ALARGAN
INSURANCE BROKERS & CONSULTANTS
FOR MORE THAN A DECADE, WE HAVE REMARKABLY
BUILD-UP A SOLID REPUTATION IN THE CHALLENGING
MARKET, MAINTAINED PROMINENT UNDERWRITING RESULTS IN
ALL INSURANCE CLASSES AND MOREOVER, INCREASED THE
POTENTIAL OF THE BUSINESS VOLUME WHICH EXCEEDS AN
ANNUAL TURNOVER OF U.S. $5,000,000/-
Backed by qualified team of professionals whose
mission to offer technical advice whenever needed
and above all, committed to provide efficient services
and risk solutions to suit all the needs of our
potential clients, whether they are individuals
or private corporations.
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ACHIEVEMENTS
Being technical consultants, we
have conducted various feasible insurance studies for
major financial institutions where we have contributed
efficiently to deliver distinguished medical healthcare
products and unparalleled insurance services.
As such, we have been assigned to follow the administration
and revision of the medical claims process to ensure prompt
settlement and accuracy and in the same time, act as a
liaison between Bank’s insurance division and Insurance
Companies.
Furthermore,
we have been involved constantly to broaden the business
operation of the ALARGAN Group for expansion and diversification
into new profitable business ventures. Therefore by playing
a major role of being part of this Group, We firmly believe
that our business performance have always been successful.
After all, we are always dedicated to make a difference
to be seen as a part of constructive and innovative solutions
to achieve our goals. In fact this has allowed us to consolidate
our position in the market, raise our standard and grow
steadily along with the right partner.
THE
PART & FUNCTION OF THE INSURANCE BROKER
We, at alargan are not merely an
intermediary searching for an insurer and an insured and
bringing them together. Above all we are the technical
adviser & the administrator of the client’s
interests in all insurance matters.
1 - STUDY
Using
our experience of risks and possibilities of placing them,
we will first make an analysis of the situation which
causes the need for guarantee. For this purpose we first
of all resort to the technique of risks, which varies
according to the nature & exposure of the risk.
Should you have a specialized department, we will be glad
to make the study in co-operation with them.
We, from our side, will offer you our experience and our
knowledge of the market, acquired by negotiating similar
cases
2
- ACTIVITIES
How
do we see such a study & how do we proceed?
The first step is gathering information through questionnaires,
in order to get a general idea of your company or organization.
The next important phase is an interview with the members
of your staff who are in charge of the topics that are
subject to our study. In this phase a good personal contact
is of major importance.
Then we present our findings and a draft of the measures
to be taken.
The confrontation of our report with your point of view
results in a final solution with regard to the risks which
you can bear yourself and those which the insurers are
to take over...
3
- ELABORATION OF THE CONTRACT
Once
the risk has been marked out, we apply the proper insurance
technique, according to the kind of insurance.
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We
give a simple solution to a complex problem and are
ready to assist you at all times. |
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We
thoroughly examine all your relevant insurance problems
and study the existing insurance policies of your
organization. |
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Either
we will adapt the particular conditions to your needs
or, if necessary elaborate a complete policy and avoid
having a gap in the cover. |
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Sometimes
we draw-up several schemes in order to offer you an
alternative choice and propose you an appropriate
insurance cover made to measure. |
4
- PLACING
Once
the guarantees have been fixed, taking into account the
insurance possibilities and when our negotiations with
you lead to a favourable stance, we start with the commercial
study of the placing. In this case too, our experience
of the market, which is always in evolution , indicates
the right steps to be taken :
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Which companies are more specialized in underwriting
this or that risk? |
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Which
companies accept certain conditions, less common but
more advantageous for the insured? |
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Which
companies offer the most reasonable and competitive
premiums? |
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Sometimes
we draw-up several schemes in order to offer you an
alternative choice and propose you an appropriate
insurance cover made to measure. |
Consequently,
a call for tenders will be issued by us in complete and
absolute discretion, selecting the companies in view of
their capacity and solvability in the first place and
in view of their specialization and quotations in the
second place
5 - ADMINISTRATION
Once
the matter has been concluded and agreed upon, we take
care of the contract’s administration, and keep
an eye on due dates. In case of a claim, we will follow-up
the claim settlement process.
Still, we think that our job is not finished there, and
at regular intervals further follow-up may be necessary.
6 - CONCLUSION
Our
description allows a striking comparison: the brokers
part is equal to that of an architect who, after hearing
the client’s wishes, advises him about the project
to be realized. He then drafts it, chooses the materials
and the techniques to be used, according to the newest
developments in the field.
We are devoted to render our professional
support to provide distinguished and unrivalled services
to satisfy the various needs to our clients.
We believe it is worthy to join our views with yours.
Our task is to improve your insurance programs and reduce
considerably your costs as we are convinced we can.
MAJOR
LINES OF OUR INSURANCE SERVICES
1. PROTECTION OF PERSONNEL
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Group Term Life scheme.
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Group Personal Accident Benefit.
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Workmen’s Compensation (as
per Kuwaiti Labor Laws).
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Life insurance combining Investment
& Protection.
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Pension Schemes (Retirement Saving
Plan).
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Long Term Disability or Permanent
Health Insurance.
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Educational Saving Plan.
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Travel Accident Insurance.
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Medical International Health Care.
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Critical Illness Insurance.
