Financial Institutions

The last decade has been witness to scores of constructive developments in the Indian Banking sector and Financial Institutions. The Indian Banking sector now compares favorably with other banking sectors in Asia and on the global scene on metrics like growth, profitability, value creation and non-performing assets.

However, the Indian Banking industry is simultaneously undergoing a major transformation due to rapid alterations in the global economic conditions, continuous deregulation, new rules, challenges related to efficiency, diffused customer loyalty, misaligned mindset, competency gap, structural weaknesses and weak banking structure and the failure to effectively respond to changing market realities, is posing challenges for both the public and private sector players.

The cost of banking intermediation in India is higher and bank penetration is far lower than in other markets. India’s banking industry thus needs to strengthen itself significantly to support the modern and vibrant economy which India aspires to be. The onus for this change lies mainly with bank managements, an enabling policy and regulatory framework, customized insurance solutions and the dynamics of effective risk management.

ENAM provides its clients with effective risk mitigation strategies that facilitate dealing with impending threats and market challenges. ENAM offers a range of risk transfer and consultative solutions which are thoroughly critical to the client’s sustenance and success in the Banking and Financial industry.

The industry risks are many-fold and besides the risk exposure to assets, there is also liability risk exposure due to a crime or on funds etc. ENAM’s Financial Institution specialists are committed to providing an altitude of expertise in an ever more complex industry through specialized services.

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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Enam Insurance Broker is regulated by Insurance Regulatory and Development Authority; License Code: DB – 340/06’