ri broking
TRANSCRIPT
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
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.