What Berns Brett India does

Berns Brett India Insurance Broking Pvt. Ltd is an IRDA-licensed composite insurance broker incorporated in India in 2013 as part of the UK-headquartered BBi Group, which has operated as an independent insurance broker, financial adviser, and risk manager for over 45 years. The company is licensed under IRDA Composite Broking Licence No. 521 (valid 17/04/2024 to 16/04/2027) to broker both direct insurance and reinsurance business, and operates from four offices across New Delhi (registered office), Mumbai (corporate office), and Chennai (general and compliance offices). Its service portfolio spans commercial insurance (Fire and Special Perils, Business Interruption, Machinery Breakdown, Motor, Industrial All Risk, Contractor's All Risk, Aviation, Marine Cargo), employee benefits and group life insurance, lenders insurance advisory for banks and ECAs, claim management, and a suite of risk management services (risk control audits, Health and Safety consultancy, fleet management, business continuity planning), with a Retail product line listed as "Coming Soon." The company positions itself as a client's "external insurance department" — providing qualified, advisory-led placement and ongoing risk consulting rather than transactional policy selling — and serves four primary enterprise segments: corporate/commercial businesses, property owners and investors, lenders and financial institutions, and employers seeking group benefits.

The business model is commission-based: Berns Brett India earns transaction fees on insurance premiums placed with domestic insurers and, through its affiliation with Berns Brett UK, with international markets including Lloyd's. Revenue is generated from commission streams on both life and non-life products and on facultative and treaty reinsurance placements. Pricing is not publicly disclosed and is quote-based per placement. The go-to-market is sales-led and relationship-driven: direct advisory engagement through professional brokers, supported by a corporate website, quarterly client newsletters, and referrals from the existing client base and the wider BBi Group network. The technology underlying the business is described as an "insurance broking and risk management services platform" with no proprietary AI, digital, or software features disclosed in the source material. Internationally, the company leverages the BBi Group's UK, UAE, and Ireland affiliates to access rated reinsurers and to service cross-border enquiries, including a published MENA-region enquiry channel.

Name

Berns Brett India

Legal name

Berns Brett India Insurance Broking Pvt. Ltd

Website

https://bernsbrettindia.com

Company type

Private

Founded year

2013

Operating status

Operating

Short description

Berns Brett India is an IRDA-licensed composite insurance broker (incorporated 2013, part of the UK-based BBi Group) providing commercial insurance, reinsurance, employee benefits, and risk management advisory to corporate clients, property owners, lenders, and employers across India.

Ownership category

akta.pro rank

Headquarters

HQ city

New Delhi

HQ country

India

HQ region

Asia

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Insurance Broking Commissions: Berns Brett India generates revenue through commissions earned from placing insurance policies with insurers on behalf of clients. As a composite broker, they earn commissions on both life and non-life insurance products placed in the Indian market and international markets.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

Berns Brett India is a composite insurance broker and risk manager (IRDA Composite Broking Licence No. 521) that places commercial insurance, reinsurance, employee benefits, and life insurance coverages for corporate clients across India. It additionally provides lender-side insurance advisory for banks and financial institutions, along with claims services and risk control and audit support.

Product overview

Berns Brett India is a Composite Insurance Broker and Risk Manager offering a comprehensive portfolio of insurance and risk management services. The core offering includes Commercial Insurance (Fire, Perils, Business Interruption, Motor, Machinery Breakdown), Employee Benefits, Life Insurance, Reinsurance Solutions, Claim Services, and Risk Management services. The company provides specialized insurance products including Industrial All Risk, Contractor's All Risk, Aviation, and Property Investors Insurance. Risk Management services include Risk Control & Audit, Health and Safety Consultancy, Fleet Solutions, and Business Continuity Planning. The company acts as a client's internal insurance department, providing complete risk management support beyond mere insurance placement.

Differentiator

Problem solved

Functional benefit

Products and services

• Commercial Insurance Broking

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Five partnerships are on record, tiered core and minor.

