Insurance Broking Association of India

Advancing the
Future of Insurance Broking

Promoting excellence, integrity, and innovation in insurance broking services across India. Join us in shaping the standards of the insurance industry.

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500+ Member Firms
20+ Years of Excellence
₹1.2T Premium Handled
50M+ Clients Served

Championing Insurance Brokers Across India

Founded with a vision to promote and protect the interests of insurance brokers, IBAI serves as the unified voice of the broking community in India.

Our Mission

To establish and uphold the highest standards of professional conduct, expertise, and ethical practices in insurance broking across India, while advocating for fair regulatory policies that benefit both brokers and policyholders.

Professional Standards

Setting and maintaining high industry benchmarks

Industry Growth

Facilitating sustainable growth of the broking sector

Member Support

Providing continuous education and resources

Leading With Excellence

Bringing together the brightest minds in insurance broking to drive innovation and consumer protection.

Understanding Insurance Broking

Role of an Insurance Broker

Insurance brokers serve as trusted advisors, providing expert guidance and comprehensive solutions for all insurance needs.

Comprehensive Risk Assessment and Analysis

Tailored Insurance Solutions

Claims Management and Advocacy

Market Access and Negotiation

Ongoing Policy Administration

Regulatory Compliance Support

Insurance broker consulting with client
Client Benefits

Why Choose an Insurance Broker?

Discover the numerous advantages of partnering with a professional insurance broker for your insurance needs..

Expert Market Knowledge

Access to comprehensive market intelligence and product expertise

Better Premium Rates

Leverage market relationships to negotiate competitive premiums

Claims Support

Professional assistance throughout the claims process

Risk Management

Proactive risk assessment and mitigation strategies

Time & Cost Savings

Efficient policy management and administrative support

Unbiased Advice

Independent recommendations focused on client needs

Competitive Edge

Insurance Brokers vs Other Channels

Compare the strengths of insurance brokers against bancassurance and agency distribution channels.

Category Insurance Brokers Other Channels
Market Access Access to multiple insurers and products Limited to single insurer's products
Expertise Specialized insurance knowledge and industry expertise General financial product knowledge
Client Focus Independent advice focused on client needs Product-driven approach
Claims Support Comprehensive claims advocacy and support Basic claims assistance
Risk Assessment Detailed risk analysis and management Standard risk evaluation
Industry Growth

Premium Growth Trajectory

Track the impressive growth in premiums sourced through insurance brokers over the last 5 years.

Publications

Latest Reports from IRDAI & IBAI

Access the most recent publications, regulatory guidelines, and industry research from the insurance sector.

IBAI March 2023

Annual Report on Insurance Broking Sector

Comprehensive analysis of the insurance broking sector performance, trends, and growth projections.

PDF Document Download
IRDAI January 2023

New Regulatory Framework for Insurance Brokers

Official guidelines and regulatory changes affecting operations of insurance brokers in India.

PDF Document Download
IBAI December 2022

Market Analysis: General Insurance Trends

In-depth analysis of general insurance market trends, product innovations, and consumer behavior

PDF Document Download
IRDAI November 2022

Insurance Penetration Study 2022

Research study on insurance penetration across different regions of India with demographic insights.

PDF Document Download
View All Publications
Contact Us

Get in Touch with IBAI

Have questions or need assistance? Our team is here to help. Reach out to us through any of the channels below.

Send Us a Message

Phone

+91 22 4002 5000

+91 22 4002 5001

Email

[email protected]

[email protected]

Address

IBAI House, 14th Floor, Nariman Point Mumbai 400 021, Maharashtra, India

Office Hours

Monday - Friday: 9:00 AM to 5:30 PM

Saturday & Sunday: Closed