As the MD & CEO of Bajaj Allianz General Insurance and with 25 years of mammoth business experience to his credit, Tapan Singhel is one of the most prosperous and accomplished intrapreneur shinning in the insurance industry of India.
He has been associated with Bajaj Allianz General Insurance since its inception in 2001 and over the years has grown up through the ranks to become its MD & CEO in the year 2012. He has been the longest serving MD & CEO of the company and has been re-appointed to lead the organization for the next 5 years. Before becoming the MD and CEO, Tapan was the chief marketing officer at Bajaj Allianz General Insurance, heading all retail channels and territories.
In the last 5 years under his leadership the company has emerged as the most profitable private general insurer in the country. Since he took over as the MD & CEO revenues have grown at a CAGR of 17% and the profits have increased at a CAGR of 25%.
Awarded as The ET Most Promising Business Leaders of Asia 2018, Personality of the Year Award at the Indian Insurance Summit, he was also chosen as the CEO of the Year by the Insurance Asia Awards 2016, making him the only CEO to be bestowed with the honor among all his peers in the Asian BFSI industry.
His vision of an ideal India 20:20 is to reach to the most inaccessible areas of India with general insurance solutions for the masses, simultaneously generating employment opportunities for millions of Indians. He aims at facilitating India’s economic growth by strengthening the insurance sector