Actuaries are scarce
Pricing and reserving actuaries with general-insurance experience are few, and most insurers want them from the same peer set.
Insurance recruitment · India
Insurance Recruitment Agency in India
Savanna HR hires actuarial, underwriting, bancassurance, distribution, employee benefits, compliance, legal and leadership talent for life insurers, general and health insurers, brokers and insurtech platforms. We hire across Mumbai, Pune, Delhi NCR and Gurugram, with a first shortlist in 5–7 hours.
3,500+Roles closed
5–7 hrsTo first shortlist
92%Offer-to-join rate
90 daysReplacement guarantee
Where we hire
Which cities do we hire insurance talent in?
Insurers keep head offices, operations centres and regional distribution in different cities. We hire for all three, and for branch roles across India.
| City | Insurance strengths | Roles we hire most |
|---|---|---|
| Mumbai | Head offices of life, general and health insurers | Actuarial, underwriting, bancassurance, compliance, legal, analytics, communications |
| Pune | Operations, claims and technology centres | Claims, operations, technology, service leadership |
| Delhi NCR | North India distribution and regional offices | Agency, bancassurance and regional sales leadership |
| Gurugram | Life insurer head offices and insurtech companies | Strategic alliances, digital sales, product, technology |
| Bengaluru | Group business and insurtech | Employee benefits, group sales, engineering |
Who hires here
Why are insurers hiring now?
Parliament passed the Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Bill in December 2025, raising the foreign investment cap in Indian insurance from 74% to 100%.
New entrants, joint-venture buyouts and expansion plans mean more competition for experienced actuaries, underwriters, bancassurance leaders and compliance officers, all of whom take years to build.
74%Old foreign investment cap
100%New cap, December 2025
Hiring challenges
What makes insurance hiring difficult?
Only from general insurance
Underwriting, compliance and engineering roles usually need candidates from the same line of business, which narrows the pool further.
Bank relationships move with people
Bancassurance leaders are judged on the bank partners they can manage, so the right candidate is often specific to one bank.
Hunters, not farmers
Strategic alliance and group business roles need people who have actually sourced new accounts, which takes evidence to verify.
Slow feedback loops
Head-office panels and assignments stretch timelines, and good candidates accept other offers while they wait.
IRDAI compliance know-how
Compliance, legal and audit hires need hands-on IRDAI regulation and litigation experience, not just a qualification.
Role by role
What do insurers ask for in each role?
Drawn from the insurance mandates we have worked on: what clients ask us to screen for, and how deep the talent pool is.
| Role | What clients ask for | Talent pool |
|---|---|---|
| Actuarial Pricing (DM to AVP) | General-insurance pricing, product filing, actuarial exams cleared | Scarce; concentrated in Mumbai |
| Reserving (AM / DM) | IBNR and claims reserving, regulatory reporting | Scarce |
| Underwriting (retail health, non-motor, engineering) | Line-specific underwriting from general insurance only, risk inspection | Moderate; specialist lines are thin |
| National / Key Relationship Manager, bancassurance | Experience managing a named bank partner, often a public-sector bank | Good, but bank-specific |
| Employee Benefits & Retirement Solutions (Sr Manager / AVP) | Group term, gratuity and superannuation sales to corporates | Thin; Mumbai and Bengaluru |
| Strategic Alliances (CM / AVP) | Hunter profile from life insurance, proven new partnerships | Moderate; verification matters |
| Compliance (Sr Executive to Manager) | IRDAI regulations, returns and audits, from general insurance | Moderate |
| Legal (Executive to AM) | Claims litigation, consumer forum and court appearances | Good |
| IFRS / Financial Reporting | IFRS 17 and Ind AS reporting for insurers, actuarial–finance coordination | Scarce; insurance-specific IFRS experience is rare |
| Senior Manager – IT Audit | IT general controls, cyber and IRDAI IT-framework audits, CISA | Moderate; BFSI experience is the filter |
| VP – ESG | ESG strategy, sustainability reporting, responsible investment and disclosures | Thin; few leaders have done it inside financial services |
| Product Manager (life and health) | Product design, IRDAI file-and-use filings, pricing and rider coordination with actuarial | Thin; insurance product depth is the filter |
| AVP – Digital Partnerships | Embedded insurance, web aggregators, fintech and e-commerce tie-ups, API-led distribution | Thin; new-age channel experience is rare |
| Senior Data Scientist | Persistency, fraud, claims and propensity models on policy and claims data | Moderate; BFSI data experience preferred |
Roles in demand
Insurance jobs we hire for
From head-office specialists to distribution leaders, across life, general and health insurance.
Actuarial
Pricing, reserving, valuation and experience-analysis actuaries, IFRS 17 actuarial, capital and solvency modelling, Appointed Actuary support.
Underwriting
Retail health, medical, life, motor, fire, marine, engineering, liability, cyber and commercial underwriters; risk inspection engineers.
