Edelweiss' Insurance Broking brings unmatched expertise in Risk Analysis, Assessment and Transfer and a broad spectrum of services from Risk Management to Claim Settlement in Non-Life Insurance.
Edelweiss commenced operations as a Direct Broker, licensed by IRDA in March 2005 and with its unique blend of the experience of insurance industry veterans and the enthusiasm of young achievers committed to excel in the field of insurance, it has created a significant niche for itself in the General Insurance Broking space.
Our Insurance brokers are committed to act in the best interests of the client. Analysis and perception of risk is an integral part of their advisory role and helps in fetching favorable pricing and protecting client assets. We at Edelweiss have always provided support services to our clients while upholding and remaining true to our fiduciary duties.
Our Services include:
Risk Management and Insurance Planning services are important for an organization in order to review its risk management strategies and adopt technical risk management measures. Such measures and strategies help organizations manage risk effectively and profitably.
Our Risk Management Services include:
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Identification of all major internal and external risks |
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Reviewing of existing risk control measures |
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Guidance on Risk Treatment and Improvement |
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Devising Risk Management Strategy |
Once a Risk Management program is in place, reviewing it is a vital component of any business continuity plan. Our Risk Management consultants help in devising the Risk Monitoring processes.
Some of our Risk Monitoring activities are:
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Taking corrective action if required |
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Determining if risks not previously identified have arisen |
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Evaluating if risk handling methods are effective or new actions need to be planned |
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Ensuring risk handling actions have been implemented as planned |
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Determining if the risk level has changed |
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Periodic reviewing of the risk control measures |
We create a platform to discuss risks and business strategy and connect them to design a comprehensive insurance program that effectively protects the company. We have established a review process that ensures the insurance program is constantly monitored so that any changes to the business will correlate with the opted coverage.
Our Services include:
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Analyzing the client's business processes |
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Providing advice on the existing coverage vis-a-vis the risks and exposures |
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Scrutiny of all existing major insurance policies with respect to:
- Rationalization of basic rate of premium and widening of covers
- Applicability / eligibility of discounts in premium
- Application of suitable clauses, warranties and conditions |
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Identification of possible areas for premium refund and suggestions |
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Selection of insurance coverage on the basis of risk analysis |
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Providing guidelines on fixing the sum insured |
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Evaluation of business interruption exposure due to identified risks |
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Providing guidelines on documentation requirements, procedures for claims under various policies |
Our Insurance Portfolio Management Services assist clients with the various insurance policies required by an organization, and the management and maintenance of these policies.
Our Insurance Portfolio Management Services include:
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Organizing premium quotations for insurance placement |
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Analysis of quotes received from insurance companies |
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Placement of insurance with optimum coverage at the best available price |
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Administrating insurance portfolio on regular basis |
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Maintaining systematic records and assurance of timely renewal reminders |
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Organizing in-house seminars and educating personnel on insurance related matters |
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Periodically reviewing any additional insurance requirements |
At Edelweiss we recognize that Claims handling is of paramount importance to our clients and we place the highest emphasis on the Claims services we provide. Our Claims department is carefully recruited, well resourced and forms an integral part of our client servicing team.
Our Claims Management Services include:
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Understanding existing processes, philosophies, service needs and challenges in Claims handling |
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Notification of all Claims and Claim circumstances to the appropriate insurers |
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Coordination and guidance in submission of all Claims related documents |
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Coordination of any issues that arise in the settlement of Claim at all stages |
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Management of complex claims |
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Consultation and advice on coverage questions prior to Claim notification and issues likely to arise post Claim notification |
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Assistance in Claim settlement negotiation |
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Maintaining Claim records |
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Producing Claim reports and analysis as required |
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Providing Claims review meetings on regular basis |
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Creating efficient, effective, and pro-active strategies to reduce Claim costs and mitigate exposures |