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1 Bajaj Allianz General Insurance State Retention Manager Job

State Retention Manager

3-6 years

Tiruchirappalli

1 vacancy

State Retention Manager

Bajaj Allianz General Insurance

posted 16d ago

Job Role Insights

Flexible timing

Job Description

1. 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
2. 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.
:

Good understanding of the Insurance industry, sales and renewals business


Employment Type: Full Time, Permanent

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17%
9%
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2%
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What State Retention Manager at Bajaj Allianz General Insurance are saying

5.0
 Rating based on 1 State Retention Manager review

Likes

Fantastic about 2years back after verticalization support are missed from the top line managers.

Dislikes

Not understanding geographical issues from RAs from HO.

Read 1 review

State Retention Manager salary at Bajaj Allianz General Insurance

reported by 2 employees with 14-16 years exp.
₹9 L/yr - ₹11.5 L/yr
At par with the average State Retention Manager Salary in India
View more details

What Bajaj Allianz General Insurance employees are saying about work life

based on 2.3k employees
57%
46%
53%
99%
Flexible timing
Monday to Friday
Within city
Day Shift
View more insights

Bajaj Allianz General Insurance Benefits

Health Insurance
Job Training
Soft Skill Training
Work From Home
Team Outings
Cafeteria +6 more
View more benefits

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State Retention Manager

3-6 Yrs

Tiruchirappalli

17d ago·via naukri.com
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