Tapan Singhel

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Tapan Singhel
Tapan-singhel.jpg
Born (1966-08-12) 12 August 1966 (age 56)
Varanasi, Uttar Pradesh, India
NationalityIndian
Alma mater Banaras Hindu University
OccupationInsurance Professional
Employer Bajaj Allianz General Insurance Co. Ltd.
TitleMD & CEO, Bajaj Allianz General Insurance Co. Ltd.
SpouseSangeeta Singhel (married 1992-present)
ChildrenNeelashma Singhel, Tushita Singhel
Parent(s)Ran Bahadur Singh, Shobha Singh
Website https://www.bajajallianz.com/ceo-blog.html

Tapan Singhel born 12 August 1966 in Varanasi has been the Managing Director (MD) and Chief Executive Officer (CEO) of Bajaj Allianz General Insurance since April 2012.

Contents

Career

Tapan started his career with New India Assurance Company Limited as a direct officer in 1991. He has handled portfolios as varied as accounts, IT, underwriting, claims, marketing, sales, etc. throughout his career.

He has recently taken over as Chairman of the Confederation of Indian Industry (CII) National Committee on Insurance & Pensions 2020-21.He was also the president of the Indo-German Chamber of Commerce and was earlier the vice-president (VP) for the year 2013-14. He was a member of the board of directors for Berkshire India Limited and Berkshire Hathway Services India Private Limited during 2011-12.

Before becoming the MD and CEO, Tapan was the chief marketing officer at Bajaj Allianz General Insurance, heading all retail channels and territories. He has been with Bajaj Allianz since its inception in 2001. Tapan was also involved in various international projects such as setting up a retail business for Allianz in China. He works in Pune.

Under his leadership, the Company has won many awards including Non-Life Insurer of the Year [1] at the Outlook Money Conclave 2020, as well as General Insurance Company of the Year and Customer Service Provider of the Year at the 4th Annual Insurance India Summit & Awards 2019. [2]

In 2019, Tapan spoke with HBR Ascend [3] about how he pivoted from science to insurance, how he derived happiness at work when he was young, and how his idea of happiness at work has evolved over the years. Here are some excerpts of his interview on HBR Ascend.

Tapan Singhel has a rich experience in the insurance industry of more than 30 years. He has been with Bajaj Allianz General Insurance for over 20 years and is the Company’s MD & CEO for close to 10 years. He also chairs the CII National Committee on Insurance and Pensions. Under his leadership, the company has emerged as the most profitable private general insurer in the country ensuring growth, profitability and customer-centricity. Since he took over, the Company has achieved a cumulative underwriting profit of ₹ 554 crore, grew its revenues (GWP) at a CAGR of 15.1% and profits (PAT) at a CAGR of 20.7%. Customer obsession and passion to do good for the people are what drives Tapan and his success in the industry. A scientist by education, but insurer at heart he works towards making a difference in the

His leadership has been recognized across the globe. He was honored as the 'Personality of the Year' at Quantic’s BFSI Excellence Awards 2021, India Insurance Summit & Awards 2019, 22nd Asia Insurance Industry Awards 2018 and Indian Insurance Summit 2017. He was also awarded the title of Best CEO at Insurance Asia Awards. By always imbibing the principle of empathy towards customers and employees, he has been instrumental in the organization being recognized on various forums. To name a few, Best Digital Insurer in Asia for IDC Financial Insights Innovation Awards 2021, Non-Life Insurer Provider of the Year by Outlook Money Awards 2020, Best Motor Insurance Provider of the Year at the prestigious Business Today-Money Today Financial Services Awards 2021. The Company has also won the coveted Porter Prize award under the category of Creating Distinct Value in 2019. Tapan is known for his ‘Communicative Leadership’ style, where he believes in engaging regularly with employees and customers through social media.

Tapan also has his own podcast, where he shares his insights on a wide range of topics, from insurance to entrepreneurship and a lot more.

Education

Tapan's basic education was at La Martiniere for Boys in Kolkata and St. Peters, Agra. As a man of science, he has an M.Sc. Degree in Physics with a specialization in Lasers & Spectroscopy from Banaras Hindu University.

Awards and recognition

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References

  1. ↑ "Awards & Titles Conferred Upon Bajaj Allianz General Insurance Company". www.bajajallianz.com. Retrieved 12 May 2020.
  2. ↑ "4th Annual Insurance Awards 2019". www.insuranceindiasummit.in. Retrieved 12 May 2020.
  3. ↑ "How a Prominent CEO Channels Unlikely Inspiration". hbrascend.org.
  4. ↑ "LinkedIn Top Voices 2019: India".
  5. ↑ "Home". www.asiainsurancereview.com. Retrieved 5 May 2020.
  6. ↑ "LinkedIn Top Voices 2018: India".
  7. ↑ "Celebrating LinkedIn Power Profiles for 2018 in India". www.linkedin.com. Retrieved 5 May 2020.
  8. ↑ http://www.insuranceindiasummit.in/img/post_event_2018.pdf [ bare URL PDF ]
  9. ↑ "Finance | LinkedIn Power Profiles 2017 in India".
  10. ↑ http://www.et-edge.com/conferences/ablc/wp-content/uploads/2019/10/ABLC-Postshow-Report-2016-17.pdf [ dead link ]
  11. ↑ "ABF Insurance Asia Awards 2017 | Asian Banking & Finance". Archived from the original on 26 April 2018. Retrieved 25 April 2018.
  12. ↑ "Finance | LinkedIn Power Profiles in India 2016".
  13. ↑ "Insurance Asia (November 2016)". 23 November 2016.
  14. ↑ India's Most Trusted CEO's 2017. YouTube . Archived from the original on 9 December 2021.
  15. ↑ "India's Most Trusted CEO's 2018 list released by WCRCINT/WCRCLEADERS – WCRCINT+". 4 September 2018. Retrieved 5 May 2020.
  16. ↑ "White Page International releases most admired brands and leaders 2016-17". 23 February 2017.
  17. ↑ "Home". assocham.org.
  18. ↑ "Awards - Asia Pacific HRM Congress".
  19. ↑ "Stars of the Industry".
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