Mr. 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 is the Chairman GI-Council, and he also chairs the CII National Committee on Insurance and Pensions. He is a Member of the Insurance Advisory Committee (IAC) of IRDAI. He is also a Board Member of the Institute of Insurance and Risk Management (IIRM). 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 insurance company in the country ensuring growth, profitability, and customer-centricity.
A deep sense of empathy, customer obsession, and passion to do good for the people are what drive Tapan and his success in the industry. A scientist by education, but an 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 toward innovating to enhance customer service standards.
As an inspiring leader, he has received numerous accolades and recognition for his outstanding work. His leadership and contribution have been recognized not only in India but also around the globe, he was awarded the CEO of the Year award at the BFSI Leadership Awards 2022, and he was bestowed with the Economic Times’s Most Promising Business Leaders of Asia 2022- 23 Award. He won the ‘Lifetime Achievement Award’ at the 25th Asia Insurance Industry Awards 2021. He has won ‘CEO of the Year’ for India and Asia-Pacific region at the IDC Future Enterprise Awards 2021. He was honored 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 also holds the title of Honorary Professor of Practice from Chandigarh University.
By always imbibing the principle of empathy towards customers and employees, he has been instrumental in the organization being recognized on various forums not only in India but also across the globe. The organization received the prominent General Insurance Company of the Year award at the 27th Asia Insurance Industry Awards, Non-Life Insurer of the Year award at the Outlook Money Awards 2021, Best Organization for Women 2023 by Economic Times, Best Digital Insurer in Asia for IDC Financial Insights Innovation Awards 2021, to name a few.
Beyond his achievements within the insurance realm, Tapan is recognized for his thought leadership and mentorship of young professionals across the industry. He has actively contributed to various industry associations, shaping policies, and promoting transparency and inclusivity. His efforts have been instrumental in promoting insurance literacy and awareness among the masses. Tapan is working hard towards the single-minded goal of ensuring insurance protection for every citizen of the country. For this, he has continuously engaged with regulators, the government, and the industry at large.
Tapan is known for his ‘Communicative Leadership’ style, where he believes in engaging regularly with employees and customers through social media. He has over 6.6 lakh followers on Linkedin. He has been recognized as LinkedIn’s Top Voice in India in both 2018 and 2019. His profile has been featured in the LinkedIn Power Profiles India list from 2015-2018. He is a passionate blogger who regularly shares his insights on a diverse range of subjects, spanning from science to philosophy, finance to mental health, insurance to spirituality, and leadership. Through his blog, he eloquently conveys his thoughts and experiences, aiming to disseminate knowledge and provide value to others. These blog posts are widely circulated on social media, gathering a substantial readership and engagement.
With his wealth of experience and profound expertise, he has revolutionized the General Insurance landscape in India. His visionary outlook, unwavering passion, and effective leadership have made a lasting impression, motivating a fresh cohort of insurance professionals and influencing the trajectory of the sector.
Interests – Insurance and Risk Management, Insurance Education, Mentoring young professionals, Spiritualism
