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Aditya Birla Insurance Brokers Limited (“ABIBL”) is a leading composite insurance broker (non-life and re-insurance) registered and regulated by the Insurance Regulatory and Development Authority of India (“IRDAI”). ABIBL is in the business of insurance broking and risk advisory services in non-life and reinsurance business. It specializes in providing insurance broking and risk management solutions for companies and individuals.
ABIBL also offers re-insurance solutions to insurance companies and has developed strong relations with Indian as well as global insurers operating in India, South Asia, Middle East and South East Asia. ABIBL is among the leading players in the retail industry and enjoys a strong presence in the corporate business industry where it provides solutions to a vast array of sectors ranging from manufacturing and metals to financial services. Its market share has grown from 1.68% in fiscal year 2016 to 2.02% in fiscal year 2017 (Source: General Insurance Council). As of June 30th 2017, ABIBL reported revenues of over Rs. 47 Crs. and premium of Rs. 916 Crs.
ABIBL aims to simplify the complex world of general insurance for its customers. It employs a team of experts to analyse a client’s business and estimate the level of risk exposure before structuring an appropriate general insurance solution. ABIBL focuses on developing cost-effective and customized insurance packages while ensuring that the process of claim settlements is swift and painless. ABIBL has access to a range of products and solutions in the general insurance market ensuring that its clients are provided with comprehensive risk management strategies.
Aditya Birla Capital Limited (ABCL), the holding company, is a Universal Financial Solutions Provider and one of the largest financial services players in India. It is committed to serving the end-to-end financial needs of its retail and corporate customers under a unified brand — Aditya Birla Capital. Delivering a wide range of money solutions for protecting, investing and financing, Aditya Birla Capital serves millions of customers across the country.
Apart from general insurance broking, ABCL has a significant presence across several business sectors including NBFC, asset management, life insurance, health insurance, housing finance, private equity, wealth management, broking, online personal finance management and pension fund management.
Aditya Birla Capital, through its subsidiaries and joint ventures, manages aggregate assets worth Rs. 2,613 billion and has a lending book of Rs. 411 billion as of June 30th, 2017.