Website:
devize.in
Job details:
Company Description
Devize is at the forefront of InsurTech innovation, crafting software solutions that drive transformative change for the modern insurance landscape. Our expertise lies in bridging the gap between complex risk management and cutting-edge technical infrastructure. At Devize, we empower insurers and corporate entities to achieve long-term success through intelligent, scalable, and tailored digital solutions. Join us to help shape the future of high-performance technology in the global and Indian insurance markets.
Role Description
This is a full-time role for a Chief Business Officer (CBO) specifically focused on our Business Insurance Vertical. The CBO will be the primary architect for our growth within the Indian commercial insurance ecosystem, leading business development across key sub-segments including General Insurance, Health, and Specialized Liability. You will drive financial planning, oversee high-level strategic initiatives, and build high-value partnerships with brokers, aggregators, and corporate clients to ensure Devize remains the preferred technology partner for the industry.
Key Responsibilities
- Strategic Growth: Formulate and execute 3–5 year business plans to capture market share within the Indian Commercial Lines segment, focusing on Fire, Engineering, Marine, and Liability insurance.
- Sub-Segment Mastery: Lead expansion efforts into specialized Indian insurance sub-sectors, including Group Mediclaim (GMC), Workmen’s Compensation, and the burgeoning Cyber Liability market.
- Revenue & P&L Management: Own the P&L for the Business Insurance vertical, driving revenue through strategic alliances with NBFCs, FinTechs, and Banks (Bancassurance channels).
- Product Innovation: Collaborate with underwriting and actuarial teams to develop digital-first solutions for Group Credit Life and tailored SME Insurance packages that meet IRDAI regulatory standards.
- Stakeholder & Regulatory Management: Act as the primary liaison with IRDAI, insurance councils, and major brokerage houses to ensure compliance and market alignment.
- Digital Transformation: Leverage data analytics to revolutionize claims adjudication and policy issuance frameworks for corporate policyholders.
Qualifications
- Industry Expertise: Proven experience in Business Development and Consulting specifically within the Indian General Insurance or Reinsurance sectors.
- Strategic Vision: Strong expertise in Management Consulting with a focus on commercial risk portfolios and strategic planning.
- Finance & Analytical Skills: Advanced ability to interpret loss ratios, combined ratios, and solvency margins to support data-driven decision-making.
- Leadership: Exceptional ability to lead cross-functional teams (Tech, Product, and Sales) in a remote environment.
- Regulatory Knowledge: Deep understanding of the IRDAI regulatory framework and Indian insurance compliance.
- Education: A Master’s degree in Business Administration (MBA), Finance, or specialized Insurance Management (e.g., from III or NIA) is preferred.
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