Vivek Narain

Vivek Narain Email and Phone Number

Proponent of Surety Bonds @ Jai Insurance Brokers PVT. LTD.
india
Vivek Narain's Location
Gurgaon, Haryana, India, India
Vivek Narain's Contact Details
About Vivek Narain

Proponent of Surety Bonds with the large insurance Broker - Jai Insurance Brokers, founded 21 years ago.Founder and Co-Promoter of Sana Health Solutions, a Digital Health Fintech Start-up, developing, to cater to the millennials, to help sort out their health concerns relating to well being, finance and insurance with a twist.Certified Corporate Governance Professional from the Indian Institute of Corporate Affairs. Qualified Insurance Professional (Fellow of The Indian Insurance Institute), with over 37 years of global experience in 23 countries. Global Insurance Reach. Passionate about achieving success of various ventures, by improving the quality of 'business' and 'personal life' of business partners. Motivated to increase the efficiency and effectiveness of insurance as a risk management tool in the VUCA (Volatile, Uncertain, Complex and Ambiguous), local and global environments. Worked, in India, Hong Kong and USA, as an insurer, re-insurer, client risk manager, broker and a banker. It give the bandwidth to develop well rounded, compliant and sustainable risk management solutions. The experience enhances Risk and Insurance portfolio value propositions. Dealt with major insurance markets, in London, Germany, Hong Kong, China, India, USA. Developed and managed large global commercial programs in developed countries with dovetailing underdeveloped countries like Indonesia, Malaysia, Thailand, Brazil, South Africa, Denmark, UAE, Egypt and many more.

Vivek Narain's Current Company Details
Jai Insurance Brokers PVT. LTD.

Jai Insurance Brokers Pvt. Ltd.

