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The Insurance Brokers Association of India (IBAI) has announced Mr. Nirmal Bazaz as its new honorary secretary. Mr. Bazaz, who is also a director at IBAI, brings over 30 years of experience in insurance and risk management. He is also the founder of Extra Cover Insurance Brokers.
Introduction
The Insurance Brokers Association of India (IBAI) has appointed Mr. Nirmal Bazaz as its new honorary secretary. He was elected director in 2023 and continues to serve in that role alongside his new responsibility.
Professional Journey
Mr. Bazaz has more than 30 years of experience in the insurance industry. Throughout his career, he has worked actively to spread awareness about risk management and insurance practices. He regularly organizes seminars and workshops through respected platforms such as the Indian Chamber of Commerce and various business associations.
He also shares his knowledge as visiting faculty at the Institute of Chartered Accountants of India (ICAI), especially during orientation programs for Chartered Accountants.
Industry Contributions
Mr. Bazaz is known for representing the voice of insurance brokers on important platforms, including regulatory bodies like the Insurance Regulatory and Development Authority of India (IRDAI). His contribution to policy discussions and professional development has made him a respected figure in the broker community.
Academic & Professional Background
An Honours Commerce Graduate from St. Xavier’s College, Ranchi, Mr. Bazaz completed his Chartered Accountancy in 1991. In 2005, he founded Extra Cover Insurance Brokers, which has grown into a respected name in the insurance broking industry.
Conclusion
With his strong background in insurance, education, and policy advocacy, Mr. Bazaz’s new role as honorary secretary is expected to bring valuable insights and strategic direction to IBAI and its members.
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