Birla Insurance Advisory & Broking Services Limited

Introduction

Birla Insurance Advisory & Broking Services Limited (BIASL) (formerly known as "Birla Insurance Advisory Services Limited") is a leading intermediary in the General Insurance market licensed by Insurance Regulatory and Development Authority of India. At BIASL, we analyze the client's business activity to understand their risk exposure and then evaluate their general insurance portfolio in terms of its adequacy to protect the same.

Our underwriting and risk management teams help our clients in devising a comprehensive risk management solution. Our focus is to develop cost effective and near foolproof insurance package for our clients. In the event of a claim, our claims team facilitates the process to ensure speedy settlements.

BIASL has professional relationships with all non-life insurance companies in the country and is well poised to provide its clients a comprehensive risk management strategy. Recently BIASL has got Composite Broking Licence and entered into Reinsurance Broking

Why BIASL

Experts with their domain knowledge and experience effectively evaluate a company's risk profile and suggest strategic inputs to improve the same. To be sure, companies with professionally managed risk profiles have better leverage with insurers. Our professional capabilities provide our clients clear quantification of their risk and help them get customized insurance products that suit their discerning needs.

Our Strengths

• Our risk engineers, underwriters and claim experts have decades of experience on Tariff Advisory Committees and various General Insurance Companies.

• Aditya Birla Group's vast experience in a variety of industries gives us a head-start when it comes to understanding the client's business and their risk profiles.

• Our experience with a diverse client base gives us the capability to customize comprehensive insurance solutions for our clients.

• Strong negotiation skills enable us to get an optimum cover for our clients with minimum premium outgo.

• Outstanding track record of claims management.

• Robust systems and processes. Mumbai office has been awarded ISO 9001 certification. Other branches are in the process of rollout.

Services offered

• Assessment of risk

• Claims management

• Portfolio management

• Risk management solutions

• Designing customized insurance solutions

Sectoral strengths

• Cement

• Metals

• Fibre

• Chemicals

• IT & ITES

• Jewellery

• Pharma

• Banks

• Hotels

• Engineering

• Educational Institutions

• Financial Services

Achievements

• Structured and placed mega risk policies for some of the Aditya Birla Group Companies.

• Structured the Mediclaim Policy for the Aditya Birla Group.

• Specializations in niche products like art insurance, event insurance and credit insurances.

• Impressive track record in dealing with the Public Sector Undertakings like engineering firms, manufacturing firms, financial institutions, etc.

• Successfully placed the businesses for many large scale public and private sector companies.

Key management