Insurance Risk Analyst

Role Summary:
This role will be responsible for identifying, assessing, and mitigating insurance-related risks for ITC Limited's FMCG operations in India. The analyst will work closely with various business units to ensure adequate insurance coverage and compliance with regulatory requirements, safeguarding the company's assets and financial stability.

Key Responsibilities:
- Conduct comprehensive risk assessments to identify potential insurance exposures across the FMCG supply chain, manufacturing, and distribution networks.
- Evaluate existing insurance policies, identify gaps, and recommend appropriate coverage levels and types.
- Liaise with insurance brokers and underwriters to negotiate terms, premiums, and policy conditions.
- Monitor insurance market trends and regulatory changes impacting the FMCG sector in India.
- Manage the claims process, ensuring timely and accurate reporting and resolution.
- Develop and implement risk management strategies and best practices related to insurance.
- Prepare regular reports on insurance risk exposure, coverage status, and claims activity for senior management.
- Ensure compliance with all relevant Indian insurance laws and regulations.
- Collaborate with internal audit and legal departments on insurance-related matters.