Telecommunications

The Telecommunications industry has been riding up the growth curve at an intense pace over the last few years. The growth statistics of the sector pooled in with the Indian Government's verdict to raise the foreign direct investment (FDI) cap to 74 per cent in the sector has resulted in scaling interest among global investors.

The share of telecom in FDI rose from 3-4 per cent to 12-15 per cent in the calendar year 2007 and the Indian telecom market has developed to become the third major communications market in the world.

And as one is aware technology and Telecommunications industries are global, and doing business across borders can be complex and fraught with obstacles. Your own premises are the nerve-centre of your business, and you need to know that you’re covered in the event of damage to your equipment or accidents on the premises, that’s where property damage and public liability insurance come in.

Other bottlenecks for Indian Telecom industry are; slow reform process, low penetration, service providers bears huge initial cost to make inroads and achieving break-even is difficult, huge initial investments, limited spectrum availability and interconnection charges between the private and state operators.

ENAM is perfectly placed to help you understand and manage these risks. We can advise you on risk management and risk transfer solutions available to the Telecommunications sector, and work with you to tailor insurance policies to respond to specified risks.

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’