{
  "id": 5337306,
  "title": "Alliance Insurance Brokers Settles ₹32 Crore Jewellery Claims In FY26; Employee Dishonesty Emerges Top Risk",
  "url": "https://urgent.news/2026/09/03/alliance-insurance-brokers-settles-32-crore-jewellery-claims-in-fy26",
  "topic": "world",
  "section": "World",
  "published": "2026-09-03T12:56:03.000Z",
  "source": {
    "name": "Free Press Journal",
    "slug": "free-press-journal",
    "url": "https://www.freepressjournal.in/business/alliance-insurance-brokers-settles-32-crore-jewellery-claims-in-fy26-employee-dishonesty-emerges-top-risk"
  },
  "original_language": "en",
  "account": "Alliance Insurance Brokers concluded over Rs 75 crore in insurance claims related to jewellery and precious metals in the fiscal year concluding March 2026, the report stated. A substantial portion of the claims, totaling Rs 32.26 crore, were linked to jewellery insurance, involving 162 cases. These cases encompassed a diverse range of entities, including organised jewellery chains, wholesalers, exporters, manufacturers, retailers, bullion dealers, gold-for-loan businesses, and individual customers. The company emphasized that employee dishonesty or fraud was the primary factor contributing to the majority of claims, both in terms of the number of cases and the total claim value. This finding underscores the importance for businesses to regularly review their fidelity guarantee coverage. Kush Shah, Co-Owner & Divisional Director of Alliance Insurance Brokers, highlighted the growing relevance of jewellery and specie insurance due to the escalating prices of gold, diamonds, and other precious stones, which not only necessitates protection for valuable assets but also ensures business continuity. The company plans to conduct risk assessments and claim simulation exercises at client locations within the next 12 to 18 months, referred to as Mock Claims analysis. These exercises will scrutinize policy coverage, claims documentation, and security measures, as well as reviews of clients' existing insurance and risk-management arrangements, followed by comprehensive gap analyses. Alliance Insurance Brokers, operating as an insurance service provider, risk manager, and reinsurance broker, has witnessed significant growth over the past two decades, with revenue reaching nearly Rs 200 crore and premiums collected ranging between Rs 8,000 crore and Rs 9,000 crore in the past five years, showcasing a robust annual growth rate of 20 to 25 percent.",
  "summary": "New Delhi, Sep 3: Alliance Insurance Brokers settled more than Rs 75 crore in insurance claims across jewellery and specie-related risks during the financial year ended March 2026, with employee dishonesty, theft and transit losses emerging as key areas of exposure, the company said. The broker said it settled Rs 32.26 crore in jewellery and specie insurance claims across 162 cases during…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}