Future Generali India Life Insurance strengthens leadership team with key appointments

• Shirish Jagnani joins as the Chief Risk Officer
• Aditya Mall elevated to the role of Appointed Actuary

Mumbai February 23, 2023: Future Generali India Life Insurance Company Ltd. strengthens its senior leadership team by appointing Shirish Jagnani as the Chief Risk Officer and Aditya Mall as the Appointed Actuary.

To keep growing in this rapidly evolving life insurance ecosystem, Bruce de Broize, Managing Director & CEO, Future Generali India Life Insurance Company Ltd. said, “As Future Generali India Life Insurance Company Ltd. embarks on a new chapter of growth and innovation, it is crucial to have an experienced and dynamic leadership team in place which can deliver value to our customers, partners, and employees. Both, Shirish and Aditya bring an impressive depth of knowledge and experience in their respective fields that will greatly support our company’s next phase of growth and expansion.”

Appointed recently, Shirish Jagnani brings over a decade of extensive and rich experience in Financial and Risk Management areas. Before joining Future Generali India Life Insurance Company Ltd., Shirish was associated with a leading life insurance player in Actuarial Risk Reporting and Shareholder Reporting Areas. He started his career managing actuarial regulatory reporting and then moved to an actuarial shareholder reporting role. He has also worked for leading financial Global Services in Actuarial Auditing Areas. Shirish is a qualified Chartered Accountant and fellow member of the Institute and Faculty of Actuaries, UK.

Shirish Jagnani, Chief Risk Officer, Future Generali India Life Insurance Company Ltd. said, “I am very excited to be a part of a company that has significantly grown in the last few years. As we pivot to lead in a rapidly evolving insurance space, risk plays an even more strategic role. I look forward to working closely with Bruce de Broize and the Future Generali India Life Insurance team in our journey to further strengthen relationships with our stakeholders.”

As the new Chief Risk Officer, Shirish will strengthen the company’s Risk function and help it become a long-term sustainable organization. Shirish will also oversee the Information Security vertical.

Aditya Mall has been elevated to the role of Appointed Actuary and will lead the Actuarial function for the business. Aditya is a Chartered Accountant and Fellow from the Institute and Faculty of Actuaries, UK & Institute of Actuaries of India. He has been with Future Generali India Life Insurance for more than 7 years now. His last position held has been Vice President, Actuary. In the past, after starting his professional journey in the areas of Accountancy and Audit, he has worked for leading, global, financial brands managing work related to Life Insurance companies globally.

Aditya Mall, Appointed Actuary, Future Generali India Life Insurance said, “As I transition into this new role, I am both, thrilled and motivated to be leading the team as the company eyes growth and transformation. I hope to make significant contributions to make better policy offerings, conduct regular valuations of our policyholder liabilities and ensure that the interest of policyholders is always protected. I look forward to working with Bruce de Broize, our Leadership team, and Senior Generali colleagues as I embark on this new role at Future Generali India Life Insurance Company Ltd." With these new appointments, Future Generali India Life Insurance Company Ltd. looks at strengthening its market position and targeting more opportunities to grow strongly in the life insurance space.

About Future Generali India Life Insurance Company Ltd.

Future Generali India Life Insurance Company Ltd. is headquartered in Mumbai and was established in 2006. The company has a presence in 2000+ owned and partnered locations in India and offers total insurance solutions across both, at the individual and group front. The company clocked GWP of INR 1,433 crores in FY22, ended the period at an Assets Under Management of INR 5,993 crores, and has an Individual Claim Settlement of 96.15% for FY22. The company is backed by Generali and Future Group. Generali is the largest shareholder in Future Generali India Life Insurance with a stake of 71.79% in the Company. Generali brings in 190+ years of insurance expertise as well as its global network’s best practices, capabilities and resources, driving sustainable and profitable growth for communities, clients, employees and shareholders.