Top 5 Insurance Brokers of India in 2022

  • Ethika insurance broking: Ethika insurance broking is one of the top 5 insurance brokers in India. Ethika insurance broking is a bootstrapped company that combines technology and innovation to make Employee health insurance simple, humane and proactive. Ethika insurance broking was granted a direct insurance broker license on 8th Aug 2016 and is a preferred partner for small and midsize companies.

 

Ethika insurance broking has introduced the concept of Employee happiness which is missing in the Group Health insurance policies and claims. In addition to this Ethika broking has also introduced Employee engagement programs such as Yoga, Meditation to help reduce the stress levels of employees thereby improving their productivity. Ethika insurance broking offers Group health insurance, group super top-up health insurance plans, retail health insurance plans, Liability insurance plans, Motor insurance, Fire insurance, Erection all risk insurance, Contractor’s plant, and machinery insurance, etc.

 

  • AON India Insurance Broking: Aon insurance Broking is one of the largest insurance broking companies in India in terms of the GWP underwritten on yearly basis. AON India insurance broking has over 250 across 9 locations in India. It is formerly known as Anviti insurance brokers private limited which was licensed in the year 2017.

 

Aon is a leading global professional services firm providing a broad range of risk, retirement, and health solutions. Aon empowers results for clients by using proprietary data and analytics to deliver insights that reduce volatility and improve performance. Aon provides commercial risk solutions, reinsurance solutions, retirement solutions, and health solutions. They offer a wide range of products such as Group Health insurance, Property insurance, Marine insurance, Engineering insurance, Liability insurance, etc.

 

  • Mahindra insurance broking: Mahindra insurance brokers Ltd is an 80% subsidiary company of Mahindra & Mahindra Financial services private limited. MIBL was granted a direct broker license in the year 2004 by the Insurance Regulatory and Development Authority of India to carry out life and nonlife broking business in India. In September 2011 MIBL was granted a composite broker license by the IRDA this foraying into the reinsurance business in addition to the life and non-life business. MIBL plays an integral role in the risk management portfolio of the customers.

 

MIBL is one of the few insurance broking companies in India to have been awarded the prestigious ISO 9001:2015 Certification for Quality Management Systems. MIBL is committed to providing value to its customers by understanding their insurance needs and risk profile and providing innovative, cost-effective, customized solutions to ensure total customer satisfaction.

 

  • Marsh India: Marsh is the World’s leading insurance broker and risk advisor. Marsh was founded over 150 years ago and has a presence in more than 130 countries. They provide industry-focused brokerage, consulting, and claims advocacy services, leveraging data, technology, and analytics to help reduce their clients’ total cost of risk.

 

They are one of the leading insurance brokers in India in terms of GWP as well as the product offerings such as Liability insurance, Marine insurance, Engineering insurance, Credit insurance, Cyber risk, etc.

 

  • Prudent insurance brokers: Prudent insurance brokers are one of the oldest and best insurance brokers in India which offers complete insurance and risk management solutions to their customers. They have been in the market for more than 2 decades and offer a wide range of products such as Group Health insurance, Liability insurance, Property insurance, etc.

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