Federal Reinsurance Brokers Limited (FRBL) was established under Company Act 2006 (2063 B.S) on January 25, 2022, and licensed by Nepal Insurance Authority on March 30, 2022. Promoted by the prominent Business Group and Professionals, the main objectives of FRBL are to offer reinsurance brokerage and allied services in Nepal and abroad. We inspire client confidence by providing unparalleled levels of reinsurance broker services, strategic insight, and transactional excellence. We retain the trust and confidence of our clients by recruiting and retaining the best talent in the industry and adhering to strong corporate governance norms.

WHY FRBL?

  • Licensed by Nepal Insurance Authority: FRBL is a licensed Broker from the Nepal Insurance Authority.
  • Trusted Promoters: FRBL is promoted and backed by Prominent Business groups and experienced Individuals.
  • Experienced and Technically Sound Management Team: The FRBL management team comprises highly qualified, skilled, and experienced people.
  • Collaborative Approach: FRBL works collaboratively with our clients by understanding their needs. We strive to become an integrated partner with our clients.
  • A pool of Reinsurance Products: FRBL excels in cultivating strategic alliances with renowned reinsurance companies across the globe, enabling clients to access a diverse range of options, competitive pricing, and a global network while empowering them to make well-informed choices for acquiring the best coverage.

CAPITAL STRUCTURE

The Capital structure of the Company is as under:

Authorized Capital: NPR. 100 Million
Issued Capital: NPR. 62.5 Million 
Paid-up Capital: NPR. 50 Million

SCOPE OF WORK

Following are the major activities of the Federal Reinsurance Brokers Limited as per its Memorandum of Association (MOA):

  • To work as a licensed reinsurance broker.
  • To help Insurance Companies to find out the best reinsurance product at the best rate.
  • To assist Insurance and Reinsurance Companies in drafting contract papers and other related documents.
  • To assist in claim settlement.
  • To provide technical and expert advisory services.
  • To provide other services within the guidelines of the Regulator and the needs of the Industry.

CORPORATE VALUES

Our values define who we are as a company and who we aspire to be. Company values (also called corporate values or core values) are the set of guiding principles and fundamental beliefs that help a group of people function together as a team and work toward a common business goal. We believe in “FRBL” as our Corporate Values.

 Fairness(F) Reliable(R) Bold(B) Loyal(L)
Treating everyone with the common decency we all deserve and expect. Consistently good in quality or performance; able to be trusted. An action, or idea showing a willingness to take risks; confidence, and courage. Giving or showing firm and constant support or allegiance to our Clients.

 

WHY USE A REINSURANCE BROKER?

  • A reinsurance broker is a specialist in insurance and risk management.
  • Mostly the reinsurance contracts are complicated, and the reinsurance broker can help you understand the details of a contract, key terms, premium, etc. and also work out what level of cover you need, so that you can make sure you are properly protected.
  • Brokers can often find you a good deal on insurance because they have a thorough understanding of the insurance market and can negotiate premiums on your behalf.
  • A broker will explain your policy to you and advise you if there are any special situations you need to know about.
  • Using the broker doesn’t cost more than going direct as they are paid the brokerage by the Reinsurance Company for selling their products.
  • If you need to make a claim on your policy, your broker will assist you through the process and will liaise with the reinsurer on your behalf.

 

PROMOTERS

FRBL is promoted by 16 Institutional and Individual Promoters having diverse experience and expertise.