Srinivas Rao Ravuri Joins Bajaj Allianz Life as CIO
Pune, 20th September, 2024: Bajaj Allianz Life Insurance, one of India’s leading private life insurers, has appointed Srinivas Rao Ravuri (Srini to friends and associates) as its Chief Investment Officer (CIO) where he will lead the Company’s Investment team and manage the portfolio towards optimising its investment performance. In the leadership role, Srinivas will focus on allocating the Company’s assets towards building wealth for customers and profitability for all stakeholders, while managing risk and in line with the regulatory guidelines.
Srinivas is a seasoned investment professional with nearly three decades of experience in equity research and fund management across Indian financial markets. Starting of as an analyst in India’s first boutique equity research firm, he spent over two decades covering sectors such as Real Estate, Infrastructure, Industrials, Telecom, and Power. Srinivas’ other stints as an investment expert were at organizations like PGIM India Asset Management and HDFC Asset Management, where he shaped their respective investment strategies to drive growth and build wealth. He joins Bajaj Allianz Life from PGIM India Asset Management, where he played a key role in transforming the Asset Management Company into one of the fastest growing in the industry.
Speaking on the appointment, Tarun Chugh, MD & CEO, Bajaj Allianz Life, said, “Srinivas joins us at a pivotal point of our transformative journey. Further, our regulatory environment and the robust Indian economy are converging to further provide value to customers investing in life insurance towards their long-term financial goals. His extensive experience within the Indian financial markets will be of tremendous value as we continue to strengthen our capabilities.”
On his appointment as Bajaj Allianz Life’s Chief Investment Officer, Srinivas said, “Life insurance, today, is emerging as one of the strongest financial tools for customers to invest towards their long-term financial goals due to its inherent advantages of disciplined investing and offering a safety net for the main bread winner of the household. I’m excited to now be able to play a pivotal part in this journey of customers with Bajaj Allianz Life. The Company’s reputation for excellence and innovation is well-established and I’m excited to join such a driven and focussed team.”
Srinivas holds a Bachelor’s degree in Commerce and an MBA from Osmania University, Hyderabad. His interests include tennis and spending time outdoors. He is also an Indian classical music enthusiast.
About Bajaj Allianz Life Insurance
Bajaj Allianz Life Insurance is one of India’s leading and fastest growing private life insurers. The company is a partnership between two powerful and successful entities in their own right – Bajaj Finserv Limited, one of India’s most diversified non-banking financial institutions and Allianz SE, one of the world’s leading asset manager and insurer. The Company commenced its journey in 2001, and today delivers its promise of Life. Goals. DONE through innovative value-packed insurance products that are backed by a robust tech and digital ecosystem. Bajaj Allianz Life Insurance continues its journey of transformation through its products and tech-enabled state-of-the-art services to enhance customer delight.
Bajaj Allianz Life now serves over 4.22 crore (as on 31st July, 2024) individual and group customers. The Company has a large distribution network that includes its 548 branches (as on 31st July, 2024) over 1,55,546 agents (as on 31st July, 2024), several institutional partners, including 35 trusted bank partners across India and its proprietary sales channels (online and offline). Bajaj Allianz Life Insurance’s Assets Under Management as on 31st July,2024 was over Rs. 1,20,245 crores. Its Individual Claim Settlement Ratio was 99.23 % and has a strong Solvency Ratio of 432% (as on 31 March, 2024).
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