Amit Goel,Yagnesh Dosshi (Raghnall Insurance Broking & Risk Management) – BS Best Performing Companies 2020

Optimum Insurance Solutions across the full spectrum of Corporate and Business Risks

Risk is a constant factor that influences every being on the face of the planet. It is an integral part of every situation and everyone’s life. Not a day goes by if people are not surrounded by risk, even if it is as simple as walk across the street. If life is constantly surrounded by risk, businesses and organizations around the globe are most vulnerable to risk as the market may change suddenly or some policies might be introduced or changed and the businesses start facing several risks including going out of business. Hence, it becomes most important to manage risk under any circumstance as it comes without any warning. Raghnall Insurance Broking & Risk Management Pvt. Ltd. is among such company which becomes businesses go-to partner for risk assessment and management.

Raghnall Insurance Broking & Risk Management Pvt. Ltd. (RIB) has been formed with the primary objective of providing risk-based advice to Commercial and Private Clients. The company’s aim is to provide a consistently high level of service to help the clients identify and assess risk with a view to recommending the optimum insurance solutions. Its success is leveraged on professionalism, independence and a commitment to always putting the clients’ interests first. Raghnall Insurance Broking & Risk Management is a leading firm in the niche as the company reassures clients of its commitment and expertise towards clients’ interests and the firm’s specialist team operates across all sectors and in areas such as Commercial risks, Employee Benefits, Individual Risk & Claims management.

Astounding Genesis

Incorporated in the year 2014, Raghnall Insurance Broking & Risk Management is a boutique insurance broking company with a focus on becoming a ‘Trusted Advisor’ for its clients. The company principally focusses on Mid-corporates and SME segments across various divergent industries like Infrastructure, Steel & Power, Textiles, Information Technology, Hospitality, etc., and RIB is continually developing beyond transaction led function into a value-added risk advisory role.

RIB embarked on its journey with a vision to build one of the most respectable teams of Indian insurance sector and be among the top three Indian Insurance Brokers and to be one of the prominent global thought leaders in the field of risk management so as to contribute to the financial well-being of the society at large and create lasting value for the shareholders.

The company has been growing steadily over the years through a relentless focus on personalized customer service and commitment to providing a prompt, professional, and high-quality claims service tailored to the specific needs of its clients.

Exemplary Leadership

Mr. Amit Goel – Director and Principal Officer of RIB, is a career Insurance Professional with an experience of 18 years in the insurance sector and also, a fellow member of the Insurance Institute of India. Mr. Amit has completed his Senior Management Program from XLRI, Jamshedpur and has extensive experience in handling large claims and currently handles the underwriting, Business Development, and Commercial Claims functions for Raghnall.

Mr. Yagnesh Dosshi – Director of RIB, has extensive experience in Financial Products and currently responsible for the overall management of the organization. He is a Management Graduate from the University of Mumbai and has completed his Senior Management Program from IIM, Calcutta. Mr. Yagnesh is the driving force behind RIB’s unparalleled success.

“RIB understands the personalized nature of insurance buying experience. We consider the ‘Human Nature’ like Trust, technical understanding and the need for comfort and help that the client desires in the insurance purchase process. This empathetic approach coupled with our experience is our biggest strength,” asserts the Directors.

Risk Management Solutions

RIB has developed a unique technology-led service portal for its Employee Benefits customers. is a comprehensive and powerful online portal that supports benefits enrollment, employee communication, claims management, workflow automation, health, and wellness promotion. This has completely changed the user experience and put the client in charge thus enabling a robust and seamless flow of information.

The company has planned to take the technology initiative to further streamline administrative processes and enable fluid flow on information from the client to the insurer and vice-versa. RIB is also working on evolving its role by providing ‘in-house’ risk management for giant clients.

Future Prospect

RIB is currently expanding across 5 major insurance markets in India as it has been growing at a CAGR of 40 percent over the last 5 years and it intends to reach a market share of 1 percent in the markets and lines of business that the company operates in the next 3 years. The company is also aiming to score at least 90 percent in an independent employee satisfaction survey report every year 600000 life’s. The company also intends to cover more than a million lives under employee benefits in the next 3 years from about 300,000 lives currently.

RIB is heavily investing in the development of technology to enable various and flexible business models.

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