SBI General Insurance Appoints Udayan Joshi as Chief Technical & Claims Officer

Mumbai, 10th July 2024– SBI General Insurance, one of India’s leading general insurers, has announced the appointment of Mr. Udayan Joshi as the Chief Technical & Claims Officer. In his new role, Mr. Joshi will play a pivotal role in shaping and executing strategic underwriting & reinsurance initiatives aimed at ensuring sustainable profitability. He will also lead the Claims function, focusing on delivering best-in-class, hassle-free claim services to customers.

Mr. Joshi is a seasoned BFSI professional with almost two decades of extensive experience in the insurance industry. Prior to his current role at SBI General Insurance, Mr. Joshi held significant roles at Liberty General Insurance and ICICI Lombard. His extensive experience spans various functions within the General Insurance sector, where he has made notable contributions in areas such as underwriting & pricing, claims management, reinsurance, operations & customer experience.

Mr. Joshi holds a graduate degree in Commerce and is a qualified Chartered Accountant (ICAI) & Company Secretary (ICSI). Further, his post qualification specialization in Insurance & Risk Management from ICAI, underscores his proficiency in the field.

Mr. Naveen Chandra Jha, MD & CEO, SBI General Insurance, “We are delighted to welcome Mr. Udayan Joshi to SBI General Insurance family. His extensive experience and proven track record in the insurance industry make him an invaluable addition to our leadership team. We are confident that Mr. Joshi’s expertise will greatly enhance our ability to provide exceptional insurance solutions and drive sustainable growth for the company.”

On his appointment Mr. Udayan Joshi said, “I’m excited to join SBI General Insurance as the Chief Technical & Claims Officer. I look forward to collaborating with the team to further enhance our technical capabilities and claims management processes, adding significant value to the lives of our customers and stakeholders.”

Mr. Joshi’s appointment comes at a time when SBI General Insurance is focusing on strengthening its technical and claims capabilities to better serve its customers and stakeholders. His expertise and vision will be pivotal in driving the company’s strategic initiatives and ensuring its continued growth and success.

About SBI General Insurance

SBI General Insurance one of the fastest-growing private general insurance firms, backed by the robust support of SBI upholds a legacy of trust and security. We position ourselves as India’s most trusted general insurer amidst a dynamic landscape. Since our establishment in 2009, our expansion has been substantial, growing from 17 branches in 2011 to a nationwide presence of over 143 branches. In FY 2023-24, SBI General Insurance achieved significant growth, with a notable 17% increase in Gross Written Premium (GWP), reaching INR 12,731 crores.

The company has also received notable accolades including the ‘Domestic General Insurer of the Year’ – India at the Insurance Asia Awards 2023 in Singapore, recognition as one of the Best Brands 2023 at the ET Edge Best Brands events and being honoured as one of the Best BFSI Brands at the ET Now Best BFSI Brands Conclave 2024. We have also received recognition as the runner-up for Highest Growth – General Insurance at the ASSOCHAM 15th Global Insurance Summit & Awards and were named the winner in the ‘Best Large General Insurer’ category at the Mint BFSI Summit & Awards 2023.

With a team of 8,000+ employees and our multi-distribution model covering Bancassurance, Agency, Broking, Retail Direct Channels, and Digital collaborations, we are committed to providing both Suraksha and Bharosa to all our consumers. Leveraging a vast network of over 22,518+ SBI branches, agents, financial alliances, OEMs, and digital partners, we extend our services to even the most remote areas of India. Our offerings cater to Retail, Corporate, SME, and Rural segments, and our diverse product portfolio ensures accessibility through both digital and physical channels.

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