{"id":43942,"date":"2024-10-02T17:21:42","date_gmt":"2024-10-02T11:51:42","guid":{"rendered":"https:\/\/businesspoint.co.in\/index.php\/2024\/10\/02\/mutual-global-insurance-icici-lombard-unite-for-key-infra-development-event\/"},"modified":"2024-10-02T17:21:42","modified_gmt":"2024-10-02T11:51:42","slug":"mutual-global-insurance-icici-lombard-unite-for-key-infra-development-event","status":"publish","type":"post","link":"https:\/\/businesspoint.co.in\/index.php\/2024\/10\/02\/mutual-global-insurance-icici-lombard-unite-for-key-infra-development-event\/","title":{"rendered":"Mutual Global Insurance & ICICI Lombard Unite for Key Infra Development Event"},"content":{"rendered":"
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Bengaluru (Karnataka) [India] October 2: <\/span>Mutual Global Insurance Broking<\/a> Pvt. Ltd.<\/strong>\u00a0\u2013 a Bengaluru-headquartered, IRDAI-licensed insurance broker, in collaboration with\u00a0ICICI Lombard General Insurance Company Ltd<\/strong>. \u2013 one of the leading private sector general insurance companies in India, recently organized a mega event titled\u00a0\u2018Builders\u2019 Meet\u2019<\/strong> for its existing and prospective clients, including majorly business owners and operators within the infrastructure and real estate industry. The event was primarily aimed at spreading awareness about the various emerging trends, opportunities and products across the nation\u2019s general insurance space, which could benefit builders\/developers shortly.<\/p>\n

The single-day event, which was held at\u00a0Welcomhotel by ITC Hotels, Richmond Road, Bengaluru,\u00a0<\/strong>featured ICICI Lombard as its exclusive knowledge partner. The event was attended\u00a0by Mr. Anand Singhi, Chief \u2013 Retail & Government Business, Mr. Gaurav Arora \u2013 \u00a0Chief UW, Claims & Property, Mr. Faiz Ahmad \u2013 Vice President, SME Agency<\/strong>\u00a0and several other senior dignitaries from the Claims, Underwriting, VAS and Product teams of ICICI Lombard.<\/p>\n

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Mr Gaurav Arora Chief Underwriting and Claims ICICI Lombard<\/figcaption><\/figure>\n

Mr. Bishnu Charan Hotta, Co-Founder & Director, Mutual Global Insurance Broking Private Limited,<\/strong>\u00a0delivering\u00a0<\/strong>the welcome address at the event, commented, \u201cThis pioneering Builders\u2019 Meet event is our forum to bring together key stakeholders of the nation\u2019s infra, realty and insurance ecosystems. This initiative comes at a time when the general insurance market in India is witnessing substantial year-on-year growth, alongside constantly increasing penetration of property and infrastructure-related insurance policies. Through this event, we are attempting to create awareness on future-facing game changers like surety bond insurance, which is poised to enhance capacity of our country\u2019s infra contractors towards enhancing their execution capabilities, thereby supporting and bolstering India\u2019s infrastructure development projects and goals. Additionally, with the support of our event partner ICICI Lombard, we are facilitating valuable interactive sessions relating to title insurance, claims settlement best practices, impact of de-tariffication of insurance policy wordings, among other relevant topics\u201d.<\/p>\n

Through its value-added sessions and expert-led conversations, this unique event helped in highlighting the nuances of: i) surety bond insurance (which promises to boost capabilities of infrastructure clients and contractors and help them in planning and managing their business operations efficiently), and ii) title insurance (which protects or insures landowners and property developers against losses incurred due to any property disputes or defects in the property\u2019s title).<\/p>\n

The event also witnessed an enlightening panel discussion-cum-interactive chat session with participation from seasoned business leaders and experts. During the panel,\u00a0Col. (Retd.) Milan Khurana, Former Executive Director at Prestige Group<\/strong>\u00a0emphasized on the importance of infrastructure in making India the third largest economy in the world. \u201cBroadly speaking, infrastructure can be categorized into two buckets \u2013 economic infrastructure (facilities like roads, airports, railways, etc.) and social infrastructure (education, health and housing). Both of these are critical in fuelling India\u2019s ambition of becoming a $5 trillion economy,\u201d he added.<\/p>\n

Commenting on the recently-approved (by IRDAI) de-tariffication of policy wordings, another panellist\u00a0Mr.<\/strong>\u00a0Chidananda NP, Head \u2013 Shared Services, RMZ Corp.<\/strong>\u00a0said, \u201cDe-tariffication of wordings has come as a great opportunity, and not as a threat for the Indian insurance industry. It is helping today\u2019s service providers and insurance companies in customizing their products and creating a sense of true competition in the market, while simultaneously increasing the responsibility even more for brokers\u201d.<\/p>\n

Mr. Kedar Nath Choudhury, Group CFO of Stellapps Technologies and Founder, 2050 Healthcare<\/strong>\u00a0opined that in the years to come, there shall be a growing opportunity for start-ups enabled with advanced technologies like Blockchain, Augmented Reality (AR) and Internet of Things (IoT) to completely transform how the construction industry operates.<\/p>\n

While fostering open dialogues and diverse perspectives, the conclusive consensus that came out of this event was that India\u2019s infrastructure and insurance sector must work hand-in-hand to support the nation\u2019s economic growth and infrastructure-led progress. Notably, Mutual Global Insurance Broking has, over the years, positioned itself as one of the leading names in facilitating insurances of numerous acclaimed engineering and infrastructure projects across the country, including public highway, tower and construction projects worth thousands of crores. The company is also currently one of the leading channel partners for ICICI Lombard in India.<\/p>\n

About Mutual Global Insurance Broking Pvt. Ltd.<\/u><\/strong><\/p>\n

Founded in 2020, Mutual Global Insurance<\/a> Broking is a renowned Indian insurance broker specializing in engineering and property insurance. We are regulated by The Insurance Regulatory and Development Authority of India (IRDAI), and associated with various leading insurance companies across the country.<\/p>\n

We are passionate and driven to succeed for our clients including both corporate and private ones, and ensure that we remain attentive to the requirements of our clients at all times. Our operations are guided by our core values of innovation, transparency, and customer-centricity. We offer general insurance placement services for many of our clients, wherein we procure quotes from various insurance companies and advise and help our clients in choosing and placing their general insurance portfolio. In addition to that, we also provide comprehensive risk profiling and claims management services.<\/p>\n

If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.<\/em><\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Bengaluru (Karnataka) [India] October 2: Mutual Global Insurance Broking Pvt. […]<\/p>\n","protected":false},"author":2,"featured_media":43943,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[2],"class_list":["post-43942","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-business"],"_links":{"self":[{"href":"https:\/\/businesspoint.co.in\/index.php\/wp-json\/wp\/v2\/posts\/43942","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesspoint.co.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesspoint.co.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesspoint.co.in\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/businesspoint.co.in\/index.php\/wp-json\/wp\/v2\/comments?post=43942"}],"version-history":[{"count":0,"href":"https:\/\/businesspoint.co.in\/index.php\/wp-json\/wp\/v2\/posts\/43942\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesspoint.co.in\/index.php\/wp-json\/wp\/v2\/media\/43943"}],"wp:attachment":[{"href":"https:\/\/businesspoint.co.in\/index.php\/wp-json\/wp\/v2\/media?parent=43942"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesspoint.co.in\/index.php\/wp-json\/wp\/v2\/categories?post=43942"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesspoint.co.in\/index.php\/wp-json\/wp\/v2\/tags?post=43942"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}