Before selecting the insurer, it is also essential to consider that the insurance company you select understands all the legality and potential exposures you face especially when you are in a high-risk pharmaceuticals industry. The company with the backing of a leading team of legal professional’s experience and index specialist knowledge can give you the best possible advice on risk management and the insurance.
It is a wise thing to take the risk, without it there is no room for your business to grow. But it is also important to connect to a broker that helps to empower you to embrace your risk.
By:Mr.Rakesh Goyal, Director, Probus Insurance Broker Ltd.
The major problem faced by the InsurTech startups in date is that they still rely on traditional insurers to handle underwriting and manage catastrophic risk. However, as more InsureTech startups manage to collect consumer interest with a refined model and a user-friendly approach, they may find that the existing players go behind the idea of InsurTech and this might interest them in adapting some of the innovation.
By: Mr.Rakesh Goyal, Director, Probus Insurance