Liberty General Insurance coverage revealed the visit of Parag Ved as its Director & & CEO Designate, reliable from September 20, 2023. Prior to signing up with Liberty, he was the President of customer lines at Tata AIG General Insurance Coverage. Parag Ved handles the function following the retirement of Roopam Asthana.
In a profession that has actually covered over 24 years, Parag Ved has actually devoted practically 20 years specifically to the insurance coverage market, holding senior management functions in prominent companies consisting of ICICI Lombard General Insurance Coverage. Understood for his devotion to development and quality and his know-how in handling numerous tactical channels, Parag Ved has actually showcased his expertise in the basic insurance coverage market.
” Ved’s trajectory in the insurance coverage sector has actually showcased his capability to drive sustainable development by innovating and customizing items to the distinct needs of the Indian market. His period with market stalwarts amply shows his efficiency and effectiveness in handling varied tactical channels,” the business stated in a declaration.
Parag Ved holds a bachelor’s degree in Electronic devices Engineering from K.J Somaiya College of Engineering, Mumbai, and a master’s in management from SVKM’s Narsee Monjee Institute of Management Research Studies (NMIMS).
Defne Turkes, President– Asia Retail Markets, Liberty Mutual Insurance coverage, stated, “We are delighted to invite Mr. Parag Ved to Liberty General Insurance Coverage. His huge experience and his visionary method distinctively place him to lead the future of Liberty General Insurance Coverage in India. His addition not just marks the dawn of an interesting brand-new chapter however likewise enhances our undeviating devotion to using top-tier insurance coverage services to our clients. We anticipate his contributions and developments that will definitely move the business to more recent heights and attain sustainable rewarding development.”
Parag Ved, Director & & CEO designate, Liberty General Insurance coverage, stated, “As the market goes through quick improvements, my focus will be on utilizing development, enhancing functional performance, and enhancing stakeholder engagement. Even more, leveraging a data-driven method would stress continuously refining and broadening the item offerings to line up with consumer requirements and market requirements. I am eagerly anticipating working carefully with the group. Together, I think we can make a substantial contribution towards taking Liberty to brand-new heights. As we advance, the dedication stays unyielding to likewise line up techniques and operations with the regulator’s objective of accomplishing extensive insurance protection throughout the country by 2047.”
Liberty General Insurance coverage is a joint endeavor in between Top Asia Financial Investment Holdings PTE Ltd and Diamond Dealtrade. The business has a staff member strength of 1100+ with an existence throughout 100+ areas in 28 states and UTs. Its partner network consists of about 6,000+ health centers and over 5,000 automobile service centers.