The 20th Asia Insurance Industry Awards held in conjunction with the 28th East Asia Insurance Congress concluded recently in Macau.
The Personality of the Year award went to G Srinivasan, CEO of The New India Assurance Company, a true trail blazer and pioneer for his dedication and hands-on passion in being the key visualiser of the strategies and driver of his organization’s success.
Founded by the prestigious TATA Group, New India Assurance has been the largest General Insurance Company of India. With its Head Office in Mumbai it is wholly owned by Government of India. In its 98th year of operation, New India Assurance operates in 28 countries across the globe.
Mr. Srinivasan is credited with having turned New India Assurance around as a profitable power house in India. It has won several accolades and awards too, including Best Health insurer and for consistent performance in financial sector. With New India Assurance crossing the Rs.10, 000 crore (US$1.49 billion) mark in shareholders’ funds in 2013, he established the company’s market leadership with aplomb and supremacy in financials. He is also active with the Insurance Cells and Divisions of several trade and industry bodies like CII, ASSOCHAM and FICCI.
In Kuwait, New India Assurance is one of the oldest General Insurance Company operating since early 1953. It is tied up with the prominent business house of Kuwait M/s Behbehani Group.