Mr. Shyam Agarwal, Associate Editor, The Insurance Times spoke with Mr. Satyajit Tripathy, CMD, United India Insurance. Here are some excerpts from the Interview:
About Shri Satyajit Tripathy
Government of India has appointed Shri Satyajit Tripathy on 4th September 2021 as Chairman-cum-Managing Director of United India Insurance Company Limited, the second largest Public Sector General Insurance Company.
A graduate of College of Agriculture - OUAT, Shri Tripathy completed his PGDM from XIMB. He joined the General Insurance Corporation of India (GIC) in 1988 as a Direct Recruit Officer and worked across East, North and Western Regions. From 2002-2006, he served in the newly formed Agriculture Insurance Company of India at New Delhi.
In GIC, he worked across various Departments like Investment, Crop Insurance, Motor, Marine, Aviation, Miscellaneous, HR & Training and Investor Relations. He was Chief Investment Officer at GIC from 2015-2018.
He was elected as Director & General Manager of The New India Assurance Company Ltd, in August, 2021.
He has travelled overseas extensively in matters relating to Reinsurance.
Q. IRDAI under its new leadership has been very proactive over the last few months to promote the growth of Insurance sector and reduce regulatory compliance. Do you think insurance industry is poised for transformation in coming days?
The kind of reforms and the speed at which these reforms have been introduced is a clear indication of the Regulator trying to make it easier for new entrants to come in which will mean more capital to fuel the growth of the insurance industry.
This story is from the May 2023 edition of THE INSURANCE TIMES.
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This story is from the May 2023 edition of THE INSURANCE TIMES.
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