Insurance Audit

• It is a comprehensive evaluation of an organization's insurance program, designed to assess the effectiveness and efficiency of insurance-related processes.
• Insurance audit covers the risk of ‘risk transfer’. Under insurance audit all the insurance sub-processes viz. broker selection, insurer selection, policy procurement, renewals, premium payment and claims management are covered for various risks and controls.

Insurance Adequacy Review

Insurance adequacy review is a one-time in-depth review of your key insurance policies to ascertain whether:

• Your risks (perils) are adequately covered
• All the risk locations (corporate office, plants, warehouses etc.) are covered
• Your sum insured is adequate (reinstated cost)
• Policy conditions are complied with.

The review is an essential step in aligning the organization’s risk management strategy with its operational realities, ensuring comprehensive protection.

Insurance Process Manual

• Insurance is a technical matter and most companies, even large conglomerates, lack visibility on insurance processes within the organization. We help companies streamline their insurance processes and build their insurance manual (SOP) covering all aspects of insurance life cycle from broker selection to claims management.
• By establishing a structured and transparent process, the manual helps organizations maintain consistency, reduce errors, and improve efficiency in managing their insurance needs.

Claims Assistance

• We assist our clients on handling their insurance claims from start to finish. This includes visiting site of loss, handling paperwork, coordination with survey or insurer to ensure that you get timely and justified claim.
• Our objective is to ensure that clients receive timely and fair compensation for their losses, minimizing the financial impact on their business and allowing them to focus on recovery.