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 specialises 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 per cent in fiscal year 2016 to 2.02 per cent in fiscal year 2017 (Source: General Insurance Council). As of 30 September 2017, ABIBL reported revenues of over Rs.85.7 crore and premium of Rs.1,695 crore.
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 customised 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.2,813 billion and has a lending book of Rs.447 billion as of 30 September 2017.
A US $41 billion corporation, the Aditya Birla Group is in the League of Fortune 500. It is anchored by an extraordinary force of over 120,000 employees, belonging to 42 different nationalities.
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