Pointers Insurance Brokers: Navigating Risks in India's Booming Insurance Landscape

The insurance industry in India has become one of the fastest developing sectors. However, companies are being pinned down due to unprecedented pressures in the face of economic boom and technological upheaval. With the country catapulting to a GDP of $7.3 trillion by 2030, industries such as manufacturing and infrastructure will grow, spawning new threats, such as cybercrime, ransomware, or the swamp of liability claims due to an increase in awareness.

However, insurance penetration remains low at 3.7 percent of GDP, which is half the world average, leaving clients unprepared to manage any new risks.

This is where Pointers Insurance Brokers, under the direction of Jitendra K Joshi and Dr Ashish Kumar Sharma, has created a niche for itself in aiding clients overcome the aforementioned challenges. The firm is known in the market for providing professional consultancy backed up by more than 20 years of experience in the industry.

The firm has extensive risk evaluation, surveys, and tailored solutions to offer 360-degree protection. Through easing the policy terms, client education, and providing smooth claim service, the firm creates absolute trust and enables the businesses to take risks efficiently, leading to the expansion in the market that is expected to grow at a 12-15 percent CAGR.

Comprehensive Insurance Solutions

As a direct broker based in Rajasthan, and licensed in both general and life insurance, Pointers Insurance Brokers provides a client-specific risk management solution to a wide variety of client needs. Their services are based on offering professional advice to protect companies and individuals against unexpected risks and achieve financial protection with tailored insurance products.

Furthermore, the firm uses comprehensive knowledge of the industry to develop solutions that fit within the unique business area and processes of the clients.

Their services are on the basis of complete risk management, in which extensive risk evaluation and physical checks are done to establish the possible point of vulnerability. The outcome of these assessments is comprehensive reports that can be used to make process enhancements or remedies to reduce risks.

Moreover, the firm is also adept at demystifying complicated insurance terms, making sure that clients are well conversant with policy coverages, exclusions, and conditions, which makes the claims process easier.

The firm also offers end-to-end services, including learning the needs of the clients and providing a smooth claim service. Their specialized team works closely with the insurance companies to tailor products that meet the needs of individual clients, either in corporate or in retail markets.

In addition to the delivery of the products, they provide value-added services such as risk mitigation initiatives and continuous support to keep the clients safeguarded against the emerging risks, such as cybersecurity threats or other liabilities.

Our role goes beyond selling insurance; we are committed to educating our clients about their coverage and empowering them to make informed decisions

Dr Ashish Kumar Sharma, Directors & Principal Officer

Director Jitendra K emphasizes, “Our role goes beyond selling insurance; we are committed to educating our clients about their coverage and empowering them to make informed decisions.

By combining our expertise with a client-centric approach, we ensure 360-degree protection for their businesses and assets. This commitment to trust and transparency sets us apart in the insurance consultancy space”.

With their hybrid model, the firm combines both physical and digital aspects, making it accessible and efficient in terms of serving people.

This combination of educating clients, providing tailored solutions, and proactive risk management makes them a reliable partner in the developing insurance market in India. They serve both corporate and retail customers with unmatched expertise.

A Swift Ascent in Risk Management

Pointers Insurance Brokers has rapidly established itself as a prospective insurance broker in India. This financial year, the firm intends to cement its presence in Rajasthan through aggressive client acquisition and hiring of Point of Sale Persons (POSPs) to increase client outreach to retail.

In the future, the firm plans to roll out in 17-18 states next year and will send specific teams to learn and enter local markets. This is a step-by-step strategy that will capture the market heavily and will establish a strong network of business partners.

The firm is also focusing on the creation of a robust IT platform to facilitate insurance provision to retail and corporate customers. Such a digital ecosystem will enable users to understand, compare, and choose customized insurance products, which is in line with the mission of the firm to increase the level of insurance literacy in India.

The vision of the firm is to become the best insurance broker, making complex policies easier to understand and offering unmatched advisory services. Through long-term trust, the firm is expected to become the lifetime partners of clients by providing holistic financial safety nets against changing risks such as cyber threats and liabilities.

As the insurance industry in India is expected to grow at a 12-15 percent CAGR due to economic growth and increasing disposable income, the firm will focus on robustly positioning itself to tap such prospects, with a deeper penetration and innovation to become the nationwide leader.