Those on the search for insurance services will quickly discover that not only do countless plans exist, but so do a variety of different distribution channels in the market. There are insurance companies that you can buy from directly, agents who will sell plans on the insurers’ behalf, and brokers that search and compare coverage for you. When it comes to understanding why you might choose one option over the other, Seguro Insurance has the information you’ll need to find out which fits best with your business’ needs.

We work with individual customers and businesses with assets and other aspects of business you wish to protect. We create complex coverage plans to provide the best service for the customers.

We provide all insurance needs throughout the Maldives and negotiate on behalf of our customers in order to obtain the most relevant and cost effective insurance products in the industry.

SEGURO has a duty to ensure that your insurance services are offered and placed with secure and solvent insurers who will settle any valid claims when they arise.

We only recommend to you those insurers who are licensed to operate in Maldives and backed by “A” rated reinsures. SEGURO also regularly reviews the insurers on its panel. We take the selection of insurers process very seriously, since in case of a claim we want our customers to be compensated promptly and efficiently from the insurance companies.

Whilst price is important, the financial security of the insurer is paramount. From experience, we know that when major losses occur, our clients immediately put the financial security ahead of the price they paid. In this light, we focus on ‘value for money’ rather than the cheapest premium.

SEGURO will conduct a full review and marketing exercise is conducted every year to ensure the most appropriate underwriters are supporting your members and they are offering good value for money. However, the timing of marketing an insurance programme is a very important consideration. Too regularly and the underwriting market can become ‘fatigued’ which leaves them lacking the desire to re-quote next time, whilst too infrequent can result in the holding underwriters becoming complacent and untested.