IndusInd General Insurance Gets a New Captain: Sharad Mathur Named MD & CEO
IndusInd General Insurance appoints Sharad Mathur to lead the company as MD and CEO, bringing a new leadership focus to its next phase of growth.
IndusInd General Insurance has named Sharad Mathur as its new Managing Director and CEO, marking a key leadership change at the insurer.
NEW DELHI – IndusInd General Insurance Company Limited has a new chief executive. The insurer, formerly Reliance General Insurance and part of the IndusInd International Holdings Limited (IIHL) Group, today announced the appointment of Sharad Mathur as Managing Director & CEO. The appointment follows the required statutory approvals.
Mathur arrives with about thirty years in insurance and financial services. His record covers organisational transformation, distribution expansion, technology-led innovation, growth and governance. Those are the areas the company says will define its next chapter.
IndusInd General Insurance: A Career Built at the Formative Stages of India’s Private Insurers
Mathur joins IndusInd General Insurance from Universal Sompo General Insurance. He served there as Managing Director & CEO for more than six years. The company says he led its transformation and strengthened its distribution, risk management and underwriting discipline. He also built up its technology-led customer servicing capabilities.
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Earlier, he held leadership positions at SBI General Insurance and ICICI Lombard. He is credited with contributing to the growth of both companies from their formative stages. That experience of scaling an insurer from the ground up is likely to matter in his new role.
IndusInd General Insurance – Priorities: Customer Experience, Distribution and Digital
At IndusInd General Insurance, Mathur will lead the company’s next phase of transformation and growth. The stated focus areas are:
Customer centricity: improving the experience customers have across the policy lifecycle.
Digital innovation: building a resilient, technology-enabled organisation.
Insurance inclusion: widening access to protection.
Profitable growth and strong governance: growing the business with sound controls.
Distribution partnerships: strengthening ties with the channels that bring in business.
The company said his appointment reinforces its commitment to a “stronger, more accessible and customer-centric insurance business”. It also said it wants to create sustainable long-term value for customers, partners and stakeholders.
IndusInd General Insurance – Credentials and Governance Background
Mathur is a Fellow Member of the Institute of Directors and a Member of the Institute of Internal Auditors, India. He has also completed executive leadership and compliance programmes at the University of Pennsylvania, the Indian School of Business, Harvard Business and the Indian Institute of Corporate Affairs. His profile therefore combines operating experience with grounding in governance and compliance.
About IndusInd General Insurance
IndusInd General Insurance Company Ltd, formerly Reliance General Insurance Company Ltd, is part of the IIHL Group. The company describes itself as one of India’s leading general insurers. Its products include motor, health, travel and home insurance, with customised solutions for retail, corporate and SME clients. It reports a network of more than 1,20,000 intermediaries and 128 branches across India.
