Product Manager -Insurance

Analah Overview
Analah is a global platform for Private Equity, Real Estate, and Insurance headquartered in BKC Mumbai, with a presence in the UAE and Canada. Our investments span across Unlisted Stocks, Startup Investments, Fractional Equity, Fractional Real Estate, and Insurance products.

Position: Product Manager {Insurance Product Distribution) for RoyalCover (Analah Insurance Broking Pvt Ltd)
Focus: Insurance

• Location: Mumbai
• Reports To: Chief Executive Officer
• Job Type: Full-Time
• Number of Positions: 5

Role Overview
Seeking dynamic and strategic Product Managers to lead and manage Insurance Partner. The role aims to expand product offerings, enhance distribution networks, and drive sales growth through brokers and wealth managers.

Key Responsibilities

1. Partnership Development
• Identify and evaluate potential partnerships with Insurance providers.

1. Sales and Network Expansion
• Collaborate with brokers and wealth managers to drive sales and expand product distribution.
• Onboard new brokers and clients through Analah- RoyalCover B2B2C team with presentations, webinars, and client engagements.
• Work closely with groups 8,000+ distribution partners and empanel them become point of sales
• Create ecosystem by training and webinars to create new point of sales

1. Negotiation and Agreement Management
• Lead pricing negotiations and secure agreements with Insurance providers.
• Ensure all agreements comply with regulatory standards and align with business objectives.

1. Product Integration and Onboarding
• Oversee the seamless integration of new products into distribution platforms.
• Collaborate with internal teams to ensure operational readiness.

1. Relationship Management
• Build and nurture relationships with Insurance Companies {Health, Life and General Insurance}, brokers and wealth Managers.
• Serve as the primary contact for partnership-related activities.

1. Strategic Planning and Market Analysis

• Conduct comprehensive market research to identify emerging trends in insurance preferences, focusing on consumer behaviour and competitor analysis. Develop targeted strategies to enhance distribution capabilities, leveraging technology and partnerships, while diversifying product offerings to meet evolving customer needs and increase market share in a competitive landscape.

1. Performance Monitoring
• Track product and partnership performance against key objectives.
• Provide detailed insights and reports to senior management.

1. Compliance and Regulatory Adherence
• Ensure all activities adhere to IRDAI Guidelines and other relevant regulations.
• Stay updated on regulatory changes and assess their impact on partnerships.

Qualifications and Skills

• Education:
  Bachelor's degree in business, statistics, economics, technology, Finance, MBA or another related field.
• Experience:
  Minimum of 3-5 years in product management, business development, or partnership management within financial services, focusing on Insurance.
• Industry Knowledge:
  Expertise in India’s financial and Insurance product distribution channels.
• Skills:
• Strong analytical and negotiation abilities.
• Proven track record of driving sales growth and managing relationships.
• Excellent communication and presentation capabilities.
• Familiarity with IRDAI regulations and compliance standards.
• Leadership experience in managing cross-functional teams and projects.

Key Competencies

• Strategic Thinking
• Relationship Management
• Business Development
• Market Analysis
• Negotiation Skills
• Project Management
• Adaptability and Resilience

Below are the group companies of Analah:

Global Platform for private equity, insurance and real estate
www.analah.inLate-stage Unlisted & private equity OpportunitiesFinancial Product Distribution Platform for B2B and B2C (Mutual Fund, AIF & PMS)
www.risify.aiDFSA regulated platform for Investment and Real-estate crowdfunding
www.analah.aiRERA regulated Global Distribution Platform for Real Estate focussing on Global Real-estate opportunities
www.analah21.comIRDAI Regulated Insurance Broking Platform offering Life, Motor, Health and Travel Insurance
www.royalcover.in