 Changing Nature of Risk
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Modern Businesses require higher levels of performance. This is largely dependent on how one can efficiently control costs. manage assets, protect earnings & ensure legal and statutory compliance. A more holistic approach towards risk assessment and risk management is the need of the hour, something which was not the case till now. |
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With the liberalization of Insurance market, number of Insurance companies & product offerings have increased manifold |
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World-over liberalization and deregulation of insurance market has given rise to a new avatar "Insurance Broker"- one who is no longer an intermediary, but a professional business adviser |
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World-over Insurance Brokers manage almost 90% of all corporate businesses |
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Brokers provide an entire range of services to the client- free of cost |
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With clients expectations extending northwards, the role of the broker is to advice about strategic and financial as well as operational risks. The level of trust towards a broker is higher because as compared to a Direct Insurance Executive, a broker is considered a representative of the Insured. Also the broker with a flexibility of a large bouquet of products can help pick the insurer just the right products suited for his needs. |
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