Given the tight budget on which many organizations operate, a single large and unexpected expense could lead to financial ruin. In order to avoid complications companies must abide by legal, ethical and moral compliances. Clearly, getting the right insurance to guard against the biggest risks is a wise move. However, assessing one’s insurance needs and figuring out the right policy that comes at an optimal cost is not a trivial task. Organizations mostly prefer to relegate this daunting task to insurance brokers, who are well aware of the terms and conditions, benefits and exclusions and costs of a wide range of competing insurance policies. Brokers can help find the most appropriate cover for the circumstances under which a particular organization operates. Subin Thomas, Director, with his past experience as a broker, realized how prudent risk management is vital for every organization to achieve sustainable long term growth. He incorporated AM-EX Insurance Brokers (India) Pvt. Ltd. in 2009, to provide corporate insurance brokerage services.

Headquartered in Kochi, AM-EX provides an array of services: Risk Assessment, Underwriting, Price Negotiations and Claims Management. With its elaborate services, the company helps its clients in various ways; starting from keeping the client aware about the risks they face, preparing insurance policies for clients to avoid confusions during the claim, receiving market competitive pricing on policies to helping in quick settlement of claims by guiding them during the claim negotiations and documentation. AM-EX’s highly process driven value added services ensures uninterrupted service delivery. The technical experts and risk managers of the company work scrupulously on assessing a client’s risk requirements and offer them optimized cost effective solutions.

By thoroughly accumulating industry knowledge and maintaining close relations with insurance providers, the company helps its clients to pick the best suited and competitively priced policies

Subin notes, “Issues like lack of focus at the time of underwriting, lack of thorough risk assessment, deficiency of technical knowledge during placement of the Risk and also imperfect claim documentation and follow-up, leads to problems like Non-Admissibility of claims or Claim Disputes, We solve these issues; while corporate can focus on their core businesses”.