Bengaluru- Alliance Insurance Brokers, one of India’s leading insurance service providers, risk managers, and reinsurance brokers, has announced the appointment of Anoop Verma as Director, with the mandate to lead the company’s next phase of growth in the Bengaluru market.
Bengaluru, recognized as the third-largest insurance hub in India, is a strategic market for Alliance, particularly within the southern region. With a team of nearly fifty professionals and strong support from fellow Directors, Anoop Verma will be responsible for driving business development, implementing cutting-edge technology solutions, and introducing innovative insurance products that align with the region’s fast-evolving demands.
South India continues to register impressive growth in the insurance sector, with health insurance alone expected to grow at a CAGR of 11.2%, and overall insurance expansion pegged at 12.6% CAGR. Alliance Insurance Brokers already has a robust presence in key southern markets such as Hyderabad, Chennai, Mangalore, Kochi, and Coimbatore, with Bengaluru serving as the regional headquarters.
The regional market is showing strong momentum across segments, including Group Health Insurance, Trade Credit, Surety Bonds, and Employee Benefits, all witnessing significant upticks in demand.
Aatur Thakkar, Co-founder and Director, Alliance Insurance Brokers, commented: “South India is a fast-emerging market for insurance, where health insurance is prominently growing in the region. Both retail insurance, as well as B2B insurance products are witnessing tremendous growth in the region. As household incomes rise and climate-related risks intensify, south, especially Bengaluru will play a pivotal role in shaping the next phase of insurance growth in India. Anoop’s leadership qualities, strategic outlook, and entrepreneurial thinking makes him the perfect person to spearhead our Bengaluru operations and build overall business in South.”
Anoop Verma, Director, Alliance Insurance Brokers, added: “Bengaluru’s dynamic business ecosystem and the Southern region’s contribution to India’s insurance industry makes this a challenging yet exciting opportunity. It is one of the most professionally run market in India & I look forward to create world class Insurance Delivery systems which can offer innovative insurance solutions, build lasting client relationships, and help Alliance in its next phase of growth in the region.”
An ex-Indian Air Force Short Service Commission Officer, Anoop Verma brings with him over 25 years of leadership experience across sectors including defence, media, healthcare, insurance, and insurance broking. During his service, he managed operations, maintenance, and training in the Air Force, earning the prestigious Governor’s Award in 2004. His corporate journey includes senior leadership roles at ICICI Lombard, Asian Heart Institute, and Jaslok Hospital, where he led high-impact P&L expansion, brand-building, and strategic alliances.
His multifaceted background gives him a unique advantage in understanding complex markets, and his leadership is expected to significantly strengthen Alliance Insurance Brokers’ foothold in South India.
