Newbazaar Technologies Private Limited
Director – Insurance Business Development & Strategic Growth
Mumbai, India
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- Role family
- Sales
- Seniority
- Director
- Country
- IN
- Work mode
- On-site / unstated
- First seen by hirly
- 25 Sept 2026
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Job Overview
We are seeking an industry veteran with 15–20 years of deep insurance domain expertise to lead our expansion across major insurance carriers, re-insurers, brokers, and insurtech ecosystem partners. This critical executive role demands a balanced mastery of opening new enterprise doors, growing key strategic accounts, and discovering and monetizing unmapped business avenues.
The ideal candidate possesses an extensive, warm network of C-Suite and VP-level contacts across the insurance sector and a proven track record of structuring high-value commercial deals.
Key Responsibilities
Door Opening & New Business Acquisition
- Leverage existing C-level and senior executive relationships across Life, Health, P&C, and Commercial Insurance sectors to generate high-value deal pipelines.
- Identify, target, and pitch core offerings to prospective insurance enterprise clients.
- Lead the end-to-end sales cycle from cold outreach and discovery meetings to solution design, RFP responses, complex contract negotiations, and deal closure.
2. Strategic Account Management & Growth
- Own and scale revenue growth within existing insurance client accounts through upsell, cross-sell, and long-term partnership expansion.
- Serve as the strategic executive sponsor, ensuring high client retention, satisfaction, and account profitability.
3. New Business Avenues & Ecosystem Innovation
- Identify adjacent growth vectors, such as embedded insurance partnerships, affinity distribution channels, insurtech collaborations, and alternative risk transfer platforms.
- Track evolving regulatory shifts, market disruptions, and emerging risk categories to package relevant commercial solutions.
- Conceptualize and pilot go-to-market strategies for untapped market segments and non-traditional insurance distribution models.
Qualifications & Requirements
- Industry Experience: 15–20+ years of active experience in the insurance sector (Insurance or Broking).
- Network & Connects: Active, trusted, and verified network of decision-makers (CXOs, EVPs, SVPs) within insurance companies.
- Track Record: Demonstrated history of consistently meeting or exceeding multi-million-dollar annual revenue targets through combined hunting and farming efforts.
- Domain Depth: Strong functional understanding of insurance operations (underwriting, distribution, claims, risk management, and insurance technology systems).
- Deal Structuring: Expertise in navigating complex B2B sales cycles, multi-stakeholder decision-making, and high-value commercial contract negotiations.
- Education: Bachelor’s degree in Business, Finance, Risk Management, or related fields. MBA preferred.
Key Competencies & Soft Skills
- Strategic Vision: Ability to spot macro-industry trends and translate them into actionable, revenue-generating business models.
- Executive Presence: Outstanding presentation, influence, and relationship-building capabilities at the C-suite level.
- Entrepreneurial Drive: High degree of self-motivation to build new channels and open doors independently.
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