Universal Sompo General Insurance Company
Limited has announced the appointment of Sharad Mathur as its Managing Director
& CEO
Sharad Mathur has been appointed as Managing Director & CEO
of Universal Sompo General Insurance Company Limited w.e.f. 2nd June
2020. He will lead the company's overall operations and report to the Board of
Directors. Sharad is a seasoned business leader and brings over 23 years of
extensive experience and a strong track record of building scale and profitable
general insurance businesses.
Universal
Sompo is a joint venture between Indian Bank, Indian Overseas Bank, Karnataka
Bank, Dabur Investments Corporation and Sompo Japan Insurance. Universal Sompo
employs over 1,000 employees and has 86 offices across India.
"We
are glad to have Sharad on board as we plan to drive the next phase of
development of Universal Sompo.
Under Sharad's leadership, company aims to
develop a capability to deliver more innovative products, re-engineered
distribution architecture and significant improvements in productivity,”
said Padmaja Chunduru, Managing Director & CEO, Indian Bank.
On
his appointment, Sharad said, "It has been a fulfilling
journey in the general insurance sector wherein we have achieved many
milestones together and will definitely achieve many more. I am thankful to the
board of Universal Sompo for having faith in me and I am looking forward to
working with all stakeholders to accelerate the company's expansion. Together,
we will leverage our ability to innovate, with sharp customer focus which will
remain at the heart of our DNA as we continue to build a great service platform
for our customers and channel partners.”
"India
is a rapidly-growing market for our business in Asia. Sharad's understanding of
Indian market and general insurance business, combined with his expertise in
sustainable business expansion and digital technologies, will be a huge asset
for Universal Sompo." said Daniel Neo, Regional Chief Executive
Officer of Sompo Holdings (Asia) Pte. Ltd.
Sharad
has been employed with SBI General Insurance Company Limited in different roles
since its inception in the year 2009, and finally as Head - Distribution till
July 2019, appointed as a KMP by the Board of Directors of the Company.
Prior
to joining Universal Sompo, Sharad had a specific stint in a new General
Insurance project, developing business structure and long-term strategy for a
proposed venture. Earlier, he has been employed with ICICI Lombard General
Insurance Company Limited, since its inception, in the year 2001, in various
regional and national leadership roles. In the past, he has worked with large
diversified manufacturing organizations, including, MRF, Bharat Shell and
Reliance Retail.
He
holds a Bachelor’s degree from Delhi College of Arts and Commerce, University
of Delhi; Completed Post-Graduation Program in Management with a specialization
in Marketing; 'Certification Programs in Leadership and Management
from Indian School of Business and Harvard.
Sharad
has been a key-note speaker and panelist in international insurance summits,
being held in parts of Asia, South Africa and Europe.
He
has been conferred with awards such as '50 Most Talented Retail Professionals
of India' by CMO Asia and '50 Most Influential Digital Media Professionals' by
World Marketing Congress.
Sharad added, "The current
environment has made the safety of our customers, partners, vendors and
colleagues, our top most priority. We are making our best efforts and certain that together, all of
us will get through these challenging times!"
