Tapan Singhel

MD & CEO

https://support.bajajallianz.com/mytake/

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. He has been the President of Indo-German Chamber of Commerce and is now a board member. Under his leadership, the company has emerged as one of the largest and 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 lives of people in whatever little way he can. 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. Under his able leadership, Bajaj Allianz General Insurance has transformed the distribution of insurance by being the first company in the country to start Bancassurance. He also envisaged and implemented, Virtual Sales Office, which is a 100% digital office. Addressing customer worries is what drives him to ideate and implement innovative products and services. For instance, settling motor claims in a matter of minutes with the help of Motor OTS, taking care of new-age cyber risk through Bajaj Allianz Individual Cyber Safe Policy, industry’s first Pet Dog Insurance policy and introduction of Health Infinity, a health insurance policy with unlimited sum insured. His leadership has been recognized across the globe. He was honoured 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 and was recognized as the Most Promising Business Leaders of Asia 2018 by The Economic Times. 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, 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.

Displaying stories 1-13 of 13 in total
Shutterstock
Community//

How to Find Yourself When You Feel Lost

by Tapan Singhel
Shutterstock
Community//

Less Is More

by Tapan Singhel
Shutterstock
Community//

Self-Awareness Is the Key to Becoming a Good Leader

by Tapan Singhel
Photo by Alysha Rosly/ Unsplash
Mental Health//

Stop Second Guessing Yourself

by Tapan Singhel
Photo by Jen Theodore/ Unsplash
Wisdom//

Have You Listened to Yourself Lately

by Tapan Singhel
Photo by Harley-Davidson/ Unsplash
Wisdom//

The 2 Cs of Freedom: Compete without Comparison

by Tapan Singhel
Kindness Contagion. Image created by Adam Niklewicz/ Unsplash. Submitted for United Nations Global Call Out To Creatives - help stop the spread of COVID-19.
Well-Being//

The More You Give, The More You Prosper

by Tapan Singhel
Photo by Freepik
Well-Being//

My Daughters Are My Influencers

by Tapan Singhel
While the aggressive and abusive leadership style may work at first, it does not stand the leader or the company in good stead in the long run. The demotivating factor for the team in contact with such a leader is another fallout. Photo by Yanalya/ Freepik
Thrive at Home//

From EQ to Empathy Quotient: Practising the Pause in Life and Leadership

by Tapan Singhel
Take periodic breaks to recharge. Photo by Yanalya/ Freepik
Thrive at Home//

Take Care of Yourself, it is the Key to Motivation and Productivity at Work

by Tapan Singhel
Photo by Moose Photos from Pexels
Wisdom//

Why Your Gut May Be Right and Your Boss May Be Wrong

by Tapan Singhel
Photo by mentatdgt from Pexels
Productivity//

The Secret to Running a Successful Business: Be Genuinely Interested in Your Employees’ Happiness

by Tapan Singhel
Photo by Markus Spiske on Unsplash
Purpose//

Embrace Leadership to Become a Successful Leader

by Tapan Singhel