Business Profile
Mr. Jatin Punjani
Founder & CEO
Profound Risks Services LLP.
Introduction
Jatin Punjani is a seasoned insurance professional with a successful career spanning over 22 years in the general insurance industry. His expertise lies in Liability (Financial & Casualty Lines), Sports and Entertainment, and Aviation Risks. Throughout his career, he has honed with skills in Core Underwriting, Reinsurance, Business Strategy, and Liability claims assistance. Jatin have achieved a profitable loss ratio and earned multiple certifications in Liability and Cyber Risks underwriting.
Professional Background
Global Insurance Brokers and Aon Corp (earlier known as Aon Global Insurance Brokers (2001 – 2005): he began career at Global Insurance Brokers, where he gained valuable experience in various aspects of the insurance industry. During this period, he built a strong foundation in achieving developing new clients and placed new liability policies with the clients.
Cholamandalam MS General Insurance (2005 till 2007) as Manager and his journey in the insurance industry led him to Cholamandalam MS General Insurance, where he likely continued to excel in liability and other specialized risks including Employee Benefits with various brokers.
HDFC General Insurance (2007) He joined HDFC General Insurance in 2007, where he made significant contributions to the company’s liability techno marketing department.
Future Generali India Insurance Company (2008 – July 2023): During his 15.5 years tenure with Future Generali India Insurance Company, He played a key role in developing and implementing successful underwriting strategies. His contributions to the company’s growth and profitability earned his reputation as a respected insurance expert and has achieved underwriting authority on Liability and Cyber from Llyod’s Market in London & Generali Asia.
Mr. Jatin Punjani
Founder & CEO
Message from the Founder and CEO
Vision for Transforming the Indian Insurance Industry: From Liability to Prosperity
Dear Stakeholders,
I am honoured to share my vision for the future of the Indian insurance industry. With over 22 years of experience in this field, I have witnessed the evolution of our industry, from its highs to its recent challenges. The purpose of this message is to shed light on these challenges, specifically in the realms of liability, sports, entertainment, and aviation risks, and outline our path towards revitalizing this sector.
I am honoured to share my vision for the future of the Indian insurance industry. With over 22 years of experience in this field, I have witnessed the evolution of our industry, from its highs to its recent challenges. The purpose of this message is to shed light on these challenges, specifically in the realms of liability, sports, entertainment, and aviation risks, and outline our path towards revitalizing this sector.
Certifications and Achievements
Liability and Cyber Underwriting Certifications: he has completed various certifications in liability and cyber underwriting, enabling him to assess and manage complex risks in these domains effectively.
Underwriting Guidelines manuals, Jatin has designed his own underwriting guidelines under each Liability product, with help same, he gained to one of the wider treaty coverages in India including underwriting authority in Future Generali, which was leaded by various syndicates in Llyod’s of London including GIC Re.
Underwriting Authority up to $ 10 MN from Generali Asia and Local Authority up to $ 20 MN under Liability including Casualty, Cyber, Sports and Entertainment, overall, $ 30 Million underwriting authority.
Guest Faculty: As a guest faculty member at the Insurance Institute of India/College of Insurance and the National Insurance Academy, where he has shared his knowledge and experiences with the next generation of insurance professionals, contributing to the industry’s growth and development.
Course Reviewer: In 2023, Jatin had the privilege of serving as a course reviewer for the Liability Insurance Book through the Insurance Institute of India, demonstrating his commitment to the continuous improvement of insurance education.
Education and other information
graduate and achieved under Bcom, along with Information technology skills
Areas of Expertise
Liability Underwriting: Proficient in assessing and pricing Financial and Casualty risks across various industries.
Sports and Entertainment Insurance: Specialized in providing insurance solutions for sports events, entertainment productions, and related activities.
Aviation Risks: Well-versed in the intricacies of aviation insurance, covering various risks associated with the aviation industry.
Reinsurance: Experienced in both facultative and treaty reinsurance, understanding the importance of risk transfer and diversification.
Product Filing: Proficient in handling product filing processes, ensuring regulatory compliance and market competitiveness and most important achievements under simplifying policy wording and have achieved certification for simpliflying policy wording
Liability Claims Assistance: Experienced in providing guidance and support throughout the liability claims process, promoting fair and efficient settlements.
Risk Appetite Framework: understanding companies strategic plans and designing risks appetite framework.
Multinational Programs: designing business framework for Insurers/clients over consulting MNC Liability programs and placements.
Conclusion
With over two decades of experience and a track record of successful accomplishments, he is a highly skilled and knowledgeable professional in the General Insurance industry. his expertise spans across various aspects, from underwriting and reinsurance to business strategy and claims assistance. As he continues to contribute to the insurance sector, Profound Risks remain committed to driving growth, profitability, and excellence in the industry.