Buyers
of insurance products have multiple informed choices in
terms of products offered in the market, premium rates,
risks covered, services both pre and post issuance of
policies through our experts and expertise available at
our offices throughout India.
Benchmarks
for competition are substantially centered on the following
qualities :
Ability
to build a national scheme in a short time;
Product innovation by insurers is important;
A
diverse capacity for a range of risk exposures;
Ability
to quote quickly and effectively;
Ability
to settle claims expeditiously;
We
understand our clients and their requirements well.
We deliver on their requirements on a pre-agreed basis
within well defined timeframes and quality benchmarks.
Our
retail insurance services provide a range of related
professional services. This is one of the significant
growth area for the J.B.Boda Group in India.
Insurance
pre-purchase inspection and advisory support
- this is on a case by case basis as and when
risk exposures are perceived as needing protection
by our client.
Risk
exposure analysis and consulting for insurance
purchase - Inspection of plant and review
of operations with reference to existing insurances
and for non-insured risk exposures. This would
ascertain for issues in uninsured process,
handling and storage hazards.
Insurance
due-diligence study and report - this involves
review of existing insurances, outsourced
contracts and acceptability of deductibles.
FEA
discount - assessment for viability to invest
in order to earn recurring FEA discount.
Life
insurance purchase and advise.
Project
risk management including advise, site visits,
participation in meeting with principals,
contractors and lenders in respect of projects
under construction.
Liability
insurances and guarantees for contractors
and for export credit and liability and professional
indemnity insurances for clinical trials,
online depositories, stock exchanges, software
exporters, professionals, etc.
We
coordinate between our offices to provide
a network support to clients especially who
are multi-locational.
This
support is more particularly in respect of
insurance policy administration wherein endorsements
and declarations are required on a periodic
basis.
We
arrange and deliver training to handle claims
to personnel at various locations.
We
can draw up an insurance and claims manual
as may be required by our client.
We
will collate information on premium and losses,
monitor their developments and provide support
with pre-renewal report and statistics.
We
will assist for review keeping in line with
market changes and new products.
We
provide safety and security inspection services
based upon pre-agreed standards with our client.
We
assist with simultaneous review of insurance
and various services contracts supported by
walk-through inspection
Our
services to multinational companies follows their
Corporate Risk Management manual and stated requirements.
This service is to put together and state a policy
digest of existing insurance covers, provide a
review report and follow up to interface with
global covers.
Two
covers of general concern to most Corporate
Risk Managements are risk exposures of Consequential
Loss and Liability. Attention to these risks
are generally low in India.. In these regards
we assist to interface global covers to minimum
local requirements or assist to effect them
on primary basis for India.
In
addition as required we provide
Insurance
due diligence reports for Merger & Acquisition.
Risk
calibration for operational locations.
Placing
of covers in India for local requirements.
In
the first instance the value addition that we
see is the escalated attention to efficient
purchase of insurance and to determine adequacy
in coverages. In India insurance is generally
attended to the extent of collateral needs of
borrowings, perceived risk of injury to employees
and crime related to monies. Market experience
in addressing risk exposures and optimal solutions
given the benefit of contractual risk transfers
are additional values that we bring to our clients.