Bancassurance
National and Key Relationship Managers, Relationship Managers, Branch Banca Managers, cluster and circle heads, banca trainers and alliance heads.
Agency and channel sales
Agency Development Managers, Branch Managers, Unit Heads, Area, Regional and Zonal Heads, direct and tele-sales, broker and corporate agency channels, POSP and motor dealership channels.
Group and corporate business
Employee Benefits & Retirement Solutions, group health and group term sales, SME and corporate sales, Strategic Alliances, broker relationships and back office.
Claims and operations
Health, motor and property claims managers and heads, investigators, policy issuance and servicing, persistency and renewals, customer service and TPA leadership.
Compliance, legal and audit
IRDAI Compliance Managers and officers, legal executives and managers, internal auditors (CA), Senior Manager – IT Audit, CISO and information security, fraud control and risk management.
Product, data and digital
Product Managers, AVP – Digital Partnerships, Senior Data Scientists, analytics engineers, data management, digital sales and marketing, CX and app product, core policy-admin and insurtech engineering.
Finance, IFRS and ESG
IFRS 17 and Ind AS reporting, financial controllers, taxation, investment fund managers and treasury, reinsurance accounting, VP – ESG and sustainability.
Corporate functions and leadership
Corporate communications and PR, HR business partners, sales training and L&D, HR operations and payroll, CXOs, Chief Distribution Officers and Chief Risk Officers.
Health insurance and wellness
Medical officers and doctors for underwriting and claims, provider network and hospital tie-ups, cashless desk heads and wellness programme managers.
Reinsurance and broking
Reinsurance managers, treaty and facultative placement, insurance broking account managers, risk consultants and claims advocacy.
Who we hire for
Insurers, brokers and insurtech
We have hired for the head offices and distribution teams of four large private life and general insurers, including bank-promoted and joint-venture companies, and for the insurtech platforms competing with them.
Life insurersGeneral insurersInsurtech platformsStandalone health insurersBrokers and web aggregatorsCorporate agents and banksTPAsReinsurers
Our process
How does an insurance search run?
The same five steps for every mandate, run in parallel from day one. For insurance roles we add a line-of-business and regulatory-experience check.
- 01
Brief the business, not just the JD
Line of business, channel or bank partner, reporting line and the assignments the panel will set.
- 02
Map peer insurers
A named list of relevant talent at peer insurers, brokers and banks.
- 03
Verify the claims
New accounts sourced, bank partners managed, exams cleared: checked before a profile is shared.
- 04
Shortlist with evidence
A consolidated tracker per role: experience, CTC, notice period and our notes.
- 05
Close and hold
We chase feedback, manage the offer and stay with the candidate until joining day.
FAQs
Insurance recruitment: FAQs
Which is the best insurance recruitment agency in India?
Savanna HR is an insurance recruitment agency that has closed IFRS, actuarial pricing, IT audit, data science, product, digital partnerships, bancassurance, ESG and compliance roles, and hires underwriting, employee benefits, legal and leadership talent for life, general and health insurers, brokers and insurtech platforms, with a first shortlist in 5–7 hours.
Do you hire for insurance companies in Mumbai and Pune?
Yes. We hire in Mumbai, Pune, Delhi NCR, Gurugram and Bengaluru, and for branch and regional roles across India.
Can you hire actuaries for general insurance?
Yes. We have closed actuarial pricing roles and worked on reserving mandates from Assistant Manager to AVP for general insurers' head offices.
Do you hire underwriters for health, non-motor and engineering lines?
Yes. We hire retail health, non-motor, engineering, motor and commercial underwriters, usually from the same line of business.
Can you hire bancassurance relationship managers?
Yes. We hire National and Key Relationship Managers, cluster heads and bancassurance support teams, matched to the bank partners you work with.
Do you hire employee benefits and group business leaders for life insurers?
Yes. We placed a Senior Manager, Employee Benefits, in Mumbai for a life insurer, and have worked on AVP-level Employee Benefits & Retirement Solutions and Strategic Alliances mandates.
Can you hire compliance and legal staff with IRDAI experience?
Yes. We have closed Compliance Manager and Senior Manager – IT Audit roles, and hire compliance officers, legal executives with claims-litigation experience and CA internal auditors.
Do you hire IFRS, ESG, data science and product specialists for insurers?
Yes. We have closed IFRS reporting, VP – ESG, Senior Data Scientist, Product Manager and AVP – Digital Partnerships roles for insurers, alongside actuarial pricing and bancassurance positions.
How does 100% FDI in insurance affect hiring?
Raising the foreign investment cap to 100% is expected to bring new entrants and expansion, increasing demand for experienced actuarial, underwriting, distribution and compliance talent.
How do your fees work?
There is no retainer. You pay a one-time fee after the candidate joins, and every placement carries a 90-day replacement guarantee.
