Afro-Asian Insurance & Reinsurance Brokers

What Afro-Asian Insurance & Reinsurance Brokers does

Afro-Asian Insurance & Reinsurance Brokers (India) Private Limited (AAIRB) is a Mumbai-headquartered composite insurance and reinsurance broker licensed by the Insurance Regulatory and Development Authority of India (IRDAI Composite Broker's License no. 262, valid through 17 May 2028). Founded on 18 May 2004 as the Indian subsidiary promoted by UK-based Afro-Asian Insurance Services (AAIS UK) — an accredited Lloyd's of London broker — AAIRB offers direct insurance (commercial and personal non-life lines) alongside treaty and facultative reinsurance placement. The firm operates from offices in Mumbai (HQ), GIFT City IFSC (international operations branch), London, Nairobi, and Harare, and is part of a wider Afro-Asian group network spanning India, the UK, Kenya, Nigeria, Ghana, Tanzania, and Zimbabwe.

AAIRB's core products span five areas: risk assessment and management services; direct non-life commercial insurance (Project, Property, Marine, Liability, Credit, Cyber); direct personal lines (Household, Personal Accident, Motor, Travel, Health); treaty reinsurance (Property & Casualty, Engineering, Marine, Energy, Agriculture, Liability, War Risks/Terrorism, Aerospace); and facultative reinsurance (Property, CAR/EAR, Cyber, Trade Credit, D&O, K&R, Aviation, Political Risk). Distribution is enterprise-led and direct, with senior brokers acting as the interface between clients and insurers/reinsurers for bespoke program design, policy administration, and claims servicing. The GTM motion is enterprise field sales targeting corporates and high-net-worth individuals in India, the Middle East, and the Far East, with cross-border placement capability enabled by Lloyd's access through AAIS UK.

AAIRB earns brokerage commissions as a composite broker placing direct insurance and reinsurance on behalf of clients, with pricing structured as customized, quote-based, annually-billed engagements tailored to each client's risk profile. The firm serves 13 named vertical segments — Logistics, Aviation, Oil & Energy, Infrastructure, IT, Shipping, Pharma, Crop/Agriculture, Satellite, Food & Beverage, FMCG, Hospitality, and Events — with no disclosed customer concentration data. Marketing is minimal: a corporate website (aairb.com) and a LinkedIn company page.

Name

Afro-Asian Insurance & Reinsurance Brokers

Legal name

Afro-Asian Insurance & Reinsurance Brokers (India) Private Limited

Website

https://aairb.com

Company type

Private

Founded year

2004

Operating status

Operating

Headcount range

11–50 employees

Short description

Afro-Asian Insurance & Reinsurance Brokers is a Mumbai-based IRDAI-licensed composite broker placing direct insurance and treaty/facultative reinsurance for corporates across 13 verticals in India, the Middle East, Africa, and the Far East, with Lloyd's access via UK parent AAIS.

Ownership category

akta.pro rank

Product category

Insurance Brokerage Services

NAICS

Insurance Agencies and Brokerages (524210), 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 industry

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

Keywords

• Insurance brokerage services
• Reinsurance broking
• Risk management advisory
• Commercial insurance
• Composite insurance broker

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales, Others

Revenue model

1. Insurance Brokerage Commission: The company acts as a Composite Broker earning commissions from insurers for placing direct insurance and reinsurance business. AAIS UK offers access to Lloyd's market and highly capitalised insurance markets.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels2 records

Core offering

Afro-Asian Insurance & Reinsurance Brokers (AAIRB) operates as a composite insurance and reinsurance broker licensed by the Insurance Regulatory and Development Authority of India (IRDAI Composite Broker's License no. 262). The company arranges Direct Insurance for both commercial non-life lines (Project, Property, Business Interruption, Marine, Liability, Credit, Cyber) and personal lines (Household, Personal Accident, Motor, Travel, Health), as well as Reinsurance Broking across Treaty (Property & Casualty, Engineering, Marine, Energy, Agriculture, Aerospace) and Facultative (Property, CAR/EAR, Cyber, Trade Credit, D&O, Political Risk) placements, supported by risk assessment, policy administration, and claims servicing.

Product overview

Afro-Asian Insurance & Reinsurance Brokers (India) Private Limited (AAIRB) operates as a composite insurance and reinsurance broker providing a comprehensive suite of risk management and insurance broking services. The company offers two primary service lines: Direct Insurance (for both commercial and personal non-life segments) and Reinsurance Broking (both Treaty and Facultative). Direct Insurance covers commercial lines (Project, Property, Marine, Liability, Credit, Cyber) and personal lines (Household, Motor, Travel, Health). Reinsurance services include Treaty placements across Property, Casualty, Energy, Agriculture, and Aerospace, as well as Facultative placements across diverse sectors including Cyber, Trade Credit, D&O, and Political Risk. The company also provides Risk Assessment & Management Services including policy design, insurer selection, claims servicing, and business continuity planning.

