UK-based flood science specialist JBA Risk Management will open its first office in India in November 2025.
The move is in response to growing demand for advanced flood risk modelling and data solutions from the insurance and financial services sectors across India as the country grapples with the increasing impact of climate-related risks.
India’s property insurance segment is performing strongly, with industry analysts forecasting a compound annual growth rate of around?8.3?% through?2028. The banking sector is also increasingly recognising the impact of climate-related risks - particularly flood - as a major contributor to non-performing assets. A host of planned transformative infrastructure projects for example will also need comprehensive feasibility studies and environmental risk assessments, an area that JBA has a strong reputation and capability in.
JBA Risk Management managing director Ms Mansi Kalra, who is presently 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. “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,” she said.