State Retention Manager

Bajaj Allianz General Insurance


Date: 1 week ago
City: Tiruchirappalli, Tamil Nadu
Contract type: Full time
  • Market Intelligence & Business Growth:
  • Collect market intelligence pertaining to renewals by direct interaction with the business intermediaries
  • Identify reasons for loss of business and collect useful inputs/suggestions for improvement coming from the market
  • Regularly engage and visit intermediaries to maintain healthy working relationships
  • Gather inputs from intermediaries on challenges related to BAGIC’s systems and processes and accordingly suggest improvements that can be carried out internally
  • Survey the market to study best practices and latest launches by competitors; corroborate findings with relevant facts and figures
  • Push the renewals sales by having the team share daily MIS status reports to the sale channels highlighting areas to be focused upon, poor performers and other inputs.
  • Engage all external stakeholders – IMDs, retail advisors, dealers, banks – and their customers, to drive renewal conversions by conducting seminars, health camps, contests and recognition programs.
  • Monitor business performance and suggest areas of improvement by conducting regular visits to IMDs (15-20 monthly); share updates on new products, product changes, provide training support
  • Provide a detailed lost case analysis input to the various IMDs on a monthly basis calling out reasons for losing customers, competitor updates, service experience etc. to help improve their business performance.
  • Ideate and plan for new focus areas, IMDs, markets to improve the renewals ratios in the circle
  • Relationship Management
  • Monitor the team’s engagement activities with the IMD’s and provide inputs to the team to plan activities with a focus on increasing the retention ratio.
  • Conduct monthly meetings with the leads of all sales channels to strategize and push the renewals business in the circle and iron out any process/system related challenges.
  • Collaborate with key internal stakeholders (sales teams and various channel partners) at BAGIC to ensure they pass renewal leads to the team, thus driving growth in renewals for the circle.

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