“Sky is never the limit; everything that lies beyond the sky is yours — THE FUTURE!”
Through this read, we are introducing our global readers to the tale of one such impressive organisation, which has its foundation on the legacy of excellence and experience in leadership — the J.B.BODA GROUP.
Our editorial team had an interesting session with the MD of the company, Mr. Rohit Atul Boda, who prides on calling himself a BROKERPRENEUR — a term he has derived by combining the traits of a ‘Broker’ and an ‘Entrepreneur’. He also shed some light on his entrepreneurial journey so far that is worth the read. We truly hope and desire that this fascinating read will add some extra value to the lives of our global readership panel and will encourage every mind out there to break their barriers and chase their dreams.
COMPANY OVERVIEW
Conceptualised in the year 1943 by Late Chairman Mr. Jagmohandas Bhagwandas Boda and Late Mr. Dhiraj Bhagwandas Boda, J.B.BODA GROUP is one of the leading organisations in the business realm that was initially inclined to provide Reinsurance Broking services. In those days, Reinsurance Broking was unheard of in India. The painstaking professionalism, unimpeachable standards of conduct, customer-centred business management, and reputation for fair dealing enabled the Group to develop an organisation of respectable size from a relatively modest beginning. They pioneered Reinsurance Broking in India, and at present, the J.B.BODA GROUP is the oldest and largest Reinsurance Broking house in India, Asia, Africa, Middle-East, and other emerging countries while being the first Indian Multinational Insurance and Reinsurance Broking House operating for over seven decades.
Rohit says, “We call ourselves a ’79-Year-Old Start-up’. With the change in the pace of the insurance industry and the dominance of technology, the J.B.BODA GROUP has geared up and has been keeping up since then. Our organisation has experienced three phases of the Indian Insurance Industry viz. Pre-nationalization, Post-nationalization & Post-liberalization. Keeping these evolutions in mind, the J.B.BODA GROUP has maintained its base culture of ethics, transparency, and integrity while adapting to the external changes time and again. Today, we are an Indian Multinational organisation taking the ‘Indian Brand’ global along with a presence spread across the country.”
EDGE IN THE REALM
Apart from insurance and reinsurance broking, the Group is also engaged in the services of the marine and non-marine survey, protection & indemnity (P&I) correspondence, and actuarial valuation work providing these services through separately capitalised companies. Beyond the traditional insurance segments like Fire, Engineering, and Marine insurance, the Group has expertise in the niche segments of insurances like Micro and Agriculture, Aviation, Financial Lines, Life & Health, Renewable Energy, and Bancassurance, Trade Credit, Extended Warranty, Financial Lines
There is a focus on exploring the Insurtech space through partnerships with the right stakeholders and investments. Expert brokers also assist companies with the risk transfer mechanism in the space of ESG and climate change through the right insurance products developed in this arena
