Aegon Life Insurance announced the elevation of Satishwar Balakrishnan as Managing Director and Chief Executive Officer.
In this new role, Balakrishnan will spearhead Aegon Life’s transformation into a digital-only life insurance company. He joined the company in July 2019 as Chief Financial Officer.
Under Balakrishnan 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, according to a statement. He brings with him an experience of close to two decades in the Insurance and Finance Industry.
Before joining Aegon Life, he has worked with IndiaFirst Life, Reliance Life and ICICI Prudential Life. He is a Chartered Accountant by qualification.
Commenting on his appointment, Satishwar Balakrishnan, MD and CEO, Aegon Life Insurance, said, “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.”
He further said, “My focus will be on advancing our ‘Do-it-yourself’ insurance solutions and making them available at affordable costs and to make our entire insurance portfolio a one-click solution for our customers.”
