Future Generali India Insurance Company appoints Akshaya Kashyap as Chief People Officer
Mumbai; October 23, 2023: Future Generali India Insurance Company (FGII), announced that it has appointed Mr. Akshaya Kashyap as the Chief People Officer of the organisation, effective October 1, 2023. He has a rich and diverse experience in the Human Resource (HR) domain, spanning over 18 years, with almost a decade of that being with Future Generali.
Akshaya takes over from Mr. Sunil Wariar who superannuated from service in September this year. Previously, Akshaya served as a DGM HR in India Life (FGIL) before moving to FGII in February 2016. He also had an overseas stint with Generali Vietnam, which greatly developed and broadened his functional and management competence. Prior to joining Future Generali, he has worked in varied sectors including auto-ancillary, manufacturing and retail.
Commenting on the development Mr. Anup Rau, Managing Director and Chief Executive Officer, Future Generali India Insurance Company, said, “In alignment with our employee- centric philosophy, our primary focus is on promoting our dedicated current team members who have invested their time and energy in our organization when it comes to filling critical positions, rather than seeking external candidates. I am confident that Akshaya will build on the platform established by Sunil and further extend the company’s culture where employees from diverse backgrounds work collaboratively and in a cohesive manner. Sunil has played a stellar role over the last 14 years and has been instrumental in shaping the company’s HR policies and employee first approach. I would like to thank Sunil for his services and wish him the very best for the next phase of his life.”
About Future Generali India Insurance Company Limited
Future Generali India Insurance Company Limited is a joint venture between the Generali Group, a 190+ years old legacy global insurance business with a majority 74% stake, and the Future Group. The Company was set up in 2006 with the objective of providing retail, commercial, personal, and rural insurance solutions to individuals and corporates, in order to help them manage and mitigate risks. FGII broke even in FY 13-14 – a landmark achievement in just six years of operations.
Today, with Rs. 6,748 Crore of assets under management in FY 2023 and Gross Written Premium of Rs. 4,627 Crore Future Generali India Insurance has firmly established its credentials in the insurance segment. Currently, amongst India’s top 10 private general insurance players, Future Generali became a ‘Great Place to Work’ certified company for the 5th time in a row (October 2023–October 2024) as per the prestigious Great Place to Work® Institute. The company is the proud recipient of several awards and recognition, the most recent being the Golden Peacock Awards 2022 for Excellence in Corporate Governance and The Economic Times Best Brands Awards 2022.
About Generali Group
Generali is one of the largest global insurance and asset management providers. Established in 1831, it is present in over 50 countries in the world, with a total premium income of € 81.5 billion in 2022. With 82,000 employees serving 68 million customers, the Group has a leading position in Europe and a growing presence in Asia and Latin America. At the heart of Generali’s strategy is its Lifetime Partner commitment to customers, achieved through innovative and personalised solutions, best-in-class customer experience and its digitalised global distribution capabilities. The Group has fully embedded sustainability into all strategic choices, with the aim to create value for all stakeholders while building a fairer and more resilient society.
