Tapan Singhel gets 5-year extension as Bajaj Allianz General Insurance's MD & CEO

AgenciesUpdated: Monday, March 14, 2022, 02:19 PM IST
article-image
Tapan Singhel's new term will be effective from April 1, 2022, Bajaj Allianz General Insurance said. | @tapansinghel

Bajaj Allianz General Insurance on Monday announced a five-year tenure extension of its managing director and CEO Tapan Singhel.

The new term will be effective from April 1, 2022, Bajaj Allianz General Insurance said in a statement.

Under Singhel's leadership, the company has emerged as one of the largest and most profitable private general insurers in the country ensuring growth, profitability and customer-centricity, it said.

In his decade-long stint as the MD and CEO, the company has achieved a cumulative underwriting profit of more than Rs 350 crore, grew its revenue at a CAGR (compound annual growth rate) of 16 percent, grew its net profit (PAT) at a CAGR of over 30 percent with a double growth in solvency ratio from 156 percent to about 350 percent.

(With PTI inputs)

(To receive our E-paper on whatsapp daily, please click here. To receive it on Telegram, please click here. We permit sharing of the paper's PDF on WhatsApp and other social media platforms.)

RECENT STORIES

Nitin Gadkari, Shivraj Singh Chouhan dropped, major reshuffle in BJP parliamentary panel

Nitin Gadkari, Shivraj Singh Chouhan dropped, major reshuffle in BJP parliamentary panel

Daily Horoscope for Thursday, August 18, 2022, for all zodiac signs by astrologer Vinayak Vishwas...

Daily Horoscope for Thursday, August 18, 2022, for all zodiac signs by astrologer Vinayak Vishwas...

Watch: Opposition raises slogans against Shinde govt before start of monsoon session

Watch: Opposition raises slogans against Shinde govt before start of monsoon session

Navi Mumbai: Lucky winners of precautionary doses get awards on August 15

Navi Mumbai: Lucky winners of precautionary doses get awards on August 15

Large explosion hits mosque in Kabul, killing at least 30 people: Report

Large explosion hits mosque in Kabul, killing at least 30 people: Report
epaper
Do you wish to receive daily Epaper on your WhatsApp for FREE?
NO
Yes