Alliance Insurance Brokers has organised its first BFSI Risk Management Summit to address current industry challenges

by Priya Jadhav

Mumbai, March, 2024 – Alliance Insurance Brokers has organized its first BFSI Risk Management Summit at the prestigious Sofitel BKC in Mumbai on March 6th, 2024. The summit has provided a comprehensive platform for industry stakeholders to enhance risk awareness, identify mitigation methodologies, understand compliance and regulations, explore effective risk transfer opportunities, and foster overall education and empowerment. Risk management is increasingly becoming significant in the era of new-age insurance, as insurers today need to be more aware around identifying, assessing and mitigating potential risks associated with underwriting and issuing a policy. Better risk management for an insurance company means better bottom line, better value for my customer.

Aatur Thakkar, Co-founder and Director, Alliance Insurance Brokers said, “With heartfelt gratitude, I welcome you all to celebrate our 20-year journey, a testament to our clients' unwavering support. Our mantra for success has always been 'client first.' From humble beginnings guided by my father's wisdom in 2003, we've grown to manage over 2000 crores in premiums, serving 3500 customers annually. As we expand our reach across 15 cities, Alliance remains dedicated to providing sustainable protection and risk management solutions for every client, in every sector.”

Sunil Vidhate - Associate Director, Financial Institution Group, Alliance Insurance Brokers Pvt Ltd said, “With this summit, we want the industry to work in collaboration, building better risk management strategies together for a better future of insurance. The insurance industry is becoming highly competitive, where both traditional insurance companies and new entrants are trying to increase their consumer outreach at a faster pace. In such a scenario, risk management in insurance is critical for maintaining financial health, ensuring fair and accurate premium pricing, complying with regulations, protecting reputation, bringing in innovation and most importantly, increasing consumer outreach across the country.”

Tobias Sigurdsson, Head of Cargo & Specie at HDI Global Specialty said, “The motive behind such summits is dedicated to the development of tailored insurance solutions and the implementation of advanced risk management practices. The overarching goal is to proactively minimize potential losses arising from unforeseen events.”

The summit promises to be a cornerstone in the BFSI sector's journey towards more effective risk management and insurance solutions, with attendees expected to gain greater knowledge and comprehension of tools available to protect their businesses

About Alliance Insurance Brokers:Alliance Insurance Brokers is one of the leading insurance service providers in the country. Maintaining its legacy for close to two decades, Alliance Insurance is known as one the key risk managers and reinsurance brokers. While most insurers focus towards life, health and motor insurance; this company also provides insurance in sports, jewellery, films and entertainment, aviation, financial institutions group, infrastructure & energy, manufacturing to name a few.

About BFSI Risk Management Summit:The BFSI Risk Management Summit is a premier event dedicated to enhancing risk awareness, identifying mitigation methodologies, and exploring effective risk transfer opportunities within the Banking, Financial Services, and Insurance sectors