Niugini Islands Insurance Brokers

What Niugini Islands Insurance Brokers does

Niugini Islands Insurance Brokers is a Papua New Guinea-licensed insurance brokerage incorporated in April 2011 and operating from Port Moresby. It holds a Broker trading licence granted under the Insurance Act 1995 and is wholly owned by GETX Limited, a local holding company. The firm distributes insurance products sourced from local and overseas insurer networks, including composite and tailored policies for corporate clients and SMEs. Its core product lines span aviation, marine, property, construction, motor vehicle, and accident & health insurance, with vertical specialization in mining/mineral resources, marine, construction, aviation, and agriculture. Sales are conducted directly via phone, website inquiries, and face-to-face meetings, with no disclosed technology platform, app, or API integration. The company's go-to-market relies on the founder's 20 years of industry experience and relationship-driven client engagement rather than on digital distribution channels. Forward intent includes expanding offices to Lae and Bougainville, but no executed second-site, funding events, M&A, or recent leadership changes are documented in the available data.

Name

Niugini Islands Insurance Brokers

Legal name

Niugini Islands Insurance Brokers

Website

https://ngiibrokers.com

Company type

Private

Founded year

2011

Operating status

Operating

Headcount range

11–50 employees

Short description

Niugini Islands Insurance Brokers is a Papua New Guinea-licensed insurance brokerage in Port Moresby, wholly owned by GETX Limited, distributing aviation, marine, property, construction, motor vehicle, and accident & health policies to corporate clients and SMEs.

Ownership category

akta.pro rank

Product category

Insurance Brokerage Services

NAICS

Insurance Agencies and Brokerages (52421), Agencies, Brokerages, and Other Insurance Related Activities (5242)

SIC

Insurance Agents, Brokers & Service (6411), Fire, Marine & Casualty Insurance (6331)

akta.pro primary industry

Specialty Insurance Brokerage (Marine, Aviation, Cyber, Professional Lines) (FSAEADAJ)

akta.pro secondary industries

Inland Marine Insurance (Transit, Equipment & Installation) (FSAJAHAB), Protection & Indemnity (P&I) / Marine Liability Insurance (FSAJAHAH), Inland Marine / Personal Articles & Valuable Items Insurance (FSAJACAJ), Marine & Aviation Insurance (FSAJAMAI)

Keywords

• Insurance brokerage
• Commercial insurance
• Marine insurance
• Aviation insurance
• Corporate insurance

Headquarters

HQ city

Waigani

HQ country

Papua New Guinea

HQ region

Oceania

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales

Revenue model

1. Insurance Broking Services: The company operates as an insurance broker earning commissions from placing insurance policies with insurers in their network. Revenue is generated through broking fees and commissions on insurance policies arranged for corporate clients and SMEs across various sectors including aviation, marine, property, construction, motor vehicle, and accident & health insurance.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels2 records

Core offering

Niugini Islands Insurance Brokers is a licensed insurance broker that places tailored and composite insurance policies on behalf of corporate clients and SMEs across Papua New Guinea. It distributes Aviation, Marine, Property, Construction, Motor Vehicle, and Accident & Health insurance through its network of local and overseas insurers, while also providing risk advisory and consulting services. The business operates from its Port Moresby headquarters and holds a Broker trading licence under the Insurance Act 1995.

Product overview

Niugini Islands Insurance Brokers is a traditional insurance brokerage firm operating as a single-channel insurance intermediary, not a technology platform. The company offers a portfolio of six core insurance products: Aviation Insurance, Marine Insurance, Property Insurance, Construction Insurance, Motor Vehicle Insurance, and Accident & Health Insurance. These products are distributed through the company's insurer network and tailored into composite policies to meet client requirements. The company primarily serves corporate clients (including National Mineral Resources, Agriculture, Marine, Construction, and Aviation sectors) and Small & Medium Enterprises (SMEs). The company also provides risk advisory and consulting services as part of its insurance broking operations.

Differentiator

Problem solved

Functional benefit

Products and services

• Aviation Insurance Insurance coverage for helicopters, aeroplanes, and aviation-related risks. Quotes are sourced through the company's insurer network both locally and overseas, and policies are offered to corporate and SME clients requiring aviation risk protection.
• Marine Insurance Marine insurance covering cargo ocean transit, land transit, airfreight transits, and vessel and boat insurance. The broker tailors and packages marine policies into composite coverage solutions for clients requiring transit and vessel risk protection.
• Property Insurance Commercial and domestic property insurance providing cover from construction through completion and thereafter against loss or damage from defined insured perils. Quotes are tailored to the size and risk profile of the property.
• Construction Insurance Insurance coverage addressing construction-related risks, providing cover from the construction phase through completion against loss or damage from defined insured perils. Aimed at construction companies and property owners undertaking building projects.
• Motor Vehicle Insurance Insurance coverage for motor vehicles, placed through the company's insurer network for corporate and SME clients as part of its comprehensive insurance product portfolio.
• Accident & Health Insurance Accident and health insurance schemes tailored to client requirements, providing competitive quotes sourced through the company's insurer network for individuals and corporate clients.

Segments6 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators2 records

Recent moves5 records

Expansion highlights3 records

Others

• QBE Insurance Group: Asia-Pacific general insurer that supplies capacity into the local market; Niugini Islands' 'local and overseas insurer network' likely includes carriers such as QBE, making it both a supplier and a competitor for direct placements.
• Crawford & Company: Global claims management and risk management services firm operating across the Pacific; an adjacent ecosystem participant that brokers like Niugini Islands interact with during claims handling on shared clients.

Broad incumbents

• Marsh Ltd: Global insurance broker with presence in PNG serving large mining, aviation, and infrastructure clients; competes for the same high-value resource-sector accounts but with vastly broader carrier access.
• Arthur J. Gallagher (AJG): Large global insurance brokerage serving commercial clients in the Asia-Pacific region; competes for the same mid-to-large corporate placements in property, casualty, and specialty lines.
• Aon PNG: Global broker operating across PNG; competes for corporate placements in mining, marine, and construction through deeper international carrier panels and global advisory capabilities.
• Howden (formerly JLT): International insurance broker group active in the Pacific region with specialty expertise in marine, aviation, and energy — directly overlaps with Niugini Islands' specialty verticals.

Direct peers

• All Insurance Brokers Ltd: PNG-based insurance broker providing multi-line coverage including marine, motor, property, and accident & health to corporate and SME clients — overlapping service mix and customer segments with Niugini Islands.
• Pacific International Insurance: Pacific-region insurer/broker with operations relevant to PNG corporate and SME clients; overlaps on marine, motor, and property lines sold to similar regional customer segments.
• Pacific Insurance Group: Long-established PNG insurance group offering broking and underwriting across commercial lines, directly competing for the same corporate and SME clients in Port Moresby.

Regional players

• Stewart Brown Insurance Brokers: Australian-based broker with Pacific focus serving mining, construction, and aviation clients; competes indirectly for PNG-headquartered corporate accounts from a regional hub.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/ngiibrokers
• LinkedInlinkedin.com/company/niugini-islands-insurance-brokers

Revenue estimate

Valuation estimate

Number of profiles

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 Niugini Islands Insurance Brokers