ProAssure 2.32

We are a team of general insurance industry professionals with over 50 years’ combined experience – specifically in the areas of underwriting and claims.

We have collectively underwritten thousands of policies and have settled numerous claims under various policies across the industry segments.

We specialize in customized policies. We design a coverage which addresses the apparent and the latent risks the business faces rather than offering the ‘off the shelf’ products available in the market.

Solutions sans understanding do not sustain the scrutiny of time. Thorough study of your business model, the trade practices and in particular, your risk management outlook, is where we begin from

The Team:

Mr. R. R. Desai - a Fellow from Insurance Institute Of India (a kind of CA equivalent in the field of insurance), an owner of the finest reputation in the general insurance industry with a rich experience of over 40 years in the field of claims and underwriting. Close to 30 years with New India and over 10 years with Bajaj Allianz in various senior leadership roles have imparted him with an unparalleled understanding of the subject. He is the principle head and the technical backbone of the company.

Mr. Jatin Vasani – A management professional with over 20 years experience in the areas of sales, distribution and profit center management. Business planning, distribution management and customer service are his forte. He has worked with the two largest private sector companies - ICICI Lombard as an Area Head – SME & as Regional Manager with Bajaj Allianz General. He is the strategic core of the company.

Our Services:

Risk Assessment – Of tangible & intangible assets, apparent and latent liabilities, probability and severity assessment

Valuation – Valuation from market as well as reinstatement value perspective and exposure estimates

Insurance Audit – We carry out a professional and detailed audit of your policies and highlight the gaps, advise the covers required & cost optimization measures

Claims Consultancy – Right from a qualified opinion to technical / commercial negotiations to Arbitration to Legal Assistance

Risk Retention and Transfer Advisory – There are several risks a business faces. Not all need to be retained nor all can be transferred. We advise the most cost effective ways of handling these risks.

Our Approach:

Critical Risk Evaluation - Most disputed cases witnessed by us in our professional life until now, almost unanimously lacked this basic exercise / expertise. We study and compile the quantum and probability of loss due to various factors such as your specific business operations, the industry, the geography, the clients etc. We than advice you the nature and quantum of protection needed OR not needed – in technical words ‘retained'

Designing & Negotiating Optimum Coverage - Once we have evaluated the risks the business faces, we carefully design a cover for the same. Negotiating the designed cover involves true skills and expertise as this is where the conflict of interest arise.

Commercial & Competitive Analysis - Once the coverage is finalized, round of technical and commercial negotiations begin. The nuances of the agreement, the matrix of coverage and pricing emerge. Based on the business’ trade and risk management outlook we advise the best solution.

Policy Wording Validation - This is the another critical part of our exercise. While many people may have agreed to various terms, the final draft of the policy wording is validated by us before hand to ensure that the agreements are CORRECTLY reflected.

Transfer & Confirmation - More than one insurers may agree for the cover designed and may have a very narrow commercial impact. We evaluate for you the strongest balance sheet, best practices etc and above all who shares your outlook. A confirmation is verification of each policy document for its wording, details / description pertaining to the risk etc. Anomalies if any will be sorted out at this stage itself in order to avail protection as expected.

Periodic Review & Improvement - Business is dynamic. Resultantly, the risks. We review the risk coverage periodically as agreed mutually. We enforce improvement wherever required at that very moment wherever possible instead of waiting for the renewal time.

Call us on +917738755345 for free detailed consultation on any of your insurance policy, claim or other risks related queries / concerns.