Satishwar Balakrishnan, MD & CEO, Aegon Life
Mumbai:
Aegon Life Insurance, digital-only life insurance company, elevated Satishwar Balakrishnan to be the managing director & chief executive officer (MD & CEO).
Satishwar, who joined the company in July 2019 as chief financial officer, will spearhead Aegon Life’s transformation into a digital-only life insurance company.
The company has defined a new vision to be at the forefront of the digital insurance wave and use technology to redefine its strategy. By simplifying the customer experience and digitizing all processes, the company is set to become entirely contactless, from policy issuance, to claims, settlement and renewal.
Balakrishnan, on his appointment, commented, ““Our pioneering foray into digital has been validated over the years and especially in the current scenario where the rest of the industry is now shifting its focus on digital processes. My focus will be on advancing our ‘Do-it-yourself’ insurance solutions and make them available at affordable costs and to make our entire insurance portfolio a one-click solution for our customers,” added Balakrishnan on his new role.''.
Satishwar brings with him a rich experience of close to two decades in the insurance and finance Industry.
Prior to joining Aegon Life, he has worked with IndiaFirst Life, Reliance Life and ICICI Prudential Life.
He is a chartered accountant by qualification.