ParamountServices

Paramount Services specializes in motor claims outsourcing, offering over a decade of expertise in insurance claims solutions for insurance companies, brokers, and corporates. The company focuses on providing efficient communication and coordination solutions for the motor survey process, ensuring hassle-free and minimized escalation. Paramount Services processes motor claims up to Rs 50,000, adhering to current IRDA regulations, and delivers comprehensive assessment reports to insurance companies. The business model revolves around outsourcing claims processing services, allowing insurance partners to reduce operational costs significantly. Paramount Services maintains regular and surprise visits to repair workshops to prevent fraud and provides continuous updates on claims status to both customers and insurance companies. The company also coordinates delivery orders with insured parties post-claims approval, ensuring a streamlined process. Co-founder Sanjay Saxena, a veteran in the General Insurance industry with 34 years of experience, brings extensive leadership expertise to the company, having held various positions in claims management and underwriting. Keywords: motor claims, outsourcing, insurance, coordination, cost-saving, IRDA, assessment, fraud prevention, claims processing, communication.