Insurance Broking Industry to descend on the city for the 14th All India Brokers Summit

Hyderabad, January 23, 2018. Hyderabad will be the proud host of 14th All India Insurance Brokers Summit. The Theme of the Summit is “Insurance Brokers—Maximizing Value for Policyholders”.

The day-longevent will be inaugurated by Mr. T.S. Vijayan, Chairman of Insurance Regulatory& Development Authority of India, who will also deliver the key noteaddress of the inaugural session. 

Vijayan willrelease Findings from Broker Friendly Insurer Survey and giveaway the awards to the leading broker friendly insurers. 

In theannual E-Survey conducted by IBAI, all broker members rate insurers on variousparameters relevant for policyholders. The survey collected feedback oninsurers’ orientation towards brokers, claim and grievance handling, quality ofpolicy placement and domain expertise. The results are combined withquantitative information from public disclosures to identify the best insurersacross parameters.

This effortwill help insurers identify where they stand vis-a-vis policyholders andbrokers, said Mr Kapil Mehta, Director IBAI who worked on this initiative.Thesurvey covers only General and Health insurers, he added.

The mainobjective of this Brokers Summit is to promote interaction encourage, promote,facilitate and protect the interests of the members of IBAI and to provide anavenue to the members for further education, training and research in allfields of insurance, said Mr. Vijay Rampal, Secretary of IBAI 

The daylongevent will have Educative Panel discussions conducted by CMDs, SeniorExecutives of insurance companies and leaders of the Insurance Industry.

All togetherthere will be four panel discussions: 

·Brokerscollaborating with insurers to maximize value for Policyholders

·Innovationin Policy Wordings, Claims, Technology, Distribution

·ExpandingRole of Insurance Brokers as Trusted Advisors

·RegulatoryFramework for Strengthening the Insurance Broking Channel

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