Search

For more information about IBH Forex Broker company profile, come to WikiBit!

Rating Index

WikiFX Detection

Business

Influence D

Risk Control

Risk Manage

IBH Company

  

IBH Company: A Comprehensive Overview

  

1. Company Overview

  

Founding Date and Background

  IBH Company, also known as Insurance Brokerage House, was founded in 1986. The firm has established itself as a leading insurance and reinsurance brokerage firm, primarily operating in the Middle East and Africa. Its focus is on providing tailored insurance solutions and risk management services to a diverse clientele.

  

Parent Company/Ownership Structure

  IBH operates as a private entity and is part of a larger network known as GBN Worldwide, which comprises independent insurance brokers. This network enhances IBH's capabilities by providing access to a global pool of resources and expertise.

  

Headquarters Location

  The headquarters of IBH is located in Jeddah, Saudi Arabia. The company also maintains offices in Al Khobar and Riyadh, allowing it to service clients across the Kingdom and beyond.

  

Global Business Scope

  IBH serves clients in over 12 countries and manages more than $1.5 billion in premiums annually. The company has developed a robust presence in various sectors, including healthcare, hospitality, marine, energy, utilities, and engineering.

  

Main Regulatory Bodies

  IBH is regulated by various financial authorities, ensuring compliance with industry standards. In Malaysia, IBH operates under the Labuan Financial Services Authority (LFSA), which oversees its trading activities.

  

2. Company History and Development

  

Key Milestones

  • 1986: IBH was established in Jeddah, Saudi Arabia, marking its entry into the insurance brokerage market.
  • 2009: IBH expanded its operations to Malaysia, where it registered as IBH Investment Bank Limited, regulated by the LFSA.
  • 2014: The company enhanced its trading capabilities by offering forex and CFD trading services.

  

Business Expansion Journey

  IBH has strategically expanded its operations across the Middle East and Africa, establishing a strong network of offices and partnerships. This expansion has allowed the company to cater to a growing customer base, including multinational corporations and government entities.

  

Customer Base Growth

  IBH has successfully served over 120 listed organizations and numerous multinational blue-chip companies. Its commitment to customer service and tailored solutions has contributed to a client retention rate of 96%.

  

Platform Development History

  The company has continually evolved its service offerings to include modern trading platforms for forex and CFD trading. This development has positioned IBH as a competitive player in the financial services sector.

  

Important Awards or Recognitions Received

  While specific awards were not detailed in the available information, IBH's reputation as a trusted brokerage firm in the insurance and reinsurance sectors reflects its commitment to excellence and client satisfaction.

  

3. Trading Services Offered

  

Forex Trading Options

  IBH offers a range of forex trading options, providing access to a variety of currency pairs. Specific details on the number of currency pairs available were not disclosed, but the firm's trading platform supports major and minor currency pairs.

  

Stock Trading Options

  Currently, IBH does not appear to offer stock trading services. Its primary focus remains on forex and CFD trading.

  

CFD Trading Products

  IBH provides contracts for difference (CFDs), allowing clients to trade on the price movements of various underlying assets without owning the asset itself. This includes commodities and indices, although specific product details were not provided.

  

Other Financial Instruments

  • Cryptocurrencies: IBH does not currently offer trading in cryptocurrencies.
  • Commodities: Available for trading through CFDs.
  • Indices: Also available for trading through CFDs.

  

Special Services or Unique Advantages

  IBH prides itself on its client-centric approach, offering personalized risk management solutions tailored to individual client needs. The company emphasizes a disciplined and adaptive corporate culture, which enhances its service delivery.

  

  

Detailed Regulatory Information

  IBH is regulated by:

  • Labuan Financial Services Authority (LFSA): In Malaysia, which oversees its operations as a market maker.
  • Other relevant regulatory bodies in the regions where it operates.

  

  • Saudi Arabia: IBH operates as an insurance brokerage firm.
  • Malaysia: Registered as IBH Investment Bank Limited under the LFSA.

  

Client Fund Protection Measures

  IBH adheres to strict compliance standards, ensuring that client funds are protected and managed according to regulatory requirements. Specific measures for fund protection were not detailed in the available information.

  

Countries/Regions Served

  IBH operates primarily in the Middle East and Africa, with services extending to clients in various territories globally.

  

Compliance History

  IBH maintains a strong compliance framework with no significant regulatory issues reported. The companys governance structure is reviewed annually, ensuring ongoing adherence to best practices.

  

5. Competitive Landscape

  

3-5 Main Competitors

  • Aon plc
  • Marsh & McLennan Companies
  • Willis Towers Watson
  • Arthur J. Gallagher & Co.

  

Positioning in the Industry

  IBH positions itself as a leading insurance and reinsurance brokerage firm in the Middle East and Africa. Its affiliation with GBN Worldwide enhances its competitive edge by providing access to a global network of insurance professionals.

  

Market Differentiation Factors

  IBH differentiates itself through:

  • A strong focus on client relationships and personalized service.
  • A comprehensive range of risk management solutions tailored to diverse industries.
  • Access to a global network of resources through GBN Worldwide.

  In summary, IBH Company has established itself as a reputable player in the insurance and reinsurance brokerage sector, with a commitment to client service and a robust regulatory framework. Its strategic expansion and diverse service offerings position it well for continued growth in the financial services industry.

  Back to top

  For more information about IBH Company, please learn more.