd Oct 2007 - Oct 2011Asia Pacific, Middle East & Saudi Regions Spearheaded BD operations for Insurance Testing services and finalized entire location related infrastructure. Set up operations in the ME, KSA (Dubai, Saudi Arabia & Bahrain) & APAC region including Malaysia, Indonesia, Singapore & Thailand and opened up liaising channels with ROC, Immigration authorities & local partners. Made Tie-ups with channel Partners across all locations for Visa, Infra, Referral, Projects & Strategic relationships. Concluded partner tie-ups with leading SI’s in Indonesia & Malaysia Recorded sales of US$ 2 Million within first 6 months of the Insurance practice launch in Dubai, Bahrain & KSA. Solely converted 8 new Insurance accounts in Dubai, KSA KL, Jakarta & Singapore and attained contracted sales of US$ 3 million within 4 months of taking charge. Commenced Insurance training program with a Leading Malaysian University Obtained Maveric’s first half a million dollar insurance deal along with a large Takaful Insurer. Carried out academic tie-up with a premier Academic body for inputs in Takaful Insurance domain. Made bid for one of the largest Insurance projects in the Malaysian Govt. Administered entire Sales in India along with the responsibility of the Principal – Insurance CoE & acquired 15 new clients in 3 years & transformed it into a profit center in 3 years. Acquired clients including United India Insurance Co, SBI Life, SBI General, IDBI Fortis & Allianz Cornhill in India besides Brit Insurance, Lumley General Insurance, Whittington GI, Zurich, Hartford, MCIS & Al Jazeera outside India. Felicitated with ‘one of the Outstanding Employees of the Year’ award in Maveric’s annual event “Bohemia”. Finalized a 1 year exclusive Testing partnership with TCS for product testing of the Bancs application out of Kolkata. Closed contracts with Insurance clients in locations from UK to KSA to Middle East Member of the Insurance Professionals’ Association & Insurance sales Leadership Forum for APAC/ India
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Senior Manager - Commercial LinesHdfc Chubb General Insurance/ Hdfc Ergo General Insurance Oct 2004 - Oct 2007Coimbatore & Kerala Region, India Handled regional business operations in ROTN markets - Coimbatore, Tirupur, Erode, Salem & Madurai Finalized formalities for the exit of Chubb from India & the entry of Ergo with no impact on business. Recruited BDM’s for each location in ROTN. Attained highest business revenue in the region for Chubb & Ergo duly accepted by the underwriter - a record for an underwriting centric insurer Received the highest performance rating in the annual appraisals for the South Conducted training sessions in- house for new recruits Clinched in several areas of underwriting which Chubb does not write by providing compelling reasons to do otherwise. Rewarded with the “Outstanding Commercial Lines Head” for 06-07 By HDFC Chubb General Insurance Co. -
Senior Branch Manager / Divisional ManagerNational Insurance Company Limited Apr 1987 - Oct 2004Chennai And Coimbatore Area, India Credentials of being the only Marketing Manager to overachieve targets every year from 1995 till 2005 Pioneered customized schemes such as Extended Warranty & Group Medical & accident schemes. Key role in introducing the revolutionary Extended Warranty scheme for Tata vehicles & a leading Tractor manufacturer throughout India Led, mentored and administered large teams comprising - several Development Officers & over a 100 Agents, 6 Banc assurance partners & large referral base besides 3 corporate Agents. Looked after one of the Largest Operating offices under the Coimbatore Division Felicitated as the Most Active Marketing Manager 5 years in a row by the Corporate Office Recipient of several commendations from clients. Managed underwriting of all lines of business in locations ranging from Kolkata to Bangalore to Chennai. Acquired large project insurances such as IAR/ CAR/Credit Insurance Imparted trainings at the Training academy at Chennai , NIA-Pune & the Insurance Institute of India Taught Insurance at National Insurance Academy-Pune Recipient of the Best Branch/Divisional Manager award from National Insurance Co .Ltd for 3 years in a row
Sriram Kumar Skills
Sriram Kumar Education Details
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Institute Of Chartered Accountants Of IndiaAccountancy -
Irda Broker ExaminationTopper
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The Insurance Institute Of IndiaGeneral Insurance
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Loyola College- Chennai IndiaEconomics
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Vivekananda CollegeEconomics
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Don Bosco- Egmore In Chennai
Frequently Asked Questions about Sriram Kumar
What company does Sriram Kumar work for?
Sriram Kumar works for Muthoot Risk Insurance And Broking Services (Pvt.) Ltd.
What is Sriram Kumar's role at the current company?
Sriram Kumar's current role is Principal Officer and Chief Executive Officer.
What is Sriram Kumar's email address?
Sriram Kumar's email address is sr****@****ail.com
What schools did Sriram Kumar attend?
Sriram Kumar attended Institute Of Chartered Accountants Of India, Irda Broker Examination, The Insurance Institute Of India, Loyola College- Chennai India, Vivekananda College, Don Bosco- Egmore In Chennai.
What are some of Sriram Kumar's interests?
Sriram Kumar has interest in Animal Welfare, Arts And Culture.
What skills is Sriram Kumar known for?
Sriram Kumar has skills like Risk Management, Team Management, Strategy Planning And Execution, Operational Excellence, Business/ Client Acquisition, Underwriting, Training, Turnaround And Change, Insurance Consultancy, Claims Settlement, New Business Initiatives, Business Process Re Engineering.
Who are Sriram Kumar's colleagues?
Sriram Kumar's colleagues are Shibu C, Ravind Joshi, Sinu G, Deepesh Kumar, Smitha A G, Megha Nimshil, Bismay Khandual.
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Sriram Kumar
Application Performance | Application Design | Enterprise Architecture | Cloud | Security | AutomationBengaluru4gmail.com, gmail.com, gmail.com, gmail.com -
Sriram Kumar
Associate Director - Engineering @ Gupshup | Chatbots, Product Management, Gen AiChennai2gmail.com, active.ai -
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