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"Brokers are uniquely placed to serve as the bridge between insurers and underserved markets. Through grassroots initiatives and digital outreach, we can educate MSMEs, SHGs, and rural entrepreneurs about risk protection."
THE INSURANCE TIMES
|July 2025
Narendra Kumar Bharindwal President Insurance Brokers Association of India
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About Mr. Bharindwal
Mr. Narendra Kumar Bharindwal is a seasoned insurance professional with over two decades of experience in insurance broking and regulatory advocacy. Currently serving as the Director and President of the Insurance Brokers Association of India (IBAI), he is also the Principal Officer and CEO of RMS ARC Insurance Brokers (P) Ltd and a Certified Independent Director (IICA). Known for his strategic leadership and regulatory insight, Mr. Bharindwal has played a pivotal role in shaping broker regulations, enhancing policyholder protection, and promoting risk awareness among Gen Z. His contributions continue to influence the direction and resilience of India's insurance broking ecosystem.
Q: As President of the Insurance Brokers Association of India (IBAI), what is your vision for the association in shaping the future of insurance broking in India?
A: My vision is to position IBAI as the primary voice and catalyst for the transformation of the insurance broking industry in India. We aim to build a robust ecosystem where brokers evolve as trusted advisors, not just intermediaries. IBAI will focus on policy advocacy, professional development, digital enablement, and inclusion to ensure brokers play a central role in deepening insurance penetration across Bharat.
Q: What are the key challenges currently faced by insurance brokers in India, and how is IBAI working to address them and create new growth opportunities?
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