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 2.11% in fiscal year Q3-FY18 to 2.37% in Q3-FY19 (Industry Source: General Insurance Council). ABIBL reported revenues of over Rs. 341 Cr. in Q3 FY19 and premium of Rs. 2922 Cr in nine months FY2018-19.
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) is the financial services platform 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 17,000 employees, ABCL has a nationwide reach and more than 200,000 agents / channel partners.