Muthoot Risk Insurance & Broking Services expands in South; opens new office in Kochi

Kochi, June 25, 2024: Muthoot Risk & Broking Services (Pvt.) Limited (MRIBS), one of India’s leading insurance broking companies, promoted by 137-year-old Muthoot Pappachan Group (Muthoot Blue) opened its new standalone office in Palarivattom, Kochi. Chief Guest Naveen Philip, Managing Director of Popular Vehicles & Services Ltd., a unit of Kuttukaran Group, inaugurated the new office in the august presence of Thomas George Muthoot (Director-Muthoot Pappachan Group), Thomas Muthoot (Director-Muthoot Pappachan Group), Remy Muthoot (CEO-Muthoot Automobiles), and Sriram Kumar (CEO-MRIBS).

MRIBS is an IRDAI (Insurance regulatory and Development Authority of India) approved intermediary with the best-in-class Insurance specialists guiding small, medium and large corporate entities and retailers designing the most suitable Insurance program based on their requirements. The Company provides insurance services in Life, Pension, Gratuity, Health, Travel, Home, Accident, Vehicle(motor) & Commercial insurances including Legal risks and Cyber risks.

Sriram Kumar, CEO of MRIBS said “We are indeed happy to announce the opening of our new standalone office in the city. We plan to expand our offices further bringing us closer to our customers across the region.  We were focused on businesses among the Group companies until recently, but going forward we will strengthen our efforts on external channel businesses”.

Manoj Varghese-Business Head at (Non-Life Insurance) & Pratheep K M-Business Head (Life Insurance) at MRIBS along with other senior officials from Indian insurance industry were present during the inauguration.

Thomas Muthoot, Director of Muthoot Pappachan Group said “Ensuring financial inclusion of the common man is our objective and with each expansion we move one step closer to serving our Purpose of transforming the lives of the common man by improving their financial well-being. MRIBS is known for its reliability, discipline and credibility and is one among the prominent broking services in the country. I’m sure the new office is only just a beginning, and we will witness further growth and expansion in the coming years.”