Insurance Information Bureau of India

Profile narrative

The Insurance Information Bureau of India (IIB) is the central agency responsible for collecting, maintaining, and disseminating data related to the Indian insurance sector. It operates a comprehensive database that includes information on motor third‑party claims, health insurance policies, and other lines of business. IIB provides statistical reports, analytical insights, and data‑driven services to insurers, reinsurers, brokers, and regulators. Its offerings support activities such as product pricing, risk assessment, fraud detection, and regulatory reporting. By serving as a single source of verified insurance information, IIB helps market participants make informed decisions and enhances transparency in the industry.

The bureau is headquartered in India, with its primary facilities located in Hyderabad, as indicated by public reporting of its recent cyber incident. IIB functions as a non‑profit organization established under the guidance of the Insurance Regulatory and Development Authority of India (IRDAI) and is owned by its member insurance companies. This ownership structure gives it a distinct role as a sector‑wide utility rather than a commercial enterprise, focusing on collective industry needs. As a nodal agency for insurance data, IIB is recognized for its specialized expertise in managing large‑scale insurance datasets and delivering sector‑specific analytics. The organization’s governance includes a council representing member insurers, ensuring that its services align with the strategic priorities of the Indian insurance market.

Incidents

1 incident linked to this organisation.