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How many years extension did Tapan Singhel, MD and CEO of Bajaj Allianz General Insurance get?
A)
6 Years
B)
5 Years
C)
4 Years
D)
3 Years

Correct Answer :   5 Years


Bajaj Allianz General Insurance on Monday(14th Mar 2022) announced a five-year tenure extension of its Managing Director and CEO Tapan Singhel. The new term will be effective from April 1, 2022, Bajaj Allianz General Insurance said in a statement.
 
Under Singhel's leadership, the company has emerged as one of the largest and most profitable private general insurers in the country ensuring growth, profitability and customer-centricity.
 
In his decade-long stint as the MD and CEO, the company has achieved a cumulative underwriting profit of more than Rs 350 crore, grew its revenue at a CAGR (Compound Annual Growth Rate) of 16 percent, grew its net profit (PAT) at a CAGR of over 30 percent with a double growth in solvency ratio from 156 percent to about 350 percent. PTI DP DP HRS hrs..

Source : Times Of India

Published On : March 15, 2022
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