UK-based flood science specialist JBA Risk Management is to open an office in Bangalore next month. The new team will start with four staff, led by Mansi Kalra, managing director, JBA Risk Management Pte, who will relocate from Singapore while continuing to oversee operations there.

India’s general insurance market recorded gross written premiums of the equivalent of £30.8bn in 2024, up 6% on the previous year, with property insurance performing particularly strongly. Analysts forecast a compound annual growth rate of 8.3% to 2028.

Banks are also increasingly considering climate-related risks, particularly flooding, as a major contributor to non-performing assets, while planned infrastructure projects are driving demand for feasibility studies and environmental risk assessments, where JBA has established expertise.

Mansi Kalra, managing director, JBA Risk Management Pte, said: “This is an exciting time to be opening a new operation in India which will serve as a strategic hub enabling us to deepen relationships, enhance service delivery, and accelerate our impact in one of the world’s most dynamic and rapidly expanding markets.

“Bangalore is the perfect base from which to grow, providing access to a wealth of local talent in areas such as data science, climate modelling and geospatial analytics; as well as close proximity to the head offices of key clients and partners, including insurers, reinsurers, banks and consultancies.”

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