State Claim Manager

Magma General Insurance Limited · Gujarat, India

Responsibilities

• Manage and monitor Motor claims operations at the state level, including claim frequency and severity, TAT, settlement ratio, claim size, loss ratio, and end-to-end payment and reserve approvals.
• Maintain strong relationships with channel partners, dealers, repairers, and ensure availability of skilled regional manpower while addressing claim issues with corrective actions.
• Conduct regular state-level and high-aging claim reviews, initiate IFCU investigations for admissibility and fraud, and manage approvals for high-value and repudiation cases.
• Drive claims data analysis for effective claim management and loss minimization, ensuring efficient team performance and timely settlements through stakeholder coordination.
• Ensure overall claims process excellence through continuous improvement, legal and regulatory compliance, fair customer treatment, effective open-file reviews, and regular risk reporting to the Insurance department.

Qualifications

Diploma or Degree Automobile engineering / Diploma or Degree Mechanical

engineering with experience from automobile workshop / motor insurance claim handling.

Required Skills

Hands-on experience in automotive accident repairs and insurance claims management,

strong knowledge of company policies, advanced Excel and PowerPoint skills, robust data analysis

and modeling capability, a logical problem-solving approach, and excellent written and verbal

communication skills.