Why the need for Specialized Industry Focused Webinar on “Debtors and Industry Protection through Insurance-Need of MSME Sector?”

In the last 20 years, the profile of the Indian economy has changed. Today the Indian economy is one of the fastest growing in the world and the growth & success of MSME is critical for maintaining India’s growth story.

The Micro, Small, and Medium Enterprises (MSME) are key contributors to the Indian economy both in terms of employment and industrial output. Many MSMEs tend to be entrepreneurial ventures where the promoter has either invested his/ her savings or borrowed money to start a new venture.

Risk is inherent in our lives, but MSMEs are especially vulnerable to risks that threaten the dream venture that they have worked so hard to build. Naturally, with the stakes being so high, insurance is a prudent way to limit liabilities in the event of damage to assets, property, and business. For MSMEs, it could be the key to survival. It is important for them to understand the importance of Risk Assessment, need for covering the risks, buys Insurance to protect its assets, liability, which may arise due to various reasons /calamities.

Access to insurance can play a significant role in mitigating risks faced by micro, small, medium enterprises (MSMEs) by smoothening consumption, building assets, absorbing shocks, and managing risks associated with irregular and unpredictable income. Yet, standard insurance services are out of reach of the millions of disadvantaged. Proper risk management reduces the likelihood that risks will materialize and, if it does, insurance reduces or eliminates the financial impact. Insurance can make MSMEs resilient to shocks, making them more financially sound. However, MSME Insurance in India is a highly underpenetrated market, especially in the non-mandatory segments.

Against this Backdrop, the Insurance Foundation of India and PHD Chamber of Commerce & industry are organizing “Webinar on Debtors and Industry Protection through Insurance – Need of MSME Sector on 27 August 2020.

Topics to be covered:

During this Webinar high level of clarity will be achieved by discussing the following:
• Insurance Needs of MSME
• Debt Protection through Credit Insurance
• Industry Protection through Fire, Burglary, Money in transit and safe, Fidelity Guarantee and Public Liability Insurance covers
• Lodging of Claims and Settlement of Claims
• Case Studies on how Insurance helped MSME
• Questions & Answers

Who should attend the Webinar?

This is a good opportunity for:
• Business development/ underwriting /claims team of insurance companies
• Industrialists
• Businessmen
• Chartered Accountants/ Accountants
• Insurance Managers/ Officers/ of Corporates or MSME’s
• Agents/ Corporate Agents/ Insurance Brokerage Firms

Delegate Fee:

No fee but pre-registration is requested

Certificate:

Certificates will be issued to the participants on completion of this Webinar-cum-Training.