About the Health Insurance Industry –
While the current market sees more than 15 non-life players in the private space and 5 exclusive private players in the health insurance space trying to capture a sizable market share. With the SME and the start-ups being the driving force of Indian economy, the opportunity to cater to these segments is immense and is increasing manifold year on year. The challenge here therefore remains as to how we capture a larger share of the opportunity by developing specific solutions to cater each segment of the business. Also by creating an inexpensive and standardized solution to increase the reach into the pockets of channel partners across the country to harness on their captive business and explore new opportunities with them.
Market Opportunities – With the advent of medical advancements, lifestyle changes, change in Indian socio-economic scenario and Indian healthcare space, and the insurers are facing challenges to cater to the needs of this diverse clientele. Increasingly Indian customers have started considering health insurance partners as extensions of health advisers. In this scenario it becomes extremely important to understand their psyche and then provide tailored solutions with wellness benefits which would help them meet their end objectives and bring in profitable revenue source for the company.
ABHI’s unique offering to market includes proposition includes -
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A Comprehensive Incentivized Wellness Program that will attract the young and health conscious and will motivate, guide and reward them to stay healthy
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ABHICL serves as an enabler and influencer of health and healthcare choices that customers make, in addition to being a payer of healthcare expenses. Thus, ABHICL would act like a much needed catalyst to grow the prevalent health insurance landscape in India through product innovations and a wider choice of consumer relevant products.
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ABHICL’s vision has always been digital. The company has been successful in adopting paper-less approach right from identifying to on-boarding to delivering seamless experience of its customers & employees.
Job Context
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Ensuring Fund deployment efficiently and optimised the yield.
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Communication with market intermediaries to collect quotes for various debt securities, deal negotiation and execution for the same, and entering the deal details in MIS for fund accounting.
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Ensure thorough understanding of credit underwriting principles, micro and macro level economic and market trends and make informed decisions on when and how to invest.
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Work with compliance and risk teams to ensure due diligence files, communications and collateral are complete and accurate.
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Assist the CIO- Fixed Income in the drafting of comprehensive evaluations of investment funds and presentation to management.
Key Challenges for the role are as follows:
- Dynamic economy and its impact on the portfolio performance poses a challenge to anticipate and ensure high probabilities of fund success on long term basis.
- Keeping abreast with all macro and micro economic factors impacting financial risk and returns.
- Maintaining & ensuring confidentiality on all fund related communication at all times.
