Pradeep Singla

Experience

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  1982-1984 , Bharat Steel Tubes Ltd , 1984-1986 , Escorts Ltd , Faridabad

  Jan 1982 - Jan 1986

  Industrial Engineer
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  The Oriental Insurance Company Ltd.

  Sept 1986 - Mar 2007

  Dy,Manager

  Direct Recruit Officer .2000-2006 , Profit Center Head ,Divisional Office serving both Corporate and Govt clients . Responsible for identification ,procurement and servicing of business , Underwriting and claims management .Turned around the Division and achieved a growth of about 500% in a span of six years .1992-2000 , Engineering Department , Corporate Office Engineering Underwriting for large Projects , Facultative reinsurance , Engineering Claims on country Level ,1987-1992 ,Regional Office ,Management of Motor Portfolio , Inspection of damaged vehicles and made assessment of losses ,Member technical audit team for auditing loss making divisions . Show less

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  Jaiprakash Associates Ltd.

  Mar 2007 - Dec 2013

  Head, Risk Management

  • Risk Transfer by insuring all Assets both operational & under construction. Managing insurance portfolio for group companies with a premium outgo of Rs 900 Millions. • Discussions with Lenders Insurance Advisor (LIA) & Compliance with Lenders insurance requirements for various projects. • Preparation of insurance underwriting slips/ Proposals for seeking quotes, presenting risk profile to insurers / brokers to ensure optimum coverage for various assets. • Assessment of premium computed, Risk placements at optimum costs, scrutiny of policy documents and the clauses attached. • Advisory support to all Business Divisions / Group Companies on insurance solutions, presentations to project officials defining scope of cover & policy conditions. • Claims documentation & presentation to loss Adjusters/ Insurers, Technical background and sound insurance knowledge has resulted in optimum claim assessments /realization. • Improved claims realization & reduced premium outgo. Responsible for average yearly claims realization of INR 450 millions. • Standardization and consolidation of policies. • MIS on insurance performance with respect to premium outgo & claims realization. • Discussions with solicitors & review of petitions prepared for disputes in claims with insurers. Show less

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  Reliance Industries Limited

  Jan 2014 - Mar 2018

  Head Insurance

  Responsible for Project Insurance for all construction contingencies including ALOP/ DSU for new projects with Capex in excess of 15 billion USD .Finalised largest ALOP cover with a sum insured(SI) of 3.3.billion USD and Marine DSU with SI of 500 MUSD . Monitoring of start up/commissioning to ensure smooth transfer to steady state policy without any gaps Oversee Risk Transfer by way of insurance to ensure assets of Group Companies comprising Refinery , Petrochemical , Pipe lines ,Telecom are adequately insured. Management of Mega Operational Policies for various manufacturing units to ensure business continuity.Claims Management , optimize claims recovery by ensuring each element of reinstatement is captured under the claim bill .Coach and mentor team members , ensure team engagement and foster high performance.Chair review meetings with respective units on adequacy of insurance , future needs , new ventures ,evaluate insurance providers performance . Show less

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  Anviti Insurance Brokers Private Limited

  Apr 2018 - Nov 2020

  Senior VP

  Energy & Infrastructure

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  UIB Insurance Brokers (India) Private Limited

  Nov 2020 - now

  Chief Technical Officer