Abungcha Maibram

Business Development Executive

Mumbai, Maharashtra, India22 yrs 1 mo experience

Most Likely To SwitchHighly Stable

Key Highlights

17+ years of experience in commercial insurance.
Expert in underwriting and product development.
Proven track record in managing global business teams.

Stackforce AI infers this person is a seasoned professional in the insurance industry with a focus on underwriting and business development.

Contact

Skills

Other Skills

BancassuranceBusiness AnalysisBusiness Case PreparationBusiness DevelopmentBusiness PlanningBusiness Relationship ManagementBusiness StrategyCasualtyClaims ManagementCommercial InsuranceDefining RequirementsHealth InsuranceKey Account RelationshipsLegal LiabilityLiability

About

An accomplished Chartered Insurer with 17+ years of work experience in various roles in India with proven track record to deliver business, financial, strategic and underwriting objectives by maintaining a high level of integrity and professional standards!

Experience

Royal sundaram general insurance co. limited

2 roles

Business Head- Commercial Sales (West Regional Office)

Dec 2024 – Present · 1 yr 3 mos

Commercial Sales (WRO)

Head Underwriting - Global Business, Liability, Marine and Misc. Lines

Apr 2020 – Feb 2025 · 4 yrs 10 mos

Heading Underwriting Team of Liability, Marine and Misc. lines (including Specialty lines)
Resolving the service gaps of various stakeholders viz. sales, operations, claims team and intermediaries (broker/agent)
Reviewing and Preparing the authorities/licenses of PAN India Underwriters
Leading New Product Development for Commercial lines
Treaty and Facultative placement for the assigned Portfolios with Reinsurers and/or RI brokers
Planning regular audits for strict adherence to Underwriting, Governance and Compliance requirements
Improvising the Process Automation and System development
Leading the Global Business Team for MNC clients of Network Partners

Future generali

Head – Misc. Underwriting (Specialty Lines)

Aug 2015 – Apr 2020 · 4 yrs 8 mos · Corporate Office, Mumbai- HO

Headed the PAN India Underwriting and Business Development of Jewelers Block policies and Misc. products with a LR of 55% from 2015
Headed the PAN India Underwriting and Business Development of Trade Credit policy starting from Product Design, Product Development, RI arrangement, Underwriting, System Development and launching the Trade Credit policy in 2018
Involved in filling/refiling of various Misc. Products with regulator
Contributed in Treaty and Facultative placement
Ensured regular audits for strict adherence to Underwriting, Governance and Compliance requirements
Organized Coaching, Training and Mentoring of internal and external stakeholders

Iffco tokio general insurance co. ltd.

Sr. Manager, Mumbai Commercial Team

Apr 2008 – Aug 2015 · 7 yrs 4 mos · Bandra Mumbai Commercial

Business Development in all lines of business viz. Health Insurance, Property & Engineering, Marine, Trade Credit, Liability, Motor, Specialty Lines etc.
Preparing periodic planning, reviews and potential opportunities to achieve desired top-line & bottom-line
Portfolio Management to maintain sustainable Growth and Profitability
Ensuring launch of New Products, Promotional Campaigns and Engagement Activities such as Seminars, Workshops, Site visits, Training & Development etc.