Vision Group

Vision Insurance Risk Analysis Management (VIRMAM) & Brokers  Pvt. Ltd.



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Skip Navigation LinksVision Home : Insurnace-Home : VIRAM Brokers : Services : Policy Placement

Policy Placement Solutions   
Gap Analysis Process RFQ & Negotiation Quotation Evaluation & Recommendation Policy Placement
Policy Scrutiny Policy Administration Insurance Information Programs CLAIM Management
   
GAP – Gap Analysis Process
   
 
Risk Profiling
 
VIRAM begins the Policy Placement Process with a thorough GAP - Gap Analysis Process. We conduct a thorough risk profiling, which entails cataloguing and mapping your company's business processes and identifying areas of loss exposure. We then map these exposures against your existing insurance coverage to identify gaps where your existing coverage may not adequately protect all your risks.
   
Policy Analysis
 
As we analyse individual policies, we determine whether necessary clauses and the appropriate valuation methods that protect your interests fully have been correctly applied.
   
Portfolio Rationalization
 
VIRAM demonstrates its technical expertise by rationalizing your insurance portfolio so that you can be adequately covered for all areas of risks. Our Market Intelligence expertise enables us to identify the most suitable insurance products and the most capable underwriter to protect your interests.
   
 
  Potrfolio Rationalization Service                                    
 
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If your business and risks are unique and present never-before underwritten risk, we have the technical competence to create a custom product for your requirements and get it rated by an underwriter.

We head towards the next stage of Policy Placement - RFQ & Negotiation - armed with a comprehensive proposal on your company's transferable risk and an estimate of the rates you should pay.

VIRAM excels in portfolio rationalization, value-enhancement, and innovation of coverage for your insurable risks.
 
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RFQ & Negotiation
 

When we request for quotation from insurers, we do so because we have current market intelligence about each insurer's strengths in coverage and service. Thus, we solicit quotations only from the strongest insurance underwriters who will be able to deliver on their commitment to our clients.

VIRAM negotiates aggressively on behalf of its clients for comprehensive coverage and value-based rates. We have been able to negotiate innovative coverage for our clients using our technical skills, creativity, and negotiating power with insurance underwriters.

 
    Dicey negotiations?
   
Quotation Evaluation & Recommendation
 

VIRAM returns to the client equipped with several quotations and written evaluations and recommendations about which quotation makes sense for the client. The client can then consider the recommendation and make a final decision, always having the option of asking for another round of negotiation on terms and rates. 

   
Policy Placement
 
When the decision is finally made to place the policy with an insurer, VIRAM submits all relevant documents and the premium cheque on your behalf and follows up to ensure you receive the cover note and/or policy within a reasonable period of time.
   
Policy Scrutiny
 

Policy scrutiny is necessary to ensure that the policy issued to you adheres to the proposal form sent to the underwriter. Careless and unnoticed omissions- which can easily occur in a lengthy document- could jeopardize your right to claim indemnity. All our clients' policies are scrutinized against a comprehensive checklist to ensure that every detail is correct and every clause is included. Only then do we forward the policy to you.

At VIRAM, policy scrutiny is part of a rigorous system carefully designed to deliver exceptional and error-free service to our clients.

 
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