Mahindra Insurance to focus on SMEs, reinsurance

Mahindra Insurance Brokers (MIBL), an insurance broking company from the M&M group, said it will focus on SME and reinsurance businesses in a big way. The company will launch its online platform in two months.

It is open to raise funds from PEs for technology and products, Managing Director Jaideep Devare said on January 27.

Devare said, “After focusing on the motor, life, health insurance sectors over last 10 years, the company has started providing solutions to SMEs to offer risk management solutions. SMEs are the biggest casualties when it comes to flood, fire and other natural calamities.”

The company sees the UK, Europe, and the West Asia as potential markets for reinsurance broking business.

Source: The Financial Express

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