MIBL’s Reinsurance broking business is a new business opportunity for the company. The Reinsurance (RI) product is used by insurance companies to transfer their portfolio risks to reinsurers, protecting the insurer’s balance sheets and enabling continuity of business operations.
Our company’s Reinsurance team is comprised of experts whose collective experience in reinsurance totals over eight decades in India, the Far East, the UK, Europe and the Middle East. The team is backed by an Advanced RI Administration and Database software system, ensuring process efficiency and reliable delivery to our clients. We are constantly investing in expertise, skills and tools that would be required to become a distinguished player in the market and strive to deliver innovative and customized solutions to our customers.
Through its introduction of the Reinsurance product, MIBL enters the international arena of insurance broking. The RI Broking team uses its international domain knowledge and expertise to provide innovative and customized solutions to insurance companies, nurturing long term business, relationships and expanding the company’s industry network.
MIBL’s Direct Broking Business provides the foundation of this network, with initial Reinsurance business being drawn from this base of clients.
- Import of reinsurance in which foreign reinsurance capacity and protection is obtained for Indian insurance companies
- Export of reinsurance in which reinsurance from Indian reinsurers support overseas insurance companies
- Cross Border operations in which one insurance company uses MIBL's expertise to reinsure their risks with reinsurers from countries other than India.