SUMMARY
- Akash Parwal appointed as CEO and Co-Founder of Square Insurance, bringing nearly two decades of industry experience.
- Square Insurance focuses on enhancing digital solutions and expanding customer reach in both urban and rural markets.
- The company recently secured $1 million in funding to strengthen its operations, especially in underserved areas.
Square Insurance has announced the appointment of Akash Parwal as its new Chief Executive Officer (CEO) and Co-Founder, marking a strategic move aimed at driving innovation and growth in the ever-evolving insurance industry. Mr. Parwal brings nearly two decades of experience, having held leadership positions at leading institutions such as HSBC Innovation Banking, ICICI Lombard, Tata AIG, and most recently, as Vice President at Reliance General Insurance.
With a deep understanding of industry dynamics, Mr. Parwal is set to lead the company in enhancing product penetration, expanding technology-driven solutions, and increasing customer reach, especially in underserved markets. His appointment comes at a pivotal time for Square Insurance, as the company aims to become a disruptor in both urban and rural sectors of the insurance landscape.
Under Mr. Parwal’s leadership, Square Insurance will focus on its digital-first approach, aimed at improving customer accessibility and driving innovation in product development. The company’s commitment to scaling technology and broadening its product portfolio will be instrumental in its future growth trajectory.
Founder Rakesh Kumar’s said, “We are thrilled to have Akash join as CEO at this important stage of our growth journey. His vast experience and innovative mindset will help refine our strategy and ensure we continue to set new standards in the industry.”
CEO Akash Parwal’s said, “I am honored to take on this role at such an exciting time for Square Insurance. My focus will be on accelerating growth through cutting-edge technology, expanding our product offerings, and enhancing customer engagement. With a dedicated team and strong partners, we are poised to achieve significant milestones in the coming years.”
Square Insurance, founded by Rakesh Kumar in 2017, is an InsurTech startup based in Rajasthan, focusing on bridging the gap between customer needs and insurance offerings. The company works with over 53 insurers and recently secured $1 million (Rs 8.3 crore) in funding from Recur Club, which will be used to expand its rural outreach by opening 15 new branches.