• BBi Group (Parent Company)coreOthersThe BBi Group is the parent organization that has been established as an Independent Insurance Broker, Financial Adviser and Risk Manager for over 45 years. Berns Brett India is affiliated to Berns Brett UK and is part of a network of offices together with partners and affiliates enabling competitive premiums and quality advice worldwide.
• BBi Berns Brett UKcoreOthersBerns Brett India is affiliated to Berns Brett UK, providing access to Lloyd's market and international insurance expertise for placing reinsurance programs with rated reinsurers.
• GIC Re (National Reinsurer of India)coreStrategic or Co-development PartnerGIC Re is India's National Reinsurer. Quota Share Treaty reinsurance includes compulsory cession of 5% of each Indian risk to GIC Re, which is standard practice in the Indian reinsurance market.
• BBi Alternative SolutionsminorStrategic or Co-development PartnerBBi Alternative Solutions provides services including Property Fire Risk Assessments, Fire Marshall training, Health and Safety consultancy, Business Continuity planning consultancy and software to Indian clients through Berns Brett India.
• Lloyd's MarketcoreOthersThrough affiliation with Berns Brett UK, Berns Brett India has access to the Lloyd's market for placing reinsurance and specialty insurance risks with strong rated reinsurers.

Scale indicators3 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Aon India Insurance Brokers: Aon India is a global composite broker and risk advisor operating across commercial insurance, reinsurance, and H&B consulting in India. It is directly comparable to Berns Brett India on multi-line corporate placement, reinsurance solutions, and embedded risk advisory services.
• Willis Towers Watson India: WTW India operates a composite insurance and reinsurance brokerage plus risk consulting practice for large Indian corporates and multinationals. It is a direct competitor across the same product lines and customer segments Berns Brett India serves.
• Prudent Insurance Brokers Pvt. Ltd. Prudent Insurance Brokers is an IRDA-licensed composite broker serving corporate, institutional, and retail clients across India. It is a directly comparable mid-size Indian composite broker competing for similar commercial, life, and reinsurance accounts.
• Alliance Insurance Brokers Pvt. Ltd. Alliance Insurance Brokers is an Indian composite broker offering commercial insurance, reinsurance, and risk management advisory to corporates. It competes for the same mid-market and large-corporate mandates that Berns Brett India targets in India.
• Marsh India Insurance Brokers: Marsh India is a direct competitor offering composite insurance and reinsurance broking, risk advisory, and claims services to large corporates in India. It competes head-to-head with Berns Brett India on corporate insurance placement, reinsurance, and risk management mandates.
• Howden Insurance Brokers India: Howden has built an India presence as an independent, UK-rooted composite broker with strong Lloyd's market access — closely mirroring Berns Brett India's positioning. Both firms emphasize independent advice, specialty placement, and cross-border capacity for Indian corporates.
• J.B. Boda Insurance Brokers Pvt. Ltd. J.B. Boda Group operates IRDA-licensed composite broking in India serving corporates, project finance lenders, and reinsurance cedants. It is highly comparable to Berns Brett India on lender advisory, reinsurance placement, and specialty lines.
• Sudhir Insurance Brokers Pvt. Ltd. Sudhir Insurance Brokers is an IRDA-licensed composite broker providing commercial insurance placement, reinsurance, and risk advisory to Indian corporates and institutions. Comparable product breadth and customer focus to Berns Brett India.

Others

• GIC Re (General Insurance Corporation of India): GIC Re is India's national reinsurer and a compulsory cession counterparty for every Indian risk. As a partner and reinsurer of Berns Brett India's cedants, it sits adjacent to the broking model rather than competing with it, but shapes market capacity and pricing for the firm.

Broad incumbents

• JLT India (now part of Marsh): JLT India, now integrated into Marsh, was historically a UK-rooted composite broker with strong Lloyd's ties — a profile similar to Berns Brett India. It represents the broader incumbent archetype combining international capacity with Indian corporate relationships.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key highlights6 records

Customer concentration

Compliance1 record

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 Berns Brett India