The Indian industry has seen a sea change in the past few years. From a controlled, tariffed environment, it is slowly evolving into a fully de-tariffed industry, which is as uncertain as it is dynamic.
The industry in the coming years will be fully detariffed as can be seen from the graphic given below:
With the increasing need for risk evaluation and risk mitigation processes in every industry, it is imperative, that a team of experts whose core competency lies in claim management should, also manage claims arising from various perils.
With the freeing up of the tariffed wordings, every policy may have its own wordings, based on the covers available, which would determine the coverage offered by the policy in the event of a loss.
We, at Magus, therefore felt the need to set up a full fledged team of highly skilled professionals from different domains such as Chartered Accountants, Engineers, Insurance Industry professionals and Lawyers, to provide our clients with a single window to address various issues that arise at the time of a loss.
The team understands that “a claim settlement delayed, is a claim settlement denied” and strives to ensure that each client receives his fair settlement under the policy.