Insurance Executive

Insurance Specialist

EPC (Engineering, Procurement & Construction)

1. Insurance Procurement & Policy Management

• Identify and assess insurance needs for various EPC projects, including
• Contractor’s All Risk (CAR), Third-Party Liability, Professional Indemnity, Workmen’s Compensation, Marine Cargo, and Equipment Insurance
• .
• Evaluate and procure
• project-specific and corporate insurance policies
• in line with contract requirements.
• Ensure
• policy renewals and endorsements
• are completed on time.

2. Risk Assessment & Compliance

• Work with project teams to
• identify potential risks
• and suggest appropriate insurance solutions.
• Ensure compliance with local and international insurance regulations, contract requirements, and company policies.
• Coordinate with legal and finance teams to
• review contract terms
• related to insurance obligations.

3. Claims Management & Coordination

• Manage the
• end-to-end claims process
• , from reporting losses to negotiating settlements with insurers.
• Coordinate with site teams, insurers, and loss adjusters for
• timely claims processing
• .
• Maintain detailed records of
• claims history and insurance costs
• .

4. Coordination with Stakeholders

• Act as the key liaison between the
• company, insurers, brokers, subcontractors, and project clients
• .
• Work with finance teams to
• budget and forecast insurance expenses
• for projects.
• Provide insurance-related inputs for
• tender submissions
• and contractual negotiations.

5. Documentation & Reporting

• Maintain a comprehensive database of
• insurance policies, claims, and project risk reports
• .
• Provide periodic reports on
• insurance costs, risk exposure, and claims status
• to management.
• Conduct
• insurance awareness training
• for project and site teams.