EDME Insurance Brokers Plans Overseas Expansion and Targets Rs 1,600 Crore Business

EDME Insurance Brokers, formerly Aditya Birla Insurance Brokers Ltd, plans to expand overseas with offices in Singapore and Dubai within a year, followed by London. After acquiring UIB Insurance Brokers, its business grew to about Rs 850 crore, making it India's second-largest insurance broker. The company aims to double its business to Rs 1,600 crore in five years by focusing on 14-18 industries, leveraging technology, and pursuing mergers and acquisitions, while maintaining a workforce below 1,000 employees.