Insurance House is Insurance and
Reinsurance Brokers, Consultants and
Risk Managers. Insurance House was
established on 1st February 2004 and
owned by two major investors: Sheikh
Mohamed Al Mohaidib – Share Holder and
Mr. Samer Raslan – Executive Manager
The importance of appointing a
Professional Insurance Outsourcer
As per the Nature and Status of the
bilateral contractual relation between
insurer and insured we should underline
the importance of dealing with an
Insurance broker as a much more
beneficiary solution for Administrating,
Managing, and Controlling the Insurance
files in order to reduce costs and most
importantly avoiding the blemish,
disequilibrium and unbalance between the
two contractual parties.
1- Conflict of Interest:
First, we should emphasize on the
concept of this Conflict existing
between Insurer and Insured. The Insurer
wishes to provide the least possible
coverage at the highest rates, whereas
the Insured aims to get the widest
possible coverage at the cheapest
possible rates. This is where we, as
Consultants, interfere to manage that
compromise between both parties, by
providing the Insured with the coverage
and rates he looks for and by supporting
both parties by the implementation of a
Risk Management Plan.
2- Lack of Equity:
The Insurance Company has experts who
write the Policy’s Wording, Conditions
and Terms in order to negotiate it with
the Insured who, in return, is often
unaware and/or characterized by lower
expertise of the technical tricks and
gaps that may be used and inserted. This
is when we interfere to offer our
Proficiency, Expertise, and Know-How to
our client and reach the Weighing Scale,
Balance, Equilibrium between Insurer and
Insured.
