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ABOUT US

Paramount Services is a major provider of motor claims outsourcing services.

We have over 10 years of experience in providing insurance claims solutions to insurance companies, brokers and corporates.

We provide the best communication and coordination solutions for the motor survey process with hassle free and minimized escalation.

We provide swift, error-free, and efficient claims processing services to our insurance partners.

PROBLEM AT HAND-SOLUTION AND VISION

PROBLEM

The auto insurers have long been attempting to transform the existing claims processing model, which is a highly comple, manual, paper-based & labour -intensive process that is not consistently meeting expectations.

SOLUTION

Transform to a modernized, digital and self-sevice claim model.

VISION

Claims as a Service(CaaS) model which is fully digital claims management offering from FNOL, claims and customer support.

OUR FOUNDER

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Vikas Srivastava

Vikas Srivastava is a Mechanical Engineer by training with wide experience in Automobile Sector.

He founded Paramount Services in 2018 when he started back-office operations for handling motor claims for Pvt Insurance Companies.

He is a pioneer in developing AI based platform for Motor damage assessment and under his visionary leadership Paramount Services is servicing many leading General Insurance companies in AI based claims assessment. Till date, paramount services team has assessed more than 1.25 lac claims on AI platform.

Co-founder

Sanjay Saxena

Sanjay Saxena is a General Insurance veteran with 34 years of experience in various leadership positions in General Insurance industry.

He started his career as a Direct Recruit officer in National Insurance Company and post privatization of insurance industry in 2001, he made a shift and became part of a start-up team of Bajaj Allianz General Insurance.

He has handled many leadership positions in claims management, underwriting and as business head and was a member of Working Group for revisiting Surveyor Regulations formed by IRDA in 2018.

He is an alumnus of FMS, Delhi University and an Associate of Insurance Institute of India and brings with him wide experience in developing processes and service standards for business excellence.

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Director – Technical

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Arun Singh Bhaduria

Arun Singh Bhaduria is a technical expert in General Insurance having 37 years experience in various technical departments of leading General Insurance companies – both in public and private sector.

He has had exclusive exposure of Motor Claims in Motor Technical Department of New India Assurance, Bajaj Allianz and as National Head- Motor in Universal Sompo.

He is an MBA and Postgraduate in Chemistry and Fellow of Insurance Institute of India and Associate Member of Loss Prevention Association of India.

He brings with him a rich experience in handling large volume of motor claims and controlling motor loss ratios.