ri broking

2
Our experience in the direct insurance market has brought to the light the glaring problems that the insurance companies face while providing terms for specialized insurance products. Lack of proper underwriting information to be sent to the reinsurance markets, improper documentation for placing the risk and so on have been some of the areas of concern that the insurance companies have. This was the opportunity that India Insure saw and decided to enter into the Reinsurance broking Space. Our Journey in the Reinsurance broking space started in April 2006 and since then there is no turning back. Our value proposition in the reinsurance broking space is twofold: Represent the Indian Market Risk to the International Underwriters in a comprehensive and effective manner for better understanding. Act as a consultant to the Indian Cedant and provide them with information about the global best practices on Reinsurance structuring and assist in developing new products for the Indian Market. Our key areas of focus in the Reinsurance Broking space are as follows: Specialty Lines Director’s & Officer’s Liability Professional Indemnity Commercial General Liability Product Liability Clinical Trial Liability Insurance Property Insurance Focus on very large corporate and Infrastructure projects who would need to take Mega Risk Covers Large Power Projects Target all the large Power projects being promoted by the Indian government across the country RE-INSURANCE BROKING

Upload: asfar-ahmad

Post on 14-Feb-2017

54 views

Category:

Documents


1 download

TRANSCRIPT

Page 1: RI broking

Our experience in the direct insurance market has brought to the light the glaring problems that the

insurance companies face while providing terms for specialized insurance products. Lack of proper

underwriting information to be sent to the reinsurance markets, improper documentation for placing the

risk and so on have been some of the areas of concern that the insurance companies have. This was the

opportunity that India Insure saw and decided to enter into the Reinsurance broking Space.

Our Journey in the Reinsurance broking space started in April 2006 and since then there is no turning

back.

Our value proposition in the reinsurance broking space is twofold:

Represent the Indian Market Risk to the International Underwriters in a comprehensive

and effective manner for better understanding.

Act as a consultant to the Indian Cedant and provide them with information about the

global best practices on Reinsurance structuring and assist in developing new products

for the Indian Market.

Our key areas of focus in the Reinsurance Broking space are as follows:

Specialty Lines

Director’s & Officer’s Liability

Professional Indemnity

Commercial General Liability

Product Liability

Clinical Trial Liability Insurance

Property Insurance

Focus on very large corporate and Infrastructure projects who would need to take Mega

Risk Covers

Large Power Projects

Target all the large Power projects being promoted by the Indian government across the

country

RE-INSURANCE BROKING

Page 2: RI broking

Credit Insurance

The growth of the export market in India has alerted a lot of corporate on the Increasing

Credit Risk.

Credit Insurance policies offered by insurance companies are proving to be a welcome

respite from the government promoted cover available.

Focus on all the large corporate to get a buy-in on this policy is another key focus area

for the team.

Treaty Market

We will be concentrating on identifying new markets that would be keen on underwriting the

Indian Treaty business and work with the Indian Insurance companies on their programs. The

business we place with these insurance companies on the direct broking side gives us the extra

edge in being able to participate on their treaty programs. Our approach for the Treaty Programs

is to offer our customers advice and consultancy on structuring the treaty programs in an effective

way. We also attempt at bringing in the global best practices and introduce the same to the Indian

markets.