Mumbai, April 25, 2016: Edelweiss Tokio Life Insurance, the life insurance joint venture between the Edelweiss Group and Tokio Marine Holdings of Japan, has appointed Mr. Subhrajit Mukhopadhyay as the Chief Actuary. Mr. Mukhopadhyay will be responsible for all actuarial processes and controls at Edelweiss Tokio Life Insurance, as listed out by Insurance Regulatory Authority of India (IRDA).
Announcing the appointment, Mr.Deepak Mittal, MD and CEO, Edelweiss Tokio Life Insurance said, “Edelweiss Tokio Life has a committed customer-centric approach, which places the needs of the customers first and then evolves offerings that are best positioned to cater to those needs. With Subhrajit’s addition, we will continue to invest in building an industry-leading, but needs-led product bouquet that offers a wide spectrum of solutions for our customers.”
Mr. Subhrajit Mukhopadhyay said, “The insurance business in India has returned to the growth path, and I am excited to take on this role with Edelweiss Tokio Life Insurance at this turning point. Along with a strong solution-oriented approach, policy holder protection and risk management are some key values that will underpin our focus on customer-centricity while evolving strategies that address the life insurance needs of today’s fast-evolving consumers.”
Subhrajit has over 24 years of experience in life insurance and started his career with LIC across various functions before moving into the Actuarial function, for the last five years of his stint there. During this tenure, he was involved in product pricing, underwriting and experience analysis. Subhrajit moved on to Exide Life Insurance (formerly ING Life Insurance) where he was responsible for all actuarial verticals, including product development and management, financial risk and reporting, and statutory valuation and reporting. Subhrajit’s last assignment was with Avantha ERGO as Chief Actuary, where he was also a part of the Executive Management Group.
Subhrajit is also a Fellow of the Institute of Actuaries of India.
About Edelweiss Tokio Life Insurance
Edelweiss Tokio Life Insurance is the life insurance Joint Venture between the Edelweiss Group and Tokio Marine Holdings of Japan. This lineage brings together a deep understanding of customer needs, one which is backed by international expertise. The company offers proprietary need based solutions to help customers meet their life stage financial goals.
The Edelweiss Group, with a Rs. 310 billion asset base is one of India's leading diversified financial services conglomerates providing a broad range of financial products and services to a substantial and diversified client base that includes corporations, institutions and individuals. Edelweiss' products and services span multiple asset classes and consumer segments across domestic and global geographies. Its businesses are broadly divided into Credit Business (Mortgages including Housing Finance, Structured Collateralised Credit, Distressed Assets Credit, SME and Agri Finance, Rural Finance and other loans), Agency Business (Financial Markets, Asset Management and Agri and Commodity Services) and Life Insurance.
To learn more about Edelweiss Tokio Life Insurance, please visit www.edelweisstokio.in
To learn more about the Edelweiss Group, please visit www.edelweissfin.com
To learn more about the Tokio Marine Holdings Inc, please visit www.tokiomarinehd.com/en
For further information, please contact:
Edelweiss Financial Services Ltd.
Mona Kwatra/ Naheed Contractor/ Mahak Choudhary
Cell:: 9820210441/ 9324541187/ 9820612266
Perfect Relations Pvt. Ltd.
Sporshita Goswami/ Melvin Mathew
Cell: 9920883234/ 9969966553