Indian Risk Management Market Attracts Two New Entrants- AXA Assistance, iJet Foray

Internationally renowned risk management companies enter India to provide support to domestic firms across the country.

International leading players in Risk management Segment such as AXA Assistance and iJet International are apparently entering India with an objective to offer solutions to around 10 domestic firms this year in sectors such as IT.

The two global companies are eying Indian Corporate Houses who send their employees out of country and recruit expats, as target. The companies wish to associate with at least 10 such companies.

The two firms have joined hands to provide complete security and medical response solutions to the corporate firms, expatriates and in fact students going out of country for education.

iJet International has international collaborations and partnerships but they now want to lay more emphasis on the Indian market.

The companies now see opportunity in India as many domestic companies here are going international and initiating projects outside India.

Another segment that they are thinking to get into is insurance companies that sell travel insurance.

AXA Assistance is a branch of French global insurer and offers support services in 30 countries with 6,000 employees. iJet International offers risk management solutions to multinational firms so that they can operate globally without glitches.