Senior Executive - Risk And Loss Mitigation
HDFC ERGO
2 - 5 years
Mumbai
Posted: 25/06/2025
Job Description
JOB PROFILE
Position | Manager – Risk & Loss Mitigation | Location | Delhi – Nehru Place |
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Level | M | ||
Our Vision | To be the most admired insurance company that enables the continued progress of customers by being responsive to their needs
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Our Values |
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About HDFC Ergo General Insurance Co., Ltd., | |||
HDFC ERGO is a 51:49 joint venture firm between HDFC and ERGO International AG, one of the insurance entities of the Munich Re Group in Germany operating in the insurance field under the BFSI sector. The company offers products in the retail, corporate and rural sectors. The retail sector products are health, motor, travel, home, personal accident, and cybersecurity policy. Corporate products include liability, marine, and property insurance.
Our vision is to be the most admired insurance company that enables the continued progress of customers by being responsive to their needs.
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Key Roles &Responsibilities | |||
Primary Responsibilities: · Investigation manger · Claim Investigation Allocation of assigned claims to respective vendors with case relevant triggers · Follow up for IR and TAT management · Level 1 QC clearance & validate the submissions against shared triggers · Success in claim investigation based upon strong medical & legal evidences · Preparing reports based on findings and observations and guide / Gathering and Analyzing the facts and developing & creating evidence which stands in court of law · Report submission and coordination with claims team. · Evidence Matrix Assurance Ascertain evidence quality as per matrix Validate each & every evidence with the case triggers · Escalation Management · Payment reconciliation with Vendors Project tracking Vendor Management Vendor Empanelment & Training & Development · Ensure the ethics and compliance during managing the external investigators and self- investigation of cases · Vendor Payment Reconciliation Others : 1. Handling physical verification, field visits to hospitals, pharmacies, diagnostic centers etc, collect evidences and report for further action to Insurers, Corporates etc. 2. Analyze data on utilization, outcomes and costs to determine trends and identify problem areas. 3. Present findings to the management, which may include reviews, proposed solutions, and implementation of long- and short-term solutions for improvements in claim processing and cost savings. 4. Desktop Investigation Trigger identification through data at intimation/Referral stage 5. Social media searches 6. Cold calling using digital platforms Identify key business people, link analysis
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Key Requirements – Education & Certificates | |||
• Medical degree: MBBS/ BHMS / BAMS / BDS or any medical qualification. • Experience Range: 1-3 year. • Attention to detail and quality focused • Good analytical and comprehension skills.
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Key Requirements - Experience &Skills | |||
Preferred Experience: • Fraud control and investigation • Claims processing • Health Insurance knowledge • Working in hospital • Knowledge on investigations & its procedures. • Medical record familiarity
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About Company
HDFC ERGO General Insurance is a leading private sector general insurance company in India, formed as a joint venture between HDFC Ltd. and ERGO International (a part of the Munich Re Group). The company offers a wide range of insurance products including health, motor, travel, home, and commercial insurance. Known for its customer-centric approach, strong digital infrastructure, and quick claims processing, HDFC ERGO serves millions of individuals and businesses across the country, making it a trusted name in the Indian insurance industry.
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