An IFSC Insurance Intermediary Office, or IIIO, is the registration used by insurance brokers and other intermediaries operating from GIFT City. Where an insurance office carries the risk, an intermediary places and services it.
What it is, in simple words
An IIIO is a licensed distribution and advisory operation for insurance business inside the IFSC. It arranges cover, negotiates terms, advises clients and services claims — without underwriting risk itself.
Who typically registers one
- Indian and international insurance and reinsurance brokers
- Specialty broking teams in marine, aviation, energy and financial lines
- Third-party administrators, surveyors and other permitted intermediary categories
What an intermediary office can do
Depending on the category registered, activity includes direct broking, reinsurance broking, composite broking, advisory work and permitted servicing functions for clients placing risk through the IFSC.
Why intermediaries choose GIFT City
- Access to insurers, reinsurers and cedants operating in one hub
- Foreign-currency placements and settlements
- A single regulator for insurance intermediation in the IFSC
- Lower cost of establishment than most offshore broking hubs
Broad requirements at a glance
- A company, LLP or branch registered as a unit in the GIFT SEZ
- Registration with IFSCA under the IFSCA (Insurance Intermediary) Regulations, 2021
- Net worth or deposit requirements and a qualified principal officer, depending on category
- Professional indemnity cover, conduct-of-business rules and periodic reporting
Questions people usually ask
Can an existing Indian broker use its current licence? No. IFSC intermediation needs its own registration for the unit inside GIFT City.
Can an IIIO place risk with insurers outside the IFSC? Yes, within the limits the regulations set for each category.
Does it need qualified staff on site? Yes — a principal officer with the prescribed qualifications, plus adequate staffing and infrastructure.
Where to go next
Run our eligibility and fit check, read the detailed insurance intermediary guide, or look up registered intermediaries in the entity directory.
