Aon Global Insurance Brokers Pvt Ltd. (Aon Global) is a joint venture between Mr. Prabodh B. Thakker of Global Insurance Services and Aon Corporation. Aon Global is the leading insurance intermediary in the Indian market.

Aon Global is a Composite Broker licensed by the Insurance Regulatory and Development Authority. As a Composite Broker, Aon Global is permitted to offer both reinsurance and corporate (domestic) broking solutions to its clients. Aon Global combines international expertise and local knowledge to provide value added, professional, cutting edge risk management and insurance solutions to its clients. The company is the leading broker for placement of facultative risks in the aviation and energy sectors.

Aon Global became operational on March 3, 2003. The company is headquartered in Mumbai, has offices in Delhi, Chennai, Bangalore and Pune. The company has 80 staff members on its rolls, 60 of whom are insurance professionals having the requisite qualifications and experience to meet client needs.

Aon Global is bullish about the prospects of the insurance industry in India. The company aims to play a pioneering role in improving insurance penetration and risk awareness in the country. Aon Global is committed to contributing to the overall growth and efficiency of the insurance industry in India and in leading the insurance broking segment with highly talented and rewarded people and delighted customers.

About the shareholders

Global Insurance Services
Prior to the formation of Aon Global, Global Insurance Services (founded by the Late Shri Bhagwandas Peraj Thakker) was a leading player in the Indian reinsurance broking industry. The company has been, over the last 25 years, providing a range of insurance related services to large corporate houses including claims management, risk management advice, surveying and loss assessment/ adjusting solutions. Aon (or its legacy entities) and Global have shared a correspondent relationship for over 20 years.

Aon Corporation (www.Aon.com)
Aon Corporation is a leading provider of risk managementservices, insurance and reinsurance brokerage, human capital and management consulting, and specialty insurance underwriting. There are 47,000 employees working in Aon’s 500 offices in more than 120 countries. Backed by broad resources, industry knowledge and technical expertise, Aon professionals help a wide range of clients develop effective risk management and workforce productivity solutions.

What is insurance broking?
Insurance broking typically involves the arrangement of appropriate insurance covers for a wide range of corporate risks with insurance/ reinsurance companies at competitive premiums. A broker assists corporates in the evaluation and selection of the optimal cover, provides a range of other services including managing claims, ensuring timely recovery and remittance of premiums, management of insurance records etc. On the broader risk management front, a broker studies the risk profile of a client and recommends ways to eliminate, control, minimize or transfer risks. Globally, brokers play a key role in the efficient functioning of the general insurance market.