Corporate Risk Solutions
ever-evolving business environment poses a challenge in optimising the best risk mitigation option. Knowledgeable Insurance broker is committed to find the best solution to the corporates to mitigate likely economic losses due to unforeseen eventualities. INTERLINK with its combined industry experience of more than 300 years would be obvious choice.
Corporate Risk Solutions
ever-evolving business environment poses a challenge in optimising the best risk mitigation option. Knowledgeable Insurance broker is committed to find the best solution to the corporates to mitigate likely economic losses due to unforeseen eventualities. INTERLINK with its combined industry experience of more than 300 years would be obvious choice.
A Corporate Risk broker acts as an intermediary between corporations and insurers, representing the insurance buyer unlike an agent, which ultimately represents an insurance company and not the Client.
Corporations with large commercial and industrial risks rely on the expertise of insurance brokers to obtain adequately priced insurance coverage and provide risk management consulting services. In the past few years, rising medical costs, terrorism, complexity in industrial risks, supply chain uncertainties, default risks, corporate scandals, and increased litigation have led to a growing demand for brokers to find protection for their clients particularly for risks for which capacity is scarce.
Thus, Insurance brokers reduce search costs, uncertainty and asymmetric bargaining power while ensuring availability of feasible options to the insurance buyer, help selecting appropriate products and providers while rendering actuarial, loss control and claims management services.
Armed with the following strengths, INTERLINK renders our clients a competitive advantage:
- Rich-legacy – Incorporated in 1984, INTERLINK is an independent, professionally-run Indian broker with a far-reaching Global Foot-print (present in all continents and in over 46 countries with a premium placement of around USD 175 Million)
- Composite Broker – INTERLINK possesses the knowhow and regulatory approvals to be a general Corporate Risk solutions provider in Indian market while delivering Reinsurance solutions across the globe.
- Knowledge and experience-based expertise – INTERLINK is led by a team of highly competent, qualified and accomplished team of professionals with sound product & sectoral expertise. The combined industry experience of the core team of INTERLINK is more than 400 years.
- Strong Client and Employee-centric business values – Our core values underpin our work philosophy and are the cornerstones of our Business Principles. They reflect the fulcrum of our ethos and work in tandem with our passionate belief in total commitment, integrity, accountability & transparency.
- Thought leadership - Publishing the Coffee book ‘III’, every year since 1986, the statistics on Indian non-life Insurance Industry, which is well received by the reinsurers across the globe.
- Proven dominance – Lead broker for GIC Re, and various Reinsurers across the globe; Placing world’s largest CAT XL from Japan.
- Economies of Scale – Extensive geographical reach, with more than 200 Reinsurers & Insurers across the globe; Exclusive capabilities and capacities for unique niche products.
- Leveraging Business synergies - A strong synergy between Corporate Risk team (empowering Sales, Underwriting and Claims to deliver the best-in-class risk transfer solutions) and Reinsurance team (with global reach to get the most contemporary risk transfer solutions for complex risks from the relevant Industry/geographies across the globe).
Our approach
Corporate Risk Solutions and has evolved during the last two decades from its core function of matching pre-defined insurance coverage needs with insurance supply within a budgeted price. This required primarily detailed market knowledge on the part of the insurance broker. Over the last decade, brokers have begun to offer additionally new services and have changed the market’s perception of their role.
INTERLINK employs sophisticated risk-analytical, benchmarking and modelling skills in combination with profound market knowledge to structure appropriate bespoke risk solutions for our clients before placing the risk with the appropriate insurers at competitive price. This improvement in risk-analysis methodology helps us evolve from being mere providers of basic brokerage services into trusted risk advisors offering a wide variety of enterprise-wide risk management and consultation services.
Post engagement, INTERLINK team initiates the review of our clients’ business at a strategic level basis sophisticated risk-management tools that allow us to understand our Clients’ risk profile, identify cost drivers and analyze enterprise-wide risk under 2 categories – Insurable Risks and Uninsurable Risks.
This also assists in understanding and evaluating the prevailing risk exposures to categorise them so that they can be
- Eliminated
- Controlled
- Transferred through contracts or other transfer options
- Transferred through Insurance
Risk Management Process Overview
Risk Management Process Overview
We at INTERLINK work with your risk manager and the senior management team to go through the above process and categorizing the exposures into different buckets.
INTERLINK client value proposition aligns well in meeting all your Insurance needs. Our differentiators include:
- Understanding the risks that you carry as a business organization and linking it to the appropriate risk transfer solutions that is within acceptable financial controls and on the right side of the cost-benefit analysis.
- We present a one-stop shop staffed by skilled professionals fully equipped with the full range of insurance & risk management disciplines with proven knowledge
- Providing a high level of pre- placement and post placement services from a team that has the requisite expertise and strength
- Provide an effective claims management service; and be client focused, transparent and accountable.
