Treaty Reinsurance

Team GramCover is well equipped to provide comprehensive reinsurance placement with good securities in Indian & International market through proportional & non-proportional reinsurance. We work with international markets directly and also through our associate brokers. With our automated (re)insurance back office tools, we provide various ongoing services like treaty documentation, handling/settlement of major and small claims for ceding companies and settlement and reconciliation of accounts at most reasonable response time

We have achieved good success by participating in Agriculture Treaties of Major PSU’s and some private insurers in short span of time. We have also participated in P&C treaties of various insurers and some retrocession programmes.

Facultative Reinsurance

With expertise in structuring and handling tailor made facultative reinsurance programs. Our experts understand the risk from likelihood and impact of diverse risks, and leverage technology & data analysis to monitor, manage, and reduce the impact of those risks

Our team is geared to provide facultative reinsurance for:

  • Construction Risks for Large Projects.
  • Marine Hull, Cargo -War & SRCC
  • Sabotage & Terrorism, Political Violence.
  • Specialized Lines – Fine Art & Specie, Cyber Liability, JB etc.
  • Inward proposals on Property/Marine/Energy etc.

Crop Insurance – Yield based & Weather based

Agriculture risk not only impacts the underwriter, but also affects the whole agri-business supply chain. Each of the participants along the supply chain, from the suppliers of inputs to the end consumer, are subject to these risks. With recently revamped operational guidelines for Pradhan Mantri Fasal Bima Yojana and other related changes including 3 years scheme, the Agriculture reinsurance scenario in the country is changing drastically. GramCover offers a cradle to grave support for underwriting, risk management and claim estimation.

Difficulties in crop underwriting mainly arise because of the nature of the risk, asymmetries of information in underwriting, the geographical dispersion of agricultural production and the complexity of the biological processes of production. To have a better understanding of the risk and make better decisions about rating of risk, GramCover is committed to provide insurers, reinsurers and risk managers with most advanced under-writing information and up-to-date modelling and analytical information.

GramCover aims to provide innovative technologies, like use of remote sensing, UAVs etc. for risk management during the entire crop life cycle by way of

  • Crop Acreage estimation
  • Pest Detection
  • Crop Health Monitoring (for biotic & abiotic stress during crop life cycle)
  • Modelling for yield and production estimate

The likelihood of large numbers of claims and even catastrophe claims arising from the same event is magnified. GramCover, as a preferred risk partner, uses latest technology to assess the estimation of losses and control insurance related frauds.