View
Proponent of Surety Bonds
india
Employees:
3
Vivek Narain Work Experience Details
  • Jai Insurance Brokers Pvt. Ltd.
    Strategic Risk And Insurance Management Specialist
    Jai Insurance Brokers Pvt. Ltd. Apr 2024 - Present
    New Delhi / Ncr
    Surety Bonds - An insurance product to replace Bank Guarantees, be it for Bids, Performance or Advance Payment. They are extending on to maintenance too.
  • Sana Health Solutions Private Limited
    Co-Founder And Promoter
    Sana Health Solutions Private Limited May 2019 - Present
    Gurugram, Haryana, India
    Founder and Co-Promoter of Sana Health Solutions, a Digital Fintech Start-up, developing, to cater to the millennials, to help sort out their health concerns relating to well being, finance and insurance, with a twist.
  • Independent
    Practice Leader
    Independent "Insurance & Risk Management" Consultancy Feb 2016 - Present
    Gurgaon, India
  • Sana Insurance Brokers Private Limited
    Co-Founder And Promoter
    Sana Insurance Brokers Private Limited May 2019 - Oct 2024
    Gurugram, Haryana, India
    We are brokers for commercial lines of business and also specialist in health insurance. The company also provides online health insurance options with a vast variety to choose from.
  • Renew Power
    Independent Insurance And Risk Management Consultant
    Renew Power Apr 2016 - Mar 2017
    Gurgaon
    Strategic risk management consultancy for solar and wind businesses from a perspective of short and long term financial impact.
  • Transvalue Consultants Llp
    Risk Management Specialist
    Transvalue Consultants Llp Sep 2014 - Feb 2016
    Gurgaon, India
    TransValue Consultants, are a boutique management consultancy firm of Actuaries, Valuers and Risk Advisors. www.transvalueconsultants.com.We provide holistic, Enterprise Wide Risk Management solutions.My services in the consultancy group provide for identification, analysis, measurement and transfer of management risks and exposures, through insurance or alternate risk transfer mechanisms. It would relate to management liability, corporate financial exposures or safety &… Show more TransValue Consultants, are a boutique management consultancy firm of Actuaries, Valuers and Risk Advisors. www.transvalueconsultants.com.We provide holistic, Enterprise Wide Risk Management solutions.My services in the consultancy group provide for identification, analysis, measurement and transfer of management risks and exposures, through insurance or alternate risk transfer mechanisms. It would relate to management liability, corporate financial exposures or safety & security of various stake holders. My in-depth technical and acquired skills over a period of 35 years tremendously enhance the value propositions.It compulsorily involves taking cognizance of management objectives and company strategies, for developing a sustainable, integrated and scale-able program, in a way that it adds to the growth and profitability of a company. This leads to advising on proactive management of future contracts and engagements. The success depends on having a buy in of all stake holders and collaborating towards building a culture of treating the company risks and exposures and as one's own.Robustness of the program also comes with strong insurers, re-insurers and brokers. My global experience having worked with 23 countries and integrating 30, out of Hong Kong, USA and India, empowers the clients, in selection of risk management partners and with flow of insurance and risk knowledge, optimally suited to the evolving needs of the organization.Finally, success of various risk management programs, is enabled through well documented processes for management of the risks, right from prevention, mitigation and timely financial recovery from alternate risk takers. Show less
  • Ifc - International Finance Corporation - World Bank Group
    Sr. Insurance Officer
    Ifc - International Finance Corporation - World Bank Group Apr 2013 - Jun 2014
    Washington Dc
    IFC affords a very different perspective of management styles and perspectives which are geared to achieve the twin objectives of The World Bank Group of "Ending Extreme Poverty" & Boosting Shared prosperity". Collaborative and defining, the effective solutions with finance towards a worthy cause, developed in me, a more caring & collaborative approach towards insurance. The key effort was to be extra sensitive towards the smaller clients (borrowers) and creating options, yet not losing the… Show more IFC affords a very different perspective of management styles and perspectives which are geared to achieve the twin objectives of The World Bank Group of "Ending Extreme Poverty" & Boosting Shared prosperity". Collaborative and defining, the effective solutions with finance towards a worthy cause, developed in me, a more caring & collaborative approach towards insurance. The key effort was to be extra sensitive towards the smaller clients (borrowers) and creating options, yet not losing the covers for essential drivers. Strong understanding of various finance agreements and risk management covenants, and insight into the financial models. The financial and professional liability for financial institutions’ is well practiced. World class Property and & Casualty and Financial lines insurance solutions are provided to more than 250 clients of the developing markets with encouragement to locally compliant insurance contracts. The variety of industries of investee companies, the multitude of resources, internal and external, honed the skills of evaluating the exposures. This enhances the credibility of proposed solutions from an IFC Internal insurance advisor and enables the clients to get well defined covers based upon the experience of international markets. Show less
  • Suzlon Energy Limited
    Vice President & Head, Global Insurance And Risk Management
    Suzlon Energy Limited Feb 2010 - Mar 2013
    Pune Area, India
    Collaborated with Chairman and Group CFO in risk management of Wind Turbine life cycle, which entailed predictive modeling of fault rates and costs associated over a 20 year period. Built in intelligence accepted by insurance markets for pricing of warranty covers.Strategic directions given for globalization. The position entailed capturing global exposures across various regions and then assimilating them into insurance programs that seamlessly cater to the needs of the corporation and… Show more Collaborated with Chairman and Group CFO in risk management of Wind Turbine life cycle, which entailed predictive modeling of fault rates and costs associated over a 20 year period. Built in intelligence accepted by insurance markets for pricing of warranty covers.Strategic directions given for globalization. The position entailed capturing global exposures across various regions and then assimilating them into insurance programs that seamlessly cater to the needs of the corporation and removed redundancies from long term sustainability. Substantial savings of US$ 30Mn were achieved in premiums and claims.With 5 continents and approx 30 locations, the key art was to understand the uniqueness in which the perils, affect the operations and putting them into perspective to have optimal solutions through the insurance or ART route. Leadership in handling unique challenges posed for Global Programs operability and resolved effectively, from India. The biggest challenge was to have an integrated program and yet have legal compliance in different jurisdictions. Behind which followed a robust claims management program put in place so that there is seamless coordination and gaps are hedged.Experienced thourough understanding of management of Global Property, D&O, CGL, Marine, Reverse Credit, Warranty insurance covers.Analysed and developed robust Standard Operating procedures for insurance and claims management globally.Developed web based, five language internal insurance risk management program.Management of this position was accentuated by my previous experiences in Re-insurance, overseas eight year in Hong Kong and the strong foundation laid through the Fellowship of the insurance Institute of India. Show less
  • Iffco-Tokio General Insurance Co Ltd
    Vp Global Business Relations And Foreign Inward Re-Insurance
    Iffco-Tokio General Insurance Co Ltd Apr 2008 - Feb 2010
    Development of strategic overseas alliances with Foreign Insurance Companies and Brokers for developing a new inward facultative reinsurance portfolio. Key markets focussed were the MENA and Far East. Though a new player, created an impact in those markets and a profitable portfolio and was recogonised as an alternate to the General Insurance Corporation.
  • Iffco Tokio General Insurance Co Ltd
    Avp-Global Business Relationships & Techno Marketing
    Iffco Tokio General Insurance Co Ltd Apr 2007 - Mar 2008
    Development of strategic value partnership with foreign insurance and reinsurance companies for facilitating cross insurance placement of large multinational clients of India and overseas, a value addition offering.
  • Iffco Tokio General Insurance Company Ltd.
    Avp-Business Head
    Iffco Tokio General Insurance Company Ltd. Feb 2002 - Mar 2007
    New Delhi Area, India
    Operational incharge for the Delhi National Capital Region. Helped set up and manage the growth of the new company in the Northern region and became the second most profitable region in the country. The key focus was management of new relationships with large clients, producers, company branch offices and development of strategic business models for revenue generation.
  • Houlder Insurance Brokers, Hong Kong
    General Manager
    Houlder Insurance Brokers, Hong Kong Jun 1999 - Jan 2002
    Hong Kong
    Insurance broker in the Hong Kong Market dealing with customers in the entire Far East Region.
  • J B Boda & Co (Far East) Ltd - Hong Kong
    Manager-Direct Broking
    J B Boda & Co (Far East) Ltd - Hong Kong Feb 1994 - Jul 1999
    Manager for Direct broking, for this MNC company. Boda's were Indurance and Reinsurance broking company. Responsible for setting up and running the Direct broking arm in Hong Kong.
  • The New India Assurance Company Limited
    Assistant Administrative Officer-Development
    The New India Assurance Company Limited Oct 1990 - Feb 1999
    Marketing Insurance to Large Corporates and doing a total risk mangement