Differentiator

Problem solved

Functional benefit

Products and services

• Risk Assessment & Management Services Comprehensive risk assessment services encompassing cover design, insurer/reinsurer selection, policy administration, claims servicing, risk management, and business continuity planning, delivered to corporate and individual clients.
• Direct Insurance - Non-Life (Commercial) Commercial non-life insurance products including Project Insurance, Property Insurance, Business Interruption, Marine Insurance, Liability Insurance, Credit Insurance, and Cyber Insurance, for corporate clients across multiple verticals.
• Direct Insurance - Non-Life (Personal) Personal non-life insurance products including Household Insurance, Personal Accident Insurance, Motor Insurance, Overseas Travel Insurance, and Mediclaim/Health Insurance for individual consumers in India.
• Treaty Reinsurance Broking Treaty reinsurance advisory and placement services covering Property and Casualty, Engineering, Marine, Energy (Onshore & Offshore), Agriculture, Liability (including Motor, Cyber and D&O), War Risks/Terrorism/S.R.C.C., and Aerospace.
• Facultative Reinsurance Broking Facultative reinsurance placement services covering Property and Engineering, CAR/EAR, Cyber, Trade Credit, D&O, Kidnap & Ransom, Personal Accident, Freight Forwarders Liability, Financial Lines, Event Cancellation, Ports & Terminals, General Aviation, Political Risk, and Terrorism.

Segments13 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Six partnerships are on record, tiered core and minor.

• AAIS UK (Afro Asian Insurance Services UK)coreStrategic or Co-development Partner · 18 May 2004Parent company and promoter of AAIRB. AAIS UK is an accredited Lloyd's broker with vast experience in insurance and reinsurance. Offers AAIRB access to highly capitalised Lloyd's market. Head office of the Afro Asian group which has been operating for over 20 years.
• Afro Asian Insurance Services KenyaminorOthersNetwork office in Kenya - part of the Afro Asian group network in Africa.
• Afro Asian Insurance Services NigeriaminorOthersPart of Afro Asian group network in Africa - offices in Nigeria.
• Afro Asian Insurance GhanaminorOthersPart of Afro Asian group network in Africa - offices in Ghana.
• Afro Asian Insurance TanzaniaminorOthersPart of Afro Asian group network in Africa - offices in Tanzania.
• Afro Asian Insurance ZimbabweminorOthersNetwork office in Zimbabwe managed by Director Vinita Lotlikar.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• J.B. Boda & Co: Long-standing Indian composite insurance and reinsurance broker with international group presence; directly comparable in business model, Lloyd's access and mixed line coverage.
• Willis Towers Watson (WTW) India: WTW's Indian insurance and reinsurance broking arm competes head-to-head with AAIRB in mid-market and specialty placements including aviation, energy and marine.
• Howden India: Independent specialty broker with Lloyd's access and growing India/Asia presence; competes with AAIRB on the same specialty and reinsurance lines.
• Aon India Insurance Brokers: India operation of Aon plc; licensed composite/risk advisor and reinsurance broker covering the same commercial, personal and specialty risk segments AAIRB targets.
• Marsh India Insurance Brokers: Indian arm of global broker Marsh; offers both direct and reinsurance placement across P&C, specialty and reinsurance lines, directly overlapping AAIRB's composite broker proposition.
• K.M. Dastur Reinsurance Brokers: India-licensed reinsurance broker with treaty and facultative capabilities — a close analogue on the reinsurance side of AAIRB's practice.
• R.K. Pandit (Insurance Brokers) Pvt. Ltd. Indian composite insurance and reinsurance broker providing bespoke commercial and reinsurance placements to Indian corporates — same operating model as AAIRB.
• Indbro Insurance Broking Services: IRDAI-licensed Indian insurance and reinsurance broker offering both direct and reinsurance broking across commercial and specialty lines.

Broad incumbents

• Lockton India: World's largest independent broker with India presence offering specialty and reinsurance placement — competes on larger, multinational clients while overlapping AAIRB's specialty segments.

Regional players

• Africa Re / Continental Re: African reinsurance pools and brokers operating in the same geography AAIRB serves from its Nairobi and Harare network offices — comparable on region and reinsurance focus if not direct brokerage model.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/afro-asian-insurance-brokers-india

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 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 Afro-Asian Insurance & Reinsurance Brokers