Bajaj Allianz Common Insurance coverage on Monday introduced a five-year tenure extension of its managing director and CEO Tapan Singhel.
The brand new time period might be efficient from April 1, 2022, Bajaj Allianz Common Insurance coverage mentioned in a remark.
Underneath Singhel’s management, the corporate has emerged as one of the crucial greatest and maximum successful personal basic insurers within the nation making sure expansion, profitability and customer-centricity, it mentioned.
In his decade-long stint because the MD and CEO, the corporate has completed a cumulative underwriting benefit of greater than Rs 350 crore, grew its income at a CAGR (compound annual expansion charge) of 16 p.c, grew its internet benefit (PAT) at a CAGR of over 30 p.c with a double expansion in solvency ratio from 156 p.c to about 350 p.c.
(With PTI inputs)
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Printed on: Monday, March 14, 2022, 02:19 PM IST