Aditya Birla Insurance Brokers Limited (“ABIBL”), a subsidiary of Aditya Birla Capital Limited, is a leading composite insurance broker and regulated by the Insurance Regulatory and Development Authority of India (“IRDAI”). ABIBL is in the business of integrated insurance advisory services 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 1.77% in fiscal year Q1-FY18 to 2.67% in Q1-FY19 (Industry Source: General Insurance Council). As of 30th June 2018, ABIBL reported revenues of over Rs.117.41 Cr. and premium of Rs. 998 cr.
Aditya Birla Capital Limited (ABCL), is the holding company of all the financial services businesses of the Aditya Birla Group. With a strong presence across the life insurance, asset management, private equity, corporate lending, structured finance, project finance, general insurance broking, wealth management, equity, currency and commodity broking, online personal finance management, housing finance, pension fund management and health insurance business, ABCL is committed to serving the end-to-end financial services needs of its retail and corporate customers. Anchored by more than 16,000 employees, ABCL has a nationwide reach and more than 2,00,000 agents / channel partners.