Insurance Placement Exercise | APIS NANDI Insurance Brokers

Insurance Placement Exercise

What is an Insurance Placement Exercise?

An insurance placement exercise is the process where we as mandated insurance intermediary identifiy, evaluate, and secure the best possible insurance policies for our clients. This involves understanding the client’s risk profile, comparing various insurance products, and negotiating terms with insurers to obtain the most suitable and cost-effective coverage.

For businesses and individuals, this exercise ensures that they are not underinsured or overinsured and that they have the right protection against various types of risks—be it property damage, liability claims, health risks, or other unforeseen events.

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Why APIS?

Why APIS NANDI for Insurance Placement

Expert Access

We have deep expertise and access to a wide range of insurers and policies, enabling us to identify the best options tailored to each client’s specific needs.

Tailored Coverage

We customize placements to match the client’s unique needs, whether it's for a business with complex risks or an individual requiring special protection.

Better Pricing

We negotiate the best possible premiums and terms using our insurer relationships, helping clients save while ensuring robust coverage.

Claims Support

As your broker, we assist during claims by ensuring smooth communication with insurers and helping you get the compensation you deserve.

Risk Advisory

We provide ongoing risk management advice—helping reduce future risks, enhance safety, and potentially lower your insurance costs.

Our Process

Step-by-Step Insurance Placement Process

Step 1

Risk Assessment

The process begins with an in-depth assessment of the client’s risks, exposure, and specific needs. We analyze the client’s business operations, assets, liabilities, and other relevant factors to fully understand the coverage required.

Step 2

Market Research

After understanding the client's needs, we conduct extensive research across various insurance providers. We evaluate the different policies available in the market, comparing the coverage, pricing, terms, exclusions, and other essential factors to ensure that the chosen policy aligns with the client’s requirements.

Step 3

Proposal Preparation

Based on the information gathered during the risk assessment and market research, we prepare a detailed proposal for the client. This proposal outlines the recommended coverage options, policy terms, and premiums, along with an explanation of how each policy meets the client’s specific needs.

Step 4

Policy Negotiation

Once the client reviews the proposal, we enter into negotiations with insurance providers to secure the best terms for the client. This may involve negotiating premiums, adjusting coverage limits, addressing exclusions, and working to get the most competitive rates available.

Step 5

Policy Finalization

After successful negotiations, we finalize the placement by securing the chosen insurance policy. This involves ensuring that the policy is issued and all required documentation is in place, including terms and conditions that reflect the negotiated coverage.

Step 6

Ongoing Management

Once the insurance is placed, we continue to manage the policy throughout its term. This includes ensuring timely renewals, making adjustments for any changes in the client’s business or personal situation, and conducting periodic reviews to ensure the coverage remains adequate as circumstances evolve.

Benefits

Benefits of Insurance Placement via APIS NANDI

Comprehensive Coverage

We ensure all aspects of your business or personal risk are covered with the right policies, leaving no gaps in protection.

Time-Saving

We handle the entire placement process—from gathering quotes to finalizing policies—saving you valuable time and effort.

Objective Advice

As independent intermediaries, we provide unbiased advice focused solely on finding the best policy for your needs.

Ongoing Support

We work with you after placement, assisting with renewals, adjustments, and claims to ensure continuous protection.

FAQ

Frequently Asked Questions

An insurance placement exercise is a structured process where we assess your risk profile, research the market, prepare proposals, negotiate terms and place the most suitable policies on your behalf.

As independent brokers we provide market-wide access, expert negotiation, tailored coverage and objective advice — helping you get better terms and avoid gaps or overlaps in cover.

We perform a risk assessment, conduct market research, prepare a detailed proposal, negotiate with insurers, finalize policy placement and provide ongoing policy management and review.

Timeline varies by complexity — simple placements can take days, while complex or bespoke programs may take several weeks. We'll provide an estimated timeline after the initial assessment.

Fee arrangements vary — we may be commission-based, fee-based, or a combination depending on the assignment. We disclose the fee structure up front in the engagement proposal.

Yes. Beyond placement we offer claims assistance and act as your intermediary with insurers to help ensure efficient and fair claim handling.

We recommend at least an annual review or sooner if your business circumstances change (e.g., new assets, locations, employees or regulatory changes) to ensure coverage stays appropriate.

Ensuring Optimal Insurance Coverage for Your Business

What is an Insurance Placement Exercise?