Insurance Brokers Maldives Pvt Ltd. (IBMPL)
Broker of Choice in Maldivian insurance Market
With international quality standards & technical expertise and we will achieve this status by ensuring Consistent Quality Services from its Professional Employees to its Clients with the support of Insurers and Reinsurers and in Compliance with the Maldivian Regulations.
Insurance Broking
We help you buy the right insurance product through our structured approach
Risk Management Services
Risk landscape continues to evolve in today’s complex business and regulatory environment.
Employee Benefits Insurance
We help clients design employee benefits Insurance programme – be it medical insurance, personal accident, life insurance or travel insurance
Why us
- Our industry focused approach
- Our insurance subject expertise
- We go beyond transactional relationship
- Depth of commitment we bring to our service deliveries
- Our international affiliations enhance our expertise
- Our partnership based approach with Clients and Insurance Carriers
Industry Expertise
Our Services
We help you buy the right insurance product through our structured approach of:
- Risk Exposure Analysis
- Existing Insurance Policy Analysis / Gaps mapping
- Industry Benchmarking
- Presenting the Risk to Insurance Companies
- Premium Negotiations and Quotes Evaluation
- Insurance Coverage Placement
- Policy Scrutiny Post Placement
- Policy Administration
- Insurance Portfolio Management
- Monitoring the Service Standards
- Proactive Engagement with Insurers
- Training of Insured Team Members
We repeat this process at every renewal.
Risk landscape continues to evolve in today’s complex business and regulatory environment. Structured Risk management approach plays an important in Companies’ sustainable success.
As your trusted partner we provide risk management solutions to help you in following risk management solutions;
- Risk Avoidance
- Risk Retention
- Loss Prevention
- Loss Minimisation
- Contractual Risk Transfer
- Buying Insurance
Risk management is a long term process and needs a continuous engagement amongst all stakeholder to yield the long term sustainable gains – so that it helps you understand new emerging risks and ways to mitigate them.
We help clients design employee benefits Insurance programme – be it medical insurance, personal accident, life insurance or travel insurance, which are in sync with the overall HR objectives of the client.
Claim handling is one of the most important are of our services. Our proactive claim management process helps you navigate through difficult situation in the circumstances of any unfortunate event of loss. Our aim is to provide immediate assistance to clients when claim occurs and protect the interest of clients.
Through our effective claim solutions, we ensure
- Effective negotiations with insurers for valid claim recoveries
- Expedite the surveys and coordination with the loss adjusters
- Facilitating the timely submission of claim supporting documents
- Monitoring of claims progress till successful resolution
It is important to buy insurance for values which represent true risk and avoid any surprise of underinsurance at the time of claim. We can facilitate valuation of assets to reflect the realistic values for insurance purpose.
We offer a range of value added advisory services designed to assist lenders like banks and other lenders or guarantors by providing the following:
- Identify key insurance areas from a review of the project documents.
- Identify key risk exposures areas having significant bearing on the project.
- Review of the proposed Insurance program.
- Our opinion on the suitability of the Proposed Insurance and reinsurance programmes including opinion about securities and Policy Endorsements specifically to protect Lenders interests.
