- Our Company
- Core Competence
- Operations
- Price
- Coverage
- Services
- Our Team
"Dear Krishnadas, Thank you very much for your kind intervention in getting the MRI approval done for my wife. It had be..."
Krish Srikanth - GM, GTS Group
"Dear Bharti, I take this opportunity to thank you and your team for the support extended to me during my recent interac..."
Mahendra Kumar - CFO, Logicom - MENA Region
"Dear Jaikumar, This is to put on record my appreciation of good service provided by Earnest Insurance Brokers and your..."
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Helping you deal with the unexpected.
We are
Your Insurance Broker
Earnest Insurance Brokers LLC (EIB) established in January 2004, is a leading insurance brokerage providing a broad array of insurance products and services- a "one-stop" resource for all your risk-management needs.
EIB commands a unique and secure market position. In size, we rank comfortably within UAE's top 15 insurance brokers, and maintain strategic alliances with only the most secure and well-respected insurers and underwriters. These alliances enable us to secure competitive terms for our clients.
Our Vision
EIB to evolve into a renowned provider for total quality risk management solutions.
Our Mission
To be a leading provider of quality insurance products and risk services
Core Competence
EIB specializes in all classes of General Business including Property, Liability, Accident, Projects, Engineering, Medical and Marine. Cover can also be arranged for Life & Personal Accident.
EIB has the knowledge and expertise to arrange customized insurance programmes for complex and speciality risks such as political risk, expropriation risks, rejection risks, and credit & insolvency risks.
Operations
EIB provides insurance and reinsurance broking, risk management, claims handling, consultancy, and advice on risk transfer mechanisms.
EIB transacts business with multinational insurers and reputed local insurance companies operating in the region.
EIB enjoys the confidence, recognition and trust of all major underwriters in the market.
EIB also devises, installs and maintains a risk management programme for its major clients in its quest to maintain and improve the quality of risk at all times.
Price
The premium you pay for a risk is a composite amount consisting of the following:-
Sophisticated insurance coverage with high values/limits will be more costly to purchase direct from an insurance company, than through an insurance broker. This is because, certain insurers may have insufficient capacity/expertise to underwrite the risk and will need the support of re-insurers who will quote terms and conditions of coverage.
EIB's approach to such coverage is to offer a programme quoted via insurers that have large capacity and underwriting expertise thereby making it less expensive to the insured.
We maintain high volumes of business with insurers, and therefore can negotiate the best terms on the strength of bulk buying / market influence.
For this reason,
EIB as a broker is able to gain concessions from the insurance market that may not become available by direct negotiations with insurers.
As insurance brokers, we have access to worldwide insurance markets including Lloyd’s through our associates. Working in the insurance markets everyday, EIB knows what the prevailing ranges of prices are for various lines of insurance.
EIB has access to a wide range of markets to obtain the most economical price, commensurate with coverage and the risk.
When arranging insurance, we will market your insurance programme and demonstrate that the best terms and coverage have been obtained from your insurer.
Coverage
An Insurance broker will make it their business to understand your operations, match your needs with the best insurance products available and ensure that your risks are adequately covered.
An insurance broker will check the financial security of the proposed insurer before recommending them.
An Insurance broker will assist you to understand your coverage and will explain how the various exclusions will activate in a given situation. An insurance policy is a legal document that requires professional training and expertise to read and understand.
The Insurance broker knows his markets, continually monitors them, and keeps you aware of new products, services and changes within the insurance industry.
Services
As insurance brokers, EIB assumes the responsibilities of an “Insurance Department” within your organisation.
This is the least expensive method of obtaining professional insurance advice, saving time and human resources that can be allocated to other corporate concerns.
The services provided by an insurance broker may be compared to that of a company appointed lawyer, auditor or stockbroker. If you want an on-going professional advice in relation to insurance, specialists such as EIB should be appointed to handle your portfolio and service your needs.
EIB has its own claims department that will service claims from your perspective. You will be advised of what can be included in a claim and EIB will work towards enforcement of your contractual rights under the policy.
As your insurance broker, EIB will provide claims statistics to assist you in your analysis and assessment of losses and will counsel you on loss prevention.
EIB will provide advice on loss control and risk management. Periodically, with the assistance of the insurer’s risk control/engineering staff, EIB will assist in identifying emerging hazards and recommending appropriate control strategies.
By reducing the risk factor through loss control measures, EIB assists you to
a) Reduce the cost of risk.
b) Reduce the insurance premium.
c) Work towards a profitable outcome.
As your insurance broker, EIB will keep you advised of changes in local insurance legislation.
Of all of the services we render to hundreds of customers, guidance is perhaps our most vital. Our guidance is influenced by over eight decades of collective experience, and is driven by an unwavering focus on the future.
Earnest Insurance Brokers LLC is known for its professionalism, work ethics and quality of service.
Our Team
Our Team of executives and advisers have many years of experience in the insurance sector. The EIB team is here to HELP with all insurance needs. EIB team has access to a network of insurers. They do not avoid or skirt around problems- they find solutions.
Our Executive Directors
The Executive Team comprises pre-eminent insurance professionals with a total of over 100 years’ experience in the insurance sector.
Mr. Frank O’Sullivan
Industry Veteran
An industry veteran with over 40 years of continuous service with Aviva’s Norwich Union Insurance Group. Frank retired as the Country Manager of Norwich Union Insurance (Gulf) BSC ©, having headed that company in UAE for 14 years.
Mr. Roopesh L. Punjabi
B. Com, A.I.I.I
Over 20 years of experience in the UAE as an insurance broker, underwriter and risk manager. Roopesh also worked with Norwich Union Insurance Gulf BSC © in Dubai for 7 years.
Senior Management
P.KRISHNADAS
General Manager, Business Development
A career Insurance Professional with more than 10 years of experience in Risk Management, Relationship Management & Customer Service in the general insurance industry.
