Welcome to JLT Independent

Major Corporate Risk Group

Businesses today face all kinds of risks, some of which can cause disruption of revenue, profits or even bankruptcy. Some of these potential hazards can destroy a business, while others can cause serious damage that can be costly and time consuming to repair. These risks cause operational disturbances that put an organisation at production, economic and occupational risks. A specialist is required to understand the implications of these risks on the balance sheet of the organisation and structure risk transfer mechanisms accordingly.

The Indian economy is growing at an exponential rate. This growth has facilitated in the evolution of corporates and the formation of different business verticals that cannot be categorized into one segment. This has created the need for an overall risk and insurance advisor which caters to the organizations risks as a whole. To ensure that organizations obtain a holistic risk map, the Major Corporate Risk Group is significantly instrumental. MCRG works to identify the different risks associated with an organization and create an insurance solution ensuring optimal risk transfer resulting into reduction in the consolidated cost of risk. We take a holistic view of business interruption through our centre of excellence and consider the full spectrum of property and BI risks, from natural catastrophe and fire to supply chain disruption and CBI.

GET IN TOUCH

Bidhan Saha

Director - Energy, Construction and Major Corporate Risk Group, JLT Independent

022-45105904

bidhan_saha@jltindependent.com

What we do

Our team comprises of highly skilled senior specialists who are widely experienced in adapting to market conditions, analysing and responding to time-critical needs of the industry and innovating strategic risk solutions for all types of Property, Construction, Marine and other Miscellaneous risks. At JLT, we can help clients manage a range of risks, from core operational and tactical to strategic and opportunistic risks. By combining internal expertise with external strategic partnerships, we provide our clients with a one-stop shop. We resolve our clients’ risk issues through a creative, responsive and flexible approach.

Our Offerings

  • We offer risk management and consulting, insurance broking, alternative risk financing and insurance program management services to businesses
  • Advisors to organizations of large sizes, across all industries and all levels of complexity to effectively manage and quantify the risks
  • Consultative approach on Risk advisory and Insurance Broking
  • Combination of deep intellectual capital, industry-specific expertise and wide spread global presence
  • Provider of Risk Consulting and Enterprise Risk Management solutions to the clients

Key Services

  • Risk consulting
  • Product offering
  • Claims Consulting

Risk Consulting:

The scope of risk management has changed to such a degree in recent years that conventional views of risk have had to be altered. Our changing world has produced new risks that do not easily fit into historical frames of reference. The risk landscape is changing swiftly towards a dynamic approach which focuses on adding value to the organisations. JLT Independent’s Risk Consulting division delivers risk management and risk consulting solutions to clients in India. We augment our capabilities by drawing on the skills and expertise of colleagues in the JLT global network. In this way, we tap our global experience to deliver optimal solutions to our clients, as necessary. In addition, leading edge technology from JLT’s Interactive Solutions division allows us to support analysis and information management that enhance the value of the services we provide.

Our Services:

  • Property Loss Control
  • Business Interruption
  • Enterprise Risk Management
  • Supply Chain Risk Management
  • Marine Risk Management
  • Warehouse Safety Audit
  • Business Continuity Management (BCM)
  • Product Recall Risk Management

Product Offering

Property

  • Standard Fire and Special Perils
  • Business Interruption
  • Industrial All Risks (Material Damage & Business Interruption)
  • Package and Mega Policy

Operational Consequential Losses

  • Machinery Breakdown
  • Machinery loss of Profit
  • Deterioration of stocks
  • Civil engineering completed risk

Marine Insurance

  • Hull and Machinery
  • Cargo
  • Loss of Hire
  • Protection and Indemnity (P&I)
  • Ports, terminals and marinas
  • Shipyards
  • Specialist tonnage
  • War risks/piracy

Claims Consulting:

OUR TEAM’S APPROACH INVOLVES

  • Developing a clear claim strategy
  • Minimising your time in claim preparation
  • Evaluating realistic loss estimates to manage expectations
  • Challenging unnecessary practices, which may delay or prejudice settlement
  • Preventing disputes and potentially costly resolution or litigation
  • Expediting the settlement to save time and cost

OUR CLAIMS CONSULTANCY SERVICE INCLUDES

  • Claim quantification and preparation
  • Securing interim payments to optimise cash flow
  • Technical and procedural advice
  • Assessment of policy coverage
  • Review of claim submission
  • Processes for data collection and loss measurement

Claims Management

We have well-constructed claims procedures which are essential to the management of claims. In addition to undertaking a full review of transferred claims, we assess existing claims procedures to identify potential improvements for the benefit of all parties. Claims management is embedded as a front office function at JLT, with claims managers actively engaged with the account management team.

Key Stats

  • Managing Major Corporate Risk of 11 Nifty 50 companies
  • 3.6 GW of renewable energy under management
  • Representing 6 out of top 10 pharma companies in India
  • Managing Major Corporate Risk of 4 of 5 largest conglomerates in India

Why JLT

The scope of risk management has changed to such a degree in recent years that conventional views of risk have had to be altered. Our changing world has produced new risks that do not easily fit into historical frames of reference. The risk landscape is changing swiftly towards a dynamic approach which focuses on adding value to the organisations. JLT Independent’s Risk Consulting division delivers risk management and risk consulting solutions to clients in India. We augment our capabilities by drawing on the skills and expertise of colleagues in the JLT global network. In this way, we tap our global experience to deliver optimal solutions to our clients, as necessary. In addition, leading edge technology from JLT’s Interactive Solutions division allows us to support analysis and information management that enhance the value of the services we provide.

With presence in over 135 countries in the world and 6 cities in India our internationally integrated team of professionals are technically skilled and experts in every market in which they operate, allowing them to deliver excellence and innovation.