Insurance House Strategy:
Insurance House Tasks and
Responsibilities:
Our Company will help reduce your costs
by:
1- Getting a discount from the Insurance
Company’s administrative costs since the
file is no longer managed by this
Insurance Company.
2- Getting a discount from the Insurance
Company’s profit; in return we offer the
Insurance Company the chance to quote
for an existing client and therefore to
have a portion of our own portfolio.
Our company will act as a Third Party
Administrator and support in:
1- Administrating the policies;
Subrogate the client’s position as
insured and negotiate on his behalf in
order to secure the Equity Role
3- Managing the policies; Maintain the
well correspondences between the two
parties and avoid any type of Conflict
4- Controlling the policies; secure the
Reimbursement and/or Indemnity Fund in a
Time Speed, further securing the cover.
Insurance House Added Value Role
Insurance House is not only Brokers; we
are Specialized Consultants and Risk
Managers as well, with experience in the
Local, GCC and Arab Markets.
Briefly, Brokerage is our easiest and
simplest task.
What we consider as a much harder task
is to offer financial and technical
benefits to our clientele.
Financially; Insurance House structures
its clientele under one pool as
insurable portfolio, representing an
entity of over SR. 600 Million,
providing a shared and wide Bargaining
Power to each Corporate, Establishment,
and Enterprise united under the same
beneficiary pool.
Separated, each account will be treated
as one entity of its paid Gross Premium;
therefore the Bargaining Power will be
stressed and/or extended as per the
collected yearly premium, which is, in
parallel similarity to the portfolio
pool, a part of the Pool volume.
Insurance Companies are always keen to
benefit from placing the major part of
the pool under its policies.
In this respect, Insurance Companies are
always ardent to provide Insurance House
with its high rated services.
Technically; Insurance House, is not
just brokers who interfere between
Insurer and Insured to try and sell
Insurance.
Our technical staffs of reliable
employees, who hold degrees in Insurance
Sciences and Financial Administration,
are dedicated to endow major benefits
from its vast experience to our pool
clientele, hence, aiming to provide
Insurance Services, not selling
Insurance Policies.
Joining our esteemed pool of clientele
will therefore grant you the same
Bargaining Power as Higher and/or Lower
rated Corporate, briefly cooperating the
strength.
