Bharti AXA General Insurance launches risk management advisory and consultancy studies for small and medium enterprises

Company Brief

Hyderabad, March 24, 2011

Bharti AXA General Insurance Company Ltd today announced its intent to launch Risk management advisory and consultancy studies for Small and Medium Enterprises in the state of Andhra Pradesh. This is a part of the company's strategy to offer value added services to its select clientele and prospects in the field of Loss Prevention and Risk Management. Bharti AXA General Insurance becomes the first & only insurance Company in India with an in-house risk management team offering the widest range of risk management services. The company is offering Pre Acceptance survey with specialized consultancy studies at a nominal cost across select evaluation, audits and surveys. These include General Safety Audit, Fire Safety Audit, Electrical Safety Audit, post loss survey, risk inspection amongst others. The strength of the risk engineering services may be attributed to the wide experience of professionals who have carried out more than 5000 different assignments for all types of industries over a period of nearly 3 decades.

Bharti AXA GI insulating the Indian SME

The company differentiates itself by its quality of professionals with a gamut of experience across sectors, range of service offerings, process excellence and the power of combined best practices with its international partner AXA, leaders in financial services operating across 55 countries. Based on assessments, Bharti AXA General Insurance gains a position of advantage whereby the company is able to provide flexible and cost effective insurance solutions that enable SMEs to manage their risks effectively. Further, the company additionally provides 24 add on covers.

"We have an estimated 13 million SME pool in the country. Most of them find it taxing and some almost impossible to recover from catastrophic events. This is owing to the nature of the SME business wherein the capital is infused largely by a single promoter. A single devastation can wipe out livelihood for these promoters and people working for these SMEs. Further, partners, vendors and customers prefer to work with SMES who are insulated from such risk" said Dr. Amarnath Ananthanarayanan, CEO & MD, Bharti AXA General Insurance. A big part of the insurance business is protecting assets from the unexpected. Our in-depth knowledge and understanding of risks facilitates development of customized risk engineering solutions that provisions for not only destruction of capital assets but also helps prevent SMEs from being adversely impacted in their daily operations."

For further information, please contact:

Hanmer MSL

Dominic Savio J

Mobile: +919885917743

Email: dominic@hanmermsl.com