The General Insurance market was driven by four major public sector insurance companies. After the licensing of private sector companies, and de-tariffing of many of the insurance portfolios, the regulator has allowed insurance companies to offer new products in the market with non-standard policy wordings for some of the insurance portfolios. And owing to that the importance of consulting has increased to a greater extent. By the time market was flooded with various products and multiple insurance companies, the competition has increased and also more confusing for the insured to select the right insurer and the right insurance policy.
Due to the evolvement of e-Commerce and other regulatory changes, new insurance requirements like Cyber, D&O, Crime, Ransom etc have come into foray. Acknowledging this scenario, AM EX Insurance Brokers India has been striving to offer the best-in-class services to their clients consistently. Owing to the quality of their offerings and the transparency of their operations AM EX Insurance Brokers India was not only able to create a positive reputation in the industry but they were also able to create a niche in the market.
AM-EX Insurance Brokers is a 12-year-old company and has established itself as one of the
prominent brokers in India. The company supports the SMEs and Corporates for their risk management and insurance requirements. The clientele of the company includes major brands in India and serves segments like, Manufacturing, IT, Trading, Food processing, Infrastructure, Renewable Energy, Hospitality, Logistics and Exports. While price negotiations are an important factor, the company educates their clients about the repercussions of avoiding any important coverage to save some money.
Apart from that, there are a plethora of facets that separate AM EX Insurance Brokers India from the rest including- a) Risk Inspection team to identify coverage gaps, b) Prudent underwriting team for policy design with customised clauses, c) Claim settlement support with empathy and judgement, d) Capacity to handle large volume of claims, e) Fastest claim settlement in the industry, and f) Technology led innovation such as auto SMS alerts, Image based claim processing and online web portals.
Elucidating more on how they are able to strive for sustained success in the industry and what their future aspirations are, Subin Thomas, Managing Director, AM EX Insurance Brokers India adds, “We have a consultative approach for all our clients to analyse their risks they are exposed to, and evolve cost effective solutions to manage each scenario. In this process, deficiencies and coverage gaps can be resolved. This will bring in tangible benefits to the client in terms of reduction in insurance cost, extended coverages and also hassle-free settlement of claims. Educating the client about their risk exposure and the coverages available through insurance policies and it’s limitation also has been the most important aspect of our service.
We have a consultative approach for all our clients to analyse their risks they are exposed to, and evolve cost effective solutions to manage each scenario
This is to ensure that, once the coverage of their respective policies are fully understood, the clients will not be misled with any wrong information or impressions. We maintain high level of transparency and ethical practices in all our services. One of Our major differentiating factors is our claim handling capabilities. We aim to be the most dependable insurance Broker in the country, in terms of customer acceptance, service delivery and with service network across the country. To achieve this, we have initiated processes to increase the resources in different verticals across the country. New locations have already been identified to set up branches”.
