UNISON Insurance Broking Services Pvt. Ltd. Market Research Report

Background

Overview

UNISON Insurance Broking Services Pvt. Ltd., established in 1998, is a leading independent insurance and reinsurance broker in India. With over 25 years of experience, the company has expanded its presence to 10 major cities across the country, employing a dedicated team of more than 350 professionals.

Mission and Vision

UNISON is committed to creating transparency and convenience in the Indian insurance market, aiming to provide comprehensive risk solutions tailored to the diverse needs of its clients. The company focuses on building long-lasting customer relationships through innovation, quick turnaround times, and customer delight.

Primary Area of Focus

The company specializes in risk management, insurance placement programs, and claims management, offering a wide array of insurance products and services to corporate clients across various sectors.

Industry Significance

UNISON has been recognized for its excellence in the insurance sector, receiving numerous accolades, including the "Insurance Broker of the Year" and "Customer Service Excellence" awards at the India Insurance Summit.

Key Strategic Focus

Core Objectives

To provide innovative and tailored insurance solutions to a diverse clientele.

To maintain a high client retention rate through exceptional service and customer satisfaction.

To expand its market presence across India and internationally.

Specific Areas of Specialization

Property & Energy

Port & Infrastructure

Specialized Renewable Energy

Standalone Terrorism

Aviation Liability

Construction/Engineering

P&I/Marine Cargo/Hull

Employee Benefits

Credit & Political Risk

Extended Warranty

Event Insurance

Key Technologies Utilized

UNISON employs advanced risk assessment tools and technologies to design bespoke insurance products and manage claims effectively. The company also invests in employee training and skill enhancement to stay ahead in the competitive insurance market.

Primary Markets Targeted

UNISON serves over 19,000 corporate clients across diverse sectors, including FMCG, Infrastructure, Power, Oil, Energy, Fertilizers, Chemicals, Pharmaceuticals, Ports, and Renewable Energy.

Financials and Funding

Funding History

Specific details regarding UNISON's funding history, total funds raised, and recent funding rounds are not publicly disclosed.

Notable Investors

Information about notable investors in UNISON is not publicly available.

Utilization of Capital

While specific details on the utilization of capital are not disclosed, it is evident that UNISON invests significantly in resource training, skill enhancement, and technological advancements to maintain its competitive edge in the insurance industry.

Pipeline Development

Key Pipeline Candidates

UNISON offers a diverse range of insurance products tailored to various industries, including:

Contractors All Risk Insurance

Delay in Start-Up Insurance

Specialized coverage for construction, power, consumer goods, pharmaceuticals, plastics, and chemicals

Stages of Development

The company continually develops and refines its insurance products to meet the evolving needs of its clients.

Target Conditions

UNISON's products are designed to address complex operational and construction risks, providing comprehensive coverage across various sectors.

Anticipated Milestones

UNISON has been recognized with numerous awards, including the "Insurance Broker of the Year" and "Customer Service Excellence" awards at the India Insurance Summit, reflecting its commitment to excellence and customer satisfaction.

Technological Platform and Innovation

Proprietary Technologies

UNISON utilizes advanced risk assessment tools and technologies to design bespoke insurance products and manage claims effectively. The company also invests in employee training and skill enhancement to stay ahead in the competitive insurance market.

Significant Scientific Methods

UNISON employs advanced risk assessment tools and technologies to design bespoke insurance products and manage claims effectively. The company also invests in employee training and skill enhancement to stay ahead in the competitive insurance market.

Leadership Team

Key Executives

Mr. Biraj Sinha: CEO and Managing Director

Mr. Sinha has nearly four decades of experience in the insurance industry. Under his leadership, UNISON has earned accolades such as "100 Inspirational Leaders of Asia 2022" and "Broker of the Year & Customer Care Award 2022."

Leadership Changes

Specific details regarding recent significant changes or appointments within UNISON's leadership are not publicly disclosed.

Competitor Profile

Market Insights and Dynamics

The Indian insurance market is characterized by a growing demand for comprehensive risk management solutions across various sectors. Companies like UNISON are well-positioned to capitalize on this demand through their diverse product offerings and customer-centric approach.

Competitor Analysis

UNISON faces competition from other independent insurance and reinsurance brokers in India. However, its extensive experience, diverse product portfolio, and commitment to customer satisfaction distinguish it in the market.

Strategic Collaborations and Partnerships

Significant Collaborations

UNISON has been recognized for its excellence in the insurance sector, receiving numerous accolades, including the "Insurance Broker of the Year" and "Customer Service Excellence" awards at the India Insurance Summit.

Strategic Opportunities and Future Directions

UNISON continues to adapt to challenges, such as those posed by the COVID-19 pandemic, while maintaining its commitment to safeguarding the health and well-being of its employees and clients alike.