Excellent Insurance Broking Services Ltd

Name

Excellent Insurance Broking Services Ltd

Legal name

Excellent Insurance Broking Services Limited

Website

https://eibroking.com

Company type

Private

Founded year

1999

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Insurance Brokerage

NAICS

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

SIC

Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Facultative Reinsurance Brokerage (FSAOAHAB)

akta.pro secondary industry

Reinsurance Claims, Accounting & Contract Administration (Broker Services) (FSAOAHAI)

Keywords

• Insurance broking services
• Reinsurance broking
• Corporate insurance advisory
• Claims management services
• Risk inspection advisory

Headquarters

HQ city

Hyderabad

HQ country

India

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Insurance Brokerage Commission: Services are free to the client as remuneration is paid by insurers. Client has to issue Mandate to Insurance Broker as per IRDAI regulations. The company earns commission from insurance companies for placing business.
2. Reinsurance Broking Services: Facultative and treaty reinsurance arrangements for insurers, introducing inward reinsurance business to GIC Re and Indian Insurers from Asia, Africa and Middle-East

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

EIBSL is an IRDAI-licensed Composite Insurance Broker that places direct insurance (life, general, and health) and reinsurance (facultative and treaty) on behalf of clients, while also providing portfolio, underwriting, and claims management services across 17 industry verticals. Its specialized cattle insurance programme serves nearly 600,000 farmers in Telangana and Andhra Pradesh. Brokerage services are free to clients; remuneration is paid by insurers in the form of commissions.

Product overview

Excellent Insurance Broking Services Ltd (EIBSL) operates as an IRDAI-licensed Composite Insurance Broker offering a comprehensive portfolio of insurance products and services. The company provides direct insurance broking across life and general insurance segments, reinsurance broking services (both facultative and treaty), and specialized cattle insurance serving rural farmers in Telangana and Andhra Pradesh. Core offerings include Individual Life Insurance (term, endowment, money-back, pension, child plans, ULIPs), Motor Insurance, Accident & Sickness Insurance, Travel Insurance, Home Insurance, and e-Insurance Account services through authorized Insurance Repositories. EIBSL also delivers industry-specific insurance solutions for Aviation, Banking & Finance, Pharmaceuticals, Mining, Healthcare, Hotels & Travel, Private Equity, Marine & Ports, Media & Entertainment, Power & Utilities, Telecom, Technology, Oil & Energy, Education, Transport & Logistics, Retail, and Shops & Stores sectors. Supporting services include Portfolio Management, Underwriting Management, and Claims Management.

