Tapan Singhel has a rich experience in the insurance industry of more than 25 years and has been heading Bajaj Allianz General Insurance for 7 years. He has won numerous accolades, to name a few, 'Personality of the Year' at the India Insurance Summit & Awards 2019, 22nd Asia Insurance Industry Awards 2018 and Indian Insurance Summit 2017. He has been featured as ‘LinkedIn Top Voice in India’ consecutively for the past two years. He has also been recognized as the ‘Most Promising Business Leader’ of Asia at The Economic Times Global Business Summit 2018.
While the industry has incurred a cumulative underwriting loss of Rs. 72,000 crore in the past 6 years, Bajaj Allianz General Insurance has made a cumulative underwriting profit of Rs. 310 crore under Tapan’s able leadership. Since he took over, the company has expanded its footprint in over 1000 new markets through its “phygital presence” boosting its revenues at a CAGR of 21% and profits at a CAGR of 49%.
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 lives of people in whatever little way he can. His belief is to live in the moment and cherish it. Tapan has not only transformed the company but has also been a trendsetter in the insurance industry by always taking the first leap towards innovating to enhance the customer service standards. He has made it a habit of being an industry first at initiatives that keep taking the insurance industry forward.
By always imbibing the principle of empathy towards customers and employees, he has been instrumental in the organisation being recognised on various forums. To name a few, Domestic General Insurer of the Year – India at Insurance Asia Awards 2019; General Insurance Company of the Year at 4th Annual Insurance Summit & Awards 2019; Digital Insurer of the Year twice at 22nd and 23rd Asia Insurance Industry Awards; Best Motor Insurance Provider of the Year 2019 at Money Today awards; India’s Leading Private General Insurance Company 2019 by Dun & Bradstreet and the Most Iconic Brand of India 2018 by The Economic Times.