Chemicals

The Chemical industry in India is valued at a total of US$30.59 Billion as per the March 2007 report and is a leading contributor to 3% of the GDP. The Indian Chemical industry is the moral fiber of the industrial and agricultural development of India and makes available the fundamentals for downstream industries.

The Chemical industry has been growing at a rate higher than other manufacturing segments of the country and is further expected to rise with volatile growth. India was a net importer of chemicals until the early 1990s, but stands today as a net exporter due to the implementation of numerous large scale petrochemical plants and also the remarkable augmentation of exports post economic liberalization.

The industry is heterogeneous and dispersed in nature, multi-product and multi faceted with several major sectors involving their own built-in set-up, concerns and risks. Also, tactics, business models and significant costs are fast changing to suit the industry’s growing needs and consequently reforming the risk backdrop of these chemical companies. This combines as a result to present complex financial and operational challenges to the Chemical industry where risks are becoming increasingly inter-reliant.

With ENAM’s integrated risk management solutions and benchmarking capabilities, our team of chemical industry experts work in partnership to recognize definite business needs and offer chemical organizations a full spectrum of services and expertise to suit their changing environment.

ENAM Risk Management Strategy

Assistance in determination of the objectives of the client company
Advice on specific and detailed risk identification, analysis and assessment
Selection of the risk treatment devices or appropriate covers from the market
Arranging for risk transfer with optimization of covers at best possible quotes
Prompt claims facilitation, cooperation and provision of technical expertise.

To know more, please feel free to write to insure@enam.com

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