Ved was the second official from Tata AIG General to become a CEO of another domestic general insurer after Amit Ganokar,also from Tata AIG General, had joined Chennai based Royal Sundram General Insurance as its MD & CEO a few months back
MUMBAI:
Liberty General Insurance on Wednesday announced the appointment of Parag Ved as its Director & CEO Designate, effective from Thursday, succeeding Roopam Asthana, who retired after over a 12-years stint in the company.
Prior to joining Liberty, Ved was the president of consumer lines at Tata AIG General Insurance.
Ved was the second official from Tata AIG General to become a CEO of another domestic general insurer after Amit Ganokar, also from Tata AIG General Insurance, had joined Chennai based Royal Sundram General Insurance as its MD & CEO a few months back.
In a career that has spanned over 24 distinguished years, Ved has dedicated almost two decades exclusively to the insurance industry, holding senior leadership roles in ICICI Lombard General Insurance.
Defne Turkes, President – Asia Retail Markets, Liberty Mutual Insurance, said, “Parag’s inclusion not only marks the dawn of an exciting new chapter but also reinforces our unwavering dedication to offering top-tier insurance solutions to our customers. We look forward to his contributions and innovations that will certainly propel the company to newer heights and achieve sustainable profitable growth.”
Ved said,“ as the industry undergoes rapid transformations, my focus will be on harnessing innovation, reinforcing operational efficiency, and optimizing stakeholder engagement. Further, leveraging a data-driven approach would emphasize continually refining and expanding the product offerings to align with customer needs and industry standards. ”.
Ved holds a bachelor’s degree in Electronics Engineering from K.J Somaiya College of Engineering, Mumbai, and a master’s in management from SVKM’s Narsee Monjee Institute of Management Studies (NMIMS).