Differentiator

Problem solved

Functional benefit

Products and services

• Individual Life Insurance Broking Placement of life insurance products for individuals including term insurance, endowment, money-back, whole life, pension, child plans, ULIPs, and health plans, sourced from all Indian life insurers.
• Motor Insurance Broking Placement of vehicle insurance covering accidental damage, third-party liability, and comprehensive coverage for cars and other vehicles.
• Accident & Sickness Insurance Broking Personal accident and health sickness coverage for individuals, including cumulative bonuses and add-on covers for medical expenses and hospitalization.
• Travel Insurance Broking Travel insurance covering accidental death, medical expenses, baggage loss, trip cancellation, emergency evacuation, and other travel-related risks.
• Home / Householders Insurance Broking Comprehensive home insurance covering fire, allied perils, burglary, electronic equipment, personal accident, and liability for homeowners.
• e-Insurance Account (eIA) Service Assistance in opening e-Insurance Accounts and issuing e-insurance policies through IRDAI-authorized Insurance Repositories (NSDL NIR, CDSL, Karvy, CAMS) at no extra cost to the client.
• Portfolio Management Service Detailed analysis of existing policies, additional requirements assessment, insurance program design, and risk inspection arrangement for clients.
• Underwriting Management Service Preparation of detailed quote requests, quotation analysis, insurer negotiations on coverage and premium, and policy scrutiny services.
• Claims Management Service Claim intimation, surveyor appointment within 24 hours, document arrangement guidance, claim follow-up, and settlement facilitation.
• Facultative Reinsurance Broking Arrangement of reinsurance support for specific individual risks including mega risks, terrorism, political violence, technology risks, and liability risks, connecting cedants with GIC Re and international reinsurers.
• Treaty Reinsurance Broking Proportional and non-proportional treaty reinsurance arrangements providing advisory services to define client reinsurance needs and capital planning.
• Cattle Insurance Management System Technology-enabled cattle insurance scheme under Government of Telangana and Andhra Pradesh partnerships, deploying technology to deliver services to rural areas.
• Aviation Insurance Broking Aircraft insurance covering flight and ground risks, hull coverage, hull war risks, and aviation personal accident for crew members.
• Banking & Finance Insurance Broking Bankers Blanket and Bankers Indemnity policies covering damage to offices, content, money in transit, forgery, dishonesty, and hypothecated goods.
• Pharmaceuticals Insurance Broking Fire loss of profits, consequential loss of profits, and business interruption insurance for the pharmaceutical industry.
• Mining Insurance Broking Contractor All Risk, Erection All Risk, Advanced Loss of Profits, Contractors Plant & Machinery, and Aviation Product Liability coverage for mining operations.
• Healthcare Insurance Broking Industrial All Risk, Office Package, Group Personal Accident, Group Mediclaim, Clinical Trials liability, and other covers for healthcare facilities.
• Hotels & Travel Insurance Broking Fire, burglary, fidelity guarantee, plate glass, marine, and group personal accident insurance for hotels and travel industry.
• Private Equity / Stock Broking Insurance Broking Stock Brokers Indemnity policy covering legal liability arising from stock exchange transactions.
• Marine & Ports Insurance Broking Port Package Policy covering property damage, vessels, cargo handling equipment, business interruption, P&I, wreck removal, and cleanup costs.
• Media & Entertainment Insurance Broking Film & Television Producers Package Insurance and Film Production Policy covering cast, props, sets, equipment, money, and liability exposures.
• Power & Utilities Insurance Broking Industrial All Risk with Fire Loss of Profits, Public Liability, Product Liability, Directors & Officers, Key Man, Credit, and Workmen Compensation insurance for the power sector.
• Telecom Insurance Broking Insurance coverage for telecom industry operations.
• Technology Industry Insurance Broking Office Package Policy, Cyber Liability, Error & Omission, Directors & Officers, and Commercial General Liability for technology companies.
• Oil & Energy Insurance Broking Insurance coverage for oil and energy industry operations.
• Education Insurance Broking Fire, burglary, motor, money, fidelity guarantee, group personal accident, group mediclaim, group term life, and EDLI for educational institutions.
• Transport & Logistics Insurance Broking Freight Forwarders Liability and Carrier Legal Liability coverage for the logistics industry, including MTO, hauliers, and ship agents.
• Shops & Stores Insurance Broking Shop Keepers Package Policy covering building, contents, burglary, money, fidelity guarantee, public liability, and loss of profit for shopkeepers.

Quantifiable outcome

• 11,023 new clients acquired in current financial year
• +4 more outcomes

Named customers10 records

Segments1 record

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Eleven partnerships are on record, tiered core.