Vivek Narain Skills

Leadership Insurance Portfolio Management Relationship Management Team Management Finance Software Claim Strategy Underwriting Risk Management Marketing Reinsurance Renewable Onshore Insurances Claims Management Business Strategy General Insurance Management Mis Brokers

Vivek Narain Education Details

Frequently Asked Questions about Vivek Narain

What company does Vivek Narain work for?

Vivek Narain works for Jai Insurance Brokers Pvt. Ltd.

What is Vivek Narain's role at the current company?

Vivek Narain's current role is Proponent of Surety Bonds.

What is Vivek Narain's email address?

Vivek Narain's email address is vn****@****ifc.org

What schools did Vivek Narain attend?

Vivek Narain attended Indian Institute Of Corporate Affairs, Insurance Institute Of India, Delhi University, Cambridge School, Sriniwaspuri, New Delhi, Insurance Institute Of India.

What are some of Vivek Narain's interests?

Vivek Narain has interest in Social Services, Children, Economic Empowerment, Education, Environment, Poverty Alleviation, Science And Technology, Disaster And Humanitarian Relief, Health.

What skills is Vivek Narain known for?

Vivek Narain has skills like Leadership, Insurance, Portfolio Management, Relationship Management, Team Management, Finance, Software, Claim, Strategy, Underwriting, Risk Management, Marketing.

Who are Vivek Narain's colleagues?

Vivek Narain's colleagues are Jyoti Sawariya, Karan Chadha, Vinayak Gavade, Ashwani Kumar, Ashwani Kumar, Kanika Aneja, Karan Chadha.

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