A Pioneer in the Insurance Broking Niche Offering Tailored Solutions

Risk management in form of insurance contracts is the key to life in such troubling times. Since the Covid19 pandemic broke loose, businesses and firms’complete shutdown paved the way for economic fallout. The mounting cases burdened the economy and there was a paradigm shift in the world. This radical shift has made insurers reinvent the policies to meet the changing needs, habits, and expectations of people across the globe.

The industry has awakened to the fact that it can no longer serve insurance products to customers via traditional methods. The foundation of the insurance industry is based on how effectively it provides products and solutions that keep customers protected from loss in an unfortunate event. The pandemic has forced the industry to go digital and rethink its products and solutions to cover maximum people in such an unsettling time. There is a demand of switch-on and switch-off insurance since today’s customer wants usage-based insurance.

Sensing the changes in customer behavior, Amaze Insurance Brokers reinvented its policies to address the demands of the hour. Offering tailored solutions with technical competencies and experience, Amaze Insurance Brokers enables its customers to reap several benefits. These benefits of coverage, savings in premium, and claims settlement are the driving force behind the firm’s exceptional reputation.

Amaze Insurance Brokers blends customer interaction and experience to effectively offer solutions.

The Persona Transforming the Industry

At the forefront of the company is Dr. K Muralidhara Reddy – Managing Director & Principal Officer of Amaze Insurance Brokers. He has over three decades of experience in the Indian insurance industry. He has been associated with insurance broking since 2003 when the first batch of licenses was granted by the Insurance Regulatory & Development Authority of India (IRDAI).

Before founding Amaze Insurance Brokers in 2016, Dr. Reddy headed the first batch of insurance brokers from 2002 to 2015. He was the Co-founder, Managing Director,& Principal Officer.

With such an extraordinary experience and a zeal to bring international reputation to the Indian insurance brokers, he established Amaze. Today, the company is well-renowned for its world-class and innovative risk management and insurance solutions.

Making a Difference

With excellence and expertise, Amaze Insurance Brokers has become one of the most preferred insurance brokers in the country. Thanks to its timely services and innovative solutions, it enjoys a good reputation.

Under the leadership of Dr. Reddy, the firm has designed its solutions that align with its vision of being an ethical, principled, and value-based organization. Therefore, Amaze Insurance Brokers cover insurance requirements of the verticals of the society as well as all types for enterprises.

Prioritizing customer satisfaction, the company ensures to offer quality services that exceed all expectations. This unique approach has made a difference in the industry and hence, Amaze manages clients ranging from individuals, SMEs to Big Corporates, Mega Projects, and large-scale Industries.

Translating Experience into Solutions to help Customers

Dr. Reddy brings unparalleled experience in the insurance industry and translates it to help customers. He operates across a spectrum of operations such as underwriting, claims, marketing, IT, client relations, and finance. He is regarded as an expert in underwriting and managing claims of all departments thanks to his exceptional skill inmaintaining cordial relations with insurers, clients, and otherorganizations.

By integrating technology and platforms to deliver results, Dr. Reddy is touted to have special skills in designing and implementing rural insurance schemes. By doing so, he has demonstrated his skills paired with good ethics, which is why Amaze Insurance Brokers is the most preferred insurance brokers.

Dr. Reddy has experience in almost all niches and therefore, he brings his expertise to design solutions thanks to stints in the following industries:

• 1) Pharma Sector including big pharma companies listed on NYSE and NASDAQ
• 2) Power Sector – Windmills, Hydel, Solar, Biomass, Gas, Thermal
• 3) IT & ITES - Software companies
• 4) Hospitality - Hotels including 5-star hotels
• 5) Hospitals including Corporate hospitals
• 6) Bio-Tech and Clinical Research organizations
• 7) Manufacturing Sector
• 8) Service Sector
• 9) Rural Sector
• 10) SMEs
• 11) GovernmentDepartments, organizations, and Government undertakings and also, subsidiaries
• 12) Other Sectors include educational institutions, FMCG, etc.
• 13) HNIs and other individuals

A Specialist with Extensive Knowledge

“I've a vast experience in managing insurance portfolios of clients ranging from SMEs to Big Corporates/Mega Projects/ Industries bringing in customer delight. I’m blessed to have a long career and pioneered several policies in the insurance field especially in the Insurance broking sector in India,” states Dr. Reddy.

He has specialized in the following areas:

• • Designing the most suitable insurance program (MSIP) for the clients duly meeting all the insurance requirements of the clients
• • Thorough analysis and evaluation of existing insurance covers and recommending the definite solutions to fill up the gaps
• • Maintaining the best and cordial relations with all insurers in life and non-life areas
• • Getting the best price and terms from the insurance market
• • Ensuring perfect renewal management for timely and effective renewals
• • Training and honing up of skills of departments improving the efficiency levels with continuous guidance and monitoring
• • Recommendations to clients on ensuring proper and adequate coverage of assets, operations, and liability areas
• • Recommending the best of its breed Employee Benefits like Group Health, GPA, GTI, etc.
• • Providing innovative claims management solutions for speedy and hassle-free claims settlement

Comprehensive Solutions

“I believe Professionalism, Technical Competencies, Experience, and Skills are a rare combination and are essential in handling insurance portfolios of clients at world-class levels. With all these skills honed over my long career in the insurance field I have been successfully getting the clients amazing benefits in terms of coverage, savings in premium, and claims settlement,” asserts Dr. Reddy.

Dr. Reddy, with his rich insurance experience and the combination of professionalism, skills, and technical competencies, has designed solutions for almost all sectors and insurance covers. He has drafted personalized solutions that address all the requirements. The solutions are:

• 1) Project Insurances - EAR/CAR/CPM/Marine Cum EAR (MCE)/Global WC, etc.
• 2) Operational Covers: IAR/Fire & Special Perils Policy /Marine/MBD/BPP/EEI/Money Insurance - Cash in Transit & safe/ Employee Crime (Fidelity Guarantee), Jewelers All Risks Insurance, etc.
• 3) Business Interruption Covers: Advance Loss of Profits (ALOP), Marine Delay in Start-Up (Marine DSU), Weather Insurance, Fire Loss of Profits (FLOP), Machinery Loss of Profits (MLOP).
• 4) Liability Insurances: CGL/ Public Liability (Act)/E&O/D&O/Professional Indemnity/Product Liability/Clinical Trials/WC or Employee Compensation etc.
• 5) Credit Insurance – Domestic & Export Credit
• 6) Employee Benefits: Group Health/Group Top Up/Group PA/Group Term/Group Gratuity/Superannuation/Leave Encashment/Overseas Travel etc.
• 7) Rural Insurance – Crop Insurance, Horticulture Crops Insurance, Cattle Insurance and Sheep Insurance duly designing end to end software platform-based scheme administration
• 8) Other Insurances, which include Motor Insurance/ Retail Health/top-up health/unnamed PA/Special Contingency covers/Export and Domestic Credit Insurance
• 9) Personal Lines of Insurances under life & Non-life.

Stellar Recognition & Awards

For its unparalleled services, Amaze Insurance Brokers has been awarded numerous accolades. Here are five outstanding awards:

• 1. Winner of India 500 Quality Leaders Award in 2020 for Quality Excellence
• 2. Winner of India 500 Start-Up Awards in 2019
• 3. INSURANCE BROKER OF THE YEAR Award -Business Leader of the Year - BFSI – ICON 2018
• 4. Telangana Best Employer Brand Award 2018
• 5. SKOCH Order of Merit Award by SKOCH GROUP - September 2016