Role of an Insurance Broker
An Insurance Broker is a Professional Organization that offers technical advise & support on Insurance Related matters to Individuals & Businesses Alike. As an Insurance Broker, we are entitled to work with all Life & General Insurance Company, thereby provide you with unbiased views & opinions to help you make better decisions.
What do we do?
Although it has been over 15 Years since the IRDA opened up the Insurance Broking Industry, there is still little clarity among the public on what we do. As an Insurance Broker, we don’t Sell Insurance or any other Products. Our Role is at an Advisory Capacity only.
We offer a Wide Horizon of Support & Services, which include Life & General Insurance Advisory services for Individuals & Corporates, assist Corporate in designing & operating their Risk Management Framework and also offer Reinsurance Broking Services for Insurance & Reinsurance Companies.
Pre-placement Services
- Assessing the Risk in question
- Establishing the need for cover
- Advise on Risk Treatment Strategy
- Designing appropriate cover
- Scouting various Insurance Carriers
- Negotiating with the Insurer
- Placement of the Insurance Cover
Post-placement Services
- Risk Monitoring
- Policy Administration
- Documentation Assistance
- Loss Prevention Studies
- Claims Management
- Program Review
- Vendor Assessments
As an Insurance Broker, we are licensed to work with all General & Life Insurance Companies in India.