Tag: Satishwar Balakrishnan

Business World

Aegon Life elevates Manish Falor as Chief Financial Officer

Jun 4, 2021 by Rekha Nair 0 Comments #Aegon Life, #Chief Financial Officer, #Manish Falor, #MD & CEO, #Satishwar Balakrishnan

Hyderabad: Aegon Life, a pioneer in digital life insurance, has announced the appointment of Manish Falor as its Chief Financial Officer. In his new role, Manish Falor will lead the company’s finance function with the aim to strengthen the business performance and growth of the company.

Manish joined Aegon Life in 2008. During his professional tenure of nearly two decades, he has led various functions of financial control, reporting, and business planning operations.

Satishwar Balakrishnan, MD & CEO, Aegon Life, commented on the appointment “We are delighted to have Manish take over the new role within the organization. His unique expertise in business planning and proficiency in accounts and financial management has helped us create value among our key stakeholders over the past 12 years. We are certain that Manish, in his new role, will help in Aegon Life’s growth in years to come. His clear vision, and leadership skills will position us for greater success.”

Speaking on his appointment, Manish added, “I am excited to take over the new role at Aegon Life. With the help of advanced technology, innovation, and a fresh approach towards insurance, Aegon Life has paved the way for digital life insurance in India. We have many firsts to our merit when we speak of innovation in the Indian life insurance industry, and we are gearing up to transform the way customers buy life insurance policies in India. It has been an amazing journey so far and I look forward to taking our business transformation to a new level.”

Prior to Aegon Life, he worked with Lovelock & Lewes and Price Waterhouse Coopers (PwC, London), engaging with multiple insurance and investment management clients. Manish is a Chartered Accountant (CA) and a Cost and Works Accountant (CWA) by qualification. He has also completed a management certification program on Digital Disruption in Insurance from INSEAD, France.

Business World

Satishwar Balakrishnan appointed as Aegon Life’s MD & CEO

Feb 11, 2021 by Neel Achary 0 Comments #Aegon Life Insurance, #Chief Executive Officer, #Satishwar Balakrishnan

Hyderabad: Aegon Life Insurance, India’s first digital-only life insurance company, elevated Satishwar Balakrishnan to be the Managing Director & Chief Executive Officer (‘MD & CEO’). Satishwar, who joined the company in July 2019 as Chief Financial Officer, will spearhead Aegon Life’s transformation into a digital-only life insurance company.

Under Satishwar’s leadership, the company has defined a new vision to be at the forefront of the digital insurance wave and use technology to redefine its strategy. By simplifying the customer experience and digitizing all processes, the company is set to become entirely contactless, from policy issuance, to claims, settlement and renewal.

Satishwar Balakrishnan, on his appointment, commented, “I am pleased to lead a company that is well positioned to continue to invest in its long-term growth plan. We are pivoting our strategy towards the digital future, taking forward our focus on digitization which started in 2016. We are transforming to become India’s first and leading digital-only life insurance provider and I am glad to be a part of this exciting phase of the company.”

“Our pioneering foray into digital has been validated over the years and especially in the current scenario where the rest of the industry is now shifting its focus on digital processes. My focus will be on advancing our ‘Do-it-yourself’ insurance solutions and make them available at affordable costs and to make our entire insurance portfolio a one-click solution for our customers,” added Balakrishnan on his new role.

Satishwar brings with him a rich experience of close to two decades in the Insurance and Finance Industry. Prior to joining Aegon Life, he has worked with IndiaFirst Life, Reliance Life and ICICI Prudential Life. He is a Chartered Accountant by qualification.