JBA Risk Management to launch India operations led by Mansi Kalra as MD

UK-domiciled flood science specialist JBA Risk Management is establishing its Indian operations by opening an office in Bangalore next month, led by Mansi Kalra as Managing Director (MD).

The move is motivated by the growing demand for advanced flood risk modelling and data solutions from the insurance and financial services sectors across the country, as it grapples with the increasing impact of climate-related risks.

Currently, Kalra, who is based out of JBA’s Singapore office, will relocate to India to head up JBA Risk Management India, whilst retaining management of the Singapore operation. The team based in India will be four-strong by the turn of the year, according to the firm.

India’s rapidly growing general insurance market has recorded gross written premiums of around ₹3.08 trillion in 2024, 6% up on the year before, according to the Insurance Regulatory Development Authority of India (IRDAI).

Data shows that the Indian property insurance segment in particular is performing strongly, with industry analysts forecasting a compound annual growth rate of around 8.3 % through 2028.

Additionally, India’s banking sector is also increasingly recognising the impact of climate-related risks, particularly floods, as a major contributor to non-performing assets.

JBA sees opportunity in several planned transformative infrastructure projects, which will need comprehensive feasibility studies and environmental risk assessments, an area in which the firm has a strong reputation and capability.

Kalra commented, “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. We will also be out in force at the forthcoming 19th India Rendezvous in Mumbai in January (19-21), and the team is looking forward to catching up with existing clients and meeting new ones.”