• All Life Insurance Companies in IndiacoreOthersAccess to all life insurance companies enabling placement of life, term, endowment, ULIP, pension, and child insurance products for clients
• All General Insurance Companies in IndiacoreOthersAccess to all general insurance companies for motor, fire, marine, engineering, and other general insurance placements
• All Health Insurance Companies and TPAscoreOthersPartnerships with health insurers and Third Party Administrators including Star Health, Care Health Insurance, Medi Assist, MDIndia for cashless claims processing
• GIC Re (National Re-insurer)coreStrategic or Co-development PartnerSeamless connection with GIC Re for seeking facultative and treaty reinsurance capacity. Also introduces inward reinsurance business to GIC Re from Asia, Africa and Middle-East.
• International Reinsurers and Reinsurance Brokers including Lloyd'scoreStrategic or Co-development PartnerPartnerships with overseas reinsurance markets worldwide for stand-alone terrorism, Political Violence and Terrorism Liability, Financial Lines, Casualty, Energy & Infrastructure insurance placements
• NSDL National Insurance Repository (NIR)coreTechnology or IntegrationInsurance repository partner for opening e-Insurance Accounts and maintaining electronic policy documents
• CDSL Insurance Repository LimitedcoreTechnology or IntegrationInsurance repository partner for e-Insurance Account services
• Karvy Insurance Repository LimitedcoreTechnology or IntegrationInsurance repository partner for e-Insurance Account services
• CAMS Insurance Repository Services LimitedcoreTechnology or IntegrationInsurance repository partner for e-Insurance Account services
• Government of Telangana - Cattle Insurance SchemescoreStrategic or Co-development PartnerPioneer partners in cattle insurance scheme serving nearly 600,000 farmers in Telangana using technology for rural service delivery
• Government of Andhra Pradesh - Cattle Insurance SchemescoreStrategic or Co-development PartnerPartner in cattle insurance scheme for farmers in Andhra Pradesh, deploying technology for rural area service delivery

Scale indicators8 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• Marsh India Insurance Brokers Pvt Ltd: Subsidiary of Marsh McLennan, operating as a direct insurance and reinsurance broker across India. Comparable in service breadth (direct + reinsurance, risk advisory) and Composite Broker license status, but vastly larger headcount and global carrier relationships.
• Aon India Insurance Brokers Pvt Ltd: Indian arm of Aon plc providing direct insurance, reinsurance (Aon Benfield) and risk management services. Directly comparable Composite Broker licence footprint with similar product taxonomy (marine, energy, aviation, financial lines) but at enterprise/RFP scale.
• Willis Towers Watson India (WTW India): Global insurance broker operating in India with direct, reinsurance and risk consulting capabilities. Overlaps with EIBSL in specialty reinsurance placements and corporate risk advisory but operates as part of a global platform with much greater analytical depth.
• Howden Insurance Brokers India: Indian operation of Howden Group, providing retail, commercial and reinsurance broking. Comparable in offering facultative placements and specialty lines in India, backed by global carrier relationships.
• Arthur J. Gallagher India (Gallagher India): Indian insurance and reinsurance brokerage operation of Arthur J. Gallagher. Overlaps with EIBSL in corporate-direct broking and facultative placements, especially in specialty commercial lines.

Emerging players

• Policybazaar (PB Fintech): India's largest insurance aggregator / digital insurance broker. Not a licensed Composite Broker in the same sense, but competes for the same individual and SME retail placement volumes (motor, health, term life) that constitute the bulk of EIBSL's 254K-client base.

Direct peers

• Indigo Insurance Brokers Pvt Ltd: Indian Composite Insurance Broker providing direct and reinsurance solutions to corporate clients across India. Comparable mid-market peer with overlapping product lines including marine, fire and specialty covers.
• J.B. Boda Insurance & Reinsurance Brokers Pvt Ltd: India's largest privately-held reinsurance and insurance broker, headquartered in Mumbai. Directly comparable to EIBSL as an Indian Composite Insurance Broker with deep facultative/treaty reinsurance practice across non-life lines, marine, aviation, and energy — the closest domestic peer in scope.
• Prudent Insurance Brokers Pvt Ltd: Indian Composite Insurance Broker offering direct life, general and reinsurance intermediation with pan-India presence. Comparable mid-sized domestic competitor with similar target customer segments and product breadth.
• K.M. Dastur Reinsurance Brokers Pvt Ltd: Established Indian reinsurance broker handling facultative and treaty placements with international markets including Lloyd's. Directly comparable to EIBSL's reinsurance intermediary business model with similar Lloyd's/GIC Re counterparty relationships.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/excellent-insurance-broking-services-ltd

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 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 Excellent Insurance Broking Services Ltd