Mumbai, 16th April 2024– SBI General Insurance, one of India’s leading general insurers, has announced the appointment of Mr. Nainoor Desai as Business Head – Corporate. This appointment is in line with the company’s vision for expansion and sustained growth. In his new role, Mr. Desai will be responsible for leading and driving the corporate business, serving a corporate customer base of over 5000 clients.
Mr. Desai brings with him a wealth of experience spanning over two decades in the financial and insurance services sectors. He has previously held leadership roles at esteemed organizations such as Liberty General, Reliance General and ICICI Lombard. Mr. Desai holds a PGDBM degree in Marketing and Rural Business from Birla Institute of Management Technology. Additionally, he has undergone specialized training and holds several certifications, including the ‘Certified Internal Auditor for ISO’ and a training module in ‘Strategic Business Leadership’ from ISB Hyderabad, among others.
Mr. Desai will be succeeding Ms. Meena Subramanian who will be superannuating this year after an illustrious career of more than a decade with SBI General Insurance.
On the announcement, Mr. Kishore Kumar Poludasu, MD & CEO, SBI General Insurance commented, “We are delighted to welcome Mr. Desai to our leadership team. With his extensive experience and outstanding track record, he brings invaluable expertise to our organization. We are confident that his leadership will boost our corporate business division towards success and growth.”
Commenting on his appointment, Mr. Desai said, “I look forward to contributing to the growth trajectory of SBI General Insurance. With a focus on innovation and customer-centric solutions, I am eager to lead the corporate business segment towards greater success.”
Mr. Nainoor Desai’s appointment marks a significant milestone for SBI General Insurance as it continues to strengthen its leadership team and expand its market presence.
About SBI General Insurance
SBI General is one of the fastest growing private general insurance companies, with the strong parentage of SBI. We, at SBI General Insurance, are committed to carry forward the legacy of trust and security; and have the vision to become the most trusted general insurer for a transforming India.
Ever since our establishment in 2009, our growth has been exponential in various aspects. We have expanded our presence from 17 branches in 2011 to over 141 branches pan-India. Till date, we have served over 34 crore customers. We have been awarded as the ‘Domestic General Insurer of the Year’ – India at the Insurance Asia Awards 2023 Singapore. Additionally, we were recognized as one of the Best Brands 2023 at the ET Edge Best Brands 2023. Furthermore, we were recognised as Highest Growth –
General Insurance runner up at ASSOCHAM 15th Global Insurance Summit & Awards. Recently, recognized as the winner in the ‘Best Large General Insurer’ category at the Mint BFSI Summit & Awards 2023.
We have a robust multi-distribution model encompassing Bancassurance, Agency, Broking, Retail Direct Channels and Digital tie-ups. The widespread network of distributors like 22437 plus SBI branches, Agents, other financial alliances, OEMs, and multiple digital partners enable us to extend our reach to the pocketed remote areas of India. We offer a bouquet of products spread across various lines of businesses that cater to customers across all segments like Retail, Corporate, SME and Rural, ensuring accessibility via digital as well as physical modes.
SBI General Insurance reported a 23.4% growth in Gross Direct Premium (GDP) and the GDP stood at INR 8514 crore in 9M FY 23-24
