SUMMARY
- InsuranceDekho appoints key leaders in analytics, sales, and business strategy to strengthen its leadership team.
- New hires include Navneet Bhatt, Vivek Aggarwal, and Aman Batra, bringing extensive industry experience.
- The company plans to expand workforce by 1,000+ professionals, focusing on B2B and B2B2C.
Insurtech platform InsuranceDekho has made strategic appointments in key areas such as analytics, sales, and business strategy, to propel its goal of building a strong leadership team to drive the company’s long-term objectives amidst a recent hiring surge.
Navneet Bhatt has been appointed as Chief Business Officer for New Business (MGA, Reinsurance and Actuarial Analytics). With over 23 years of expertise in actuarial analytics, underwriting, and business strategy he held top positions at Royal Sundaram Alliance, Tata AIG, and Takaful Oman Insurance.
With over 23 years of experience as well, Vivek Aggarwal has been appointed as the VP – Head of Finance. Previously he has worked for HCL, Genpact, Airtel, and Info Edge, Vivek which offers a wealth of knowledge in the Internet and IT/ITES domains.
Aman Batra has been appointed as Chief Strategy Officer. Aman has been a key member of the company for more than 4 years and has more than 12 years of experience in corporate growth, business strategy, and data analytics.
“We are thrilled to welcome Navneet and Vivek to our team and to elevate Aman in recognition of his exceptional impact. Each of these leaders brings unique strengths that align with our ambitions, and their collective expertise will drive significant impact as we continue to expand our business,” says CHRO of InsuranceDekho, Divya Mohan.
She further adds, “At InsuranceDekho, we are committed to building a high-caliber team. In recent months we have onboarded over 30 senior leaders across key functions, and we are poised to expand our workforce by 1000+ professionals in the coming months. This expansion will focus on both our B2B and B2B2C segments, reinforcing our commitment to delivering exceptional value to our customers and accelerating our business success.”
Founder and CEO of InsuranceDekho, Ankit Aggarwal states, “Our latest leadership appointments reflect InsuranceDekho’s commitment to bringing the best talent from across the industry. We are particularly excited about nurturing leaders like Aman who have made an exemplary contribution in their journey with us and continue to be the force behind our vision to revolutionize the insurtech space.”
Ish Babbar and Ankit Aggarwal founded InsuranceDekho was founded in the year 2017. The online platform helps customers compare and purchase insurance policies, offering a wide range of products including health, life, motor, and SME coverage. It aggregates insurance agents and provides them with tools to manage tasks like agent enrollment, generating quotes, and renewals. It offers over 500 insurance plans from 47 partner companies, allowing customers to compare quotes and select the most suitable policies. The firm operates in over 1,500 cities across India.
In the financial year 2022-2023 (FY23), the business reported a total revenue of ₹100.2 crore, marking a 105.7% increase from the previous year. The company’s net loss for FY23 was ₹51.5 crore, a 29% decrease compared to the previous fiscal year. Operating revenue for FY23 stood at ₹96.4 crore, doubling from the previous year, while total expenses rose by 25% to ₹151.8 crore.
