UIB Insurance Brokers

What UIB Insurance Brokers does

UIB Insurance Brokers (India) Private Limited is an IRDAI-licensed composite insurance broker (License No. 410) that places both direct insurance and reinsurance for corporate clients across India, with the option to access global markets through its historical affiliation with the UIB Group (UK). Founded in 2009 in Mumbai and grown to 200+ employees across eight branch offices (Mumbai, Delhi, Ahmedabad, Bengaluru, Chennai, Kolkata, Pune, Gurgaon), the company serves an enterprise and mid-market client base spanning roughly 14–18 verticals including IT/ITES, BFSI, infrastructure, energy, marine, aviation, pharmaceuticals, manufacturing, healthcare, and media. Named customers include F5 Networks, Barclays India, Fortis Group, Haier India, GEP Group, and TataSky.

The company delivers multi-line broking services (marine, aviation, energy and power, property, engineering, liability, political violence, group insurance, reinsurance) and supplements placement with in-house claims management, risk engineering and inspection services, and a health and wellness program operating across 300+ corporates with 1,500+ wellness sessions and 50,000+ employee participations cited. Its technology stack includes the UIB Care employee benefits portal for corporate HR, the UIB Insure retail platform (marketed as AI-driven), and a Policy and Claims Management Portal with renewal reminders, claims intimation, and document workflows.

Revenue is generated through brokerage commissions on insurance and reinsurance placements, with quote-based, annually-billed contracts negotiated per client. The company is currently in the process of merging with EDME Insurance Brokers (formerly Aditya Birla Insurance Brokers), which acquired UIB India in August 2025 and is now the second-largest insurance broker in India after Marsh on a combined business of approximately ₹850 crore.

Name

UIB Insurance Brokers

Legal name

UIB Insurance Brokers (India) Private Limited

Website

https://uibindia.com

Company type

Private

Founded year

2009

Operating status

Operating

Headcount range

101–250 employees

Short description

UIB Insurance Brokers (India) is an IRDAI-licensed composite insurance and reinsurance broker placing multi-line coverage for 300+ enterprise and mid-market clients across India from eight branch offices, supported by digital portals and an in-house claims and wellness team; now merging into EDME Insurance Brokers following its August 2025 acquisition.

Ownership category

akta.pro rank

Product category

Insurance Brokerage

NAICS

Insurance Agencies and Brokerages (52421)

SIC

Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Retail (Personal Lines) Insurance Brokerage (FSAEADAA)

Keywords

• Insurance brokerage services
• Reinsurance solutions
• Risk management
• Employee benefits administration
• Claims management

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Offices8 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Insurance Brokerage Commissions: UIB Insurance Brokers generates revenue through commissions earned from placing insurance and reinsurance policies for clients. As a licensed composite insurance broker, the company earns brokerage fees from insurance companies for business placed on their behalf.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels5 records

Core offering

UIB Insurance Brokers (India) Private Limited is an IRDAI-licensed composite insurance broker (License No. 410) that places insurance and reinsurance for corporate clients in India and globally. The company delivers specialized insurance broking across marine, aviation, energy, property, engineering, liability, political violence, and group insurance lines, supported by risk management, claims management, employee benefits administration, and health and wellness programs. Services are delivered through branch offices and digital portals (UIB Care, UIB Insure, Policy & Claims Management Portal).

Product overview

UIB Insurance Brokers (India) Private Limited operates as a composite insurance broker licensed by IRDAI, providing insurance and reinsurance broking services to consumer and wholesale markets. The company offers a portfolio of specialized insurance services across multiple lines including marine, aviation, energy, property, engineering, liability, reinsurance, group insurance, affinity solutions, political violence, and health & wellness. These services are supported by digital platforms including the UIB Care Employee Benefits Portal for corporate HR management, UIB Insure Retail Portal for employee self-service, and a Policy & Claims Management Portal. The company operates as an affiliate of UIB Group (UK), ranked among the top 10 largest reinsurance brokers globally.

Differentiator

Problem solved

Functional benefit

Brands

• UIB Care: Employee Benefits Portal for corporate employees to access their group insurance benefits
• UIB Insure
• UIB Care Portal

Products and services

• Marine Insurance

Quantifiable outcome

• Serving 300+ corporates pan India with health and wellness programs
• +2 more outcomes

Named customers6 records

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Four partnerships are on record, tiered core.

• EDME Insurance BrokerscoreOthers · 1 August 2025EDME Insurance Brokers (formerly Aditya Birla Insurance Brokers Ltd) acquired UIB Insurance Brokers (India) Pvt Ltd in August 2025. This acquisition increased EDME's business to approximately ₹850 crore and made it the second-largest insurance broker in India after Marsh. UIB India is in the process of merging with EDME Insurance Brokers Ltd.
• UIB Group (UK)coreStrategic or Co-development PartnerUIB Insurance Brokers (India) is the group's affiliate operating in India, part of the larger UIB Group headquartered in London. UIB Group is one of the largest privately-owned independent international insurance and reinsurance brokers. UIB India has full access to the skills and capabilities within the UIB Group globally.
• Indo Rama SPL GroupcoreStrategic or Co-development PartnerJoint venture partner in UIB India alongside UIB Group (UK) and Lucas & Mayo.
• Lucas & MayocoreStrategic or Co-development PartnerJoint venture partner in UIB India alongside UIB Group (UK) and Indo Rama SPL Group.

Scale indicators6 records

Recent moves12 records

Expansion highlights6 records

Direct peers

• Marsh India Insurance Brokers: Marsh is the leading global insurance broker and the #1 insurance broker in India. Like UIB, it provides enterprise insurance and reinsurance placement across commercial lines, serving large corporate clients through a multi-branch India footprint.
• Aon India Insurance Brokers: Aon is one of the top global insurance brokers with substantial India operations offering composite broking, reinsurance, and risk advisory services to enterprise clients — directly comparable to UIB's product mix.
• Willis Towers Watson (WTW) India: WTW operates a composite insurance broking and risk advisory business in India serving large corporates across multiple lines — a directly comparable peer in scale, product breadth, and enterprise client base.
• Howden Insurance Brokers India: Howden is a privately-owned global insurance broker with growing India operations. As an independent broker with strong specialty and reinsurance capabilities, it is structurally similar to UIB's positioning.
• Lockton India: Lockton is the world's largest privately-held insurance broker with India operations focused on enterprise and specialty risks, mirroring UIB's independent, specialty-led go-to-market approach.
• Anand Rathi Insurance Brokers: Anand Rathi Insurance Brokers is an Indian composite broker offering corporate insurance placement, reinsurance, and risk advisory across multiple lines — closely comparable in product mix and client base to UIB India.
• J.B. Boda Group: J.B. Boda is one of India's oldest insurance and reinsurance brokers with strong specialty lines (marine, aviation, energy) and global carrier relationships — directly comparable to UIB's reinsurance and specialty capabilities.
• Katalyst Insurance Brokers: Katalyst is a mid-sized Indian composite insurance broker serving corporate clients across multiple specialty lines, similar in scale and product breadth to UIB India prior to its acquisition.

Others

• EDME Insurance Brokers (formerly Aditya Birla Insurance Brokers): EDME acquired UIB Insurance Brokers in August 2025 and is currently merging it into a single platform now positioned as India's second-largest insurance broker behind Marsh. As the acquirer/merging entity, it is the directly relevant counterparty in UIB's current strategic transition.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/UIBINDIA
• LinkedInlinkedin.com/company/uib-insurance-brokers-india-private-limited
• Instagraminstagram.com/uib_india

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about UIB Insurance Brokers