Atom Risk Advisory, the insurance intermediary of Atom Financial Services, has successfully secured a global insurance broking licence. This strategic move paves the way for the company's significant expansion into international markets, allowing it to offer comprehensive cross-border insurance solutions.
Expanding Global Reach for Connected Clients
Operating in India since 2019, Atom Risk Advisory is now poised to serve a diverse clientele including globally connected families, businesses, and entrepreneurs. The new licence facilitates the provision of specialized products focused on wealth protection, business continuity, and critical legacy planning across various jurisdictions.
RS Prasad, CEO and Global Head of Atom Risk Advisory, highlighted the impact of this development. "With our global broking license, we can now give clients access to international markets and world-class risk solutions wherever their businesses take them," Prasad stated.
Addressing Growing Demand for International Insurance
The expansion comes at a time when Indian businesses and family offices are increasingly establishing an international presence, driving a heightened demand for robust insurance and risk-management solutions that span multiple countries. Atom Group's Founder and Group CEO, Harsha Vardhana, confirmed that this growth was a direct response to client needs for insurance solutions tailored to their increasingly global financial and business interests.
Manoj Puravankara, Group COO of Atom Financial Services, emphasized the strategic importance: "The global broking license is a natural next step in the group's growth strategy." He also noted the company's commitment to investing in people, partnerships, and infrastructure to effectively serve its new international client base.
Specialized Offerings and Future Investments
Atom Risk Advisory's international product portfolio will include sophisticated options such as Universal Life Insurance and Private Placement Life Insurance (PPLI). Additionally, the company will provide Keyman Insurance and bespoke legacy solutions designed to meet specific requirements for cross-border wealth protection, business continuity, and succession planning.
To support its global operations, Atom Risk Advisory plans to build specialist teams, deepen collaborations with international insurers and reinsurers, and enhance its technology-led risk advisory capabilities. These global initiatives will complement and strengthen the company's existing India-based business, which already offers a wide range of services including life and health insurance, family protection, corporate insurance, and estate planning.