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Future Generali India Insurance appoints Shreeraj Deshpande as Interim Head

KG Krishnamoorthy Rao moves to Malaysia as CEO MPI Generali

Future Generali India Insurance Company Limited (FGII), the general insurance arm of the joint venture between retail game changers Future Group and global insurer Generali, have designated Shreeraj Deshpande, Senior Vice President & Head - Operations, Customer Service & Health Insurance as Principal Officer and Key Managerial Personnel of the Company with effect from November 17, 2018.Shreeraj will be responsible for the overall operations of FGII and will drive the strategic growth plans for the company in his tenure as interim Head in addition to his existing responsibilities.

Shreeraj replaces KG Krishnamoorthy Rao who will take over the role of CEO of MPI Generali Insurans Berhad (“MPI Generali”) and will relocate to Malaysia. Rao successfully headed FGII’s India business for over 11 years and led the firm to profitable growth.

Roberto Leonardi, Regional Officer, Asia Pacific, Generali said, “Krishnamoorthy’s strong leadership, energy and dynamism has driven FGII to the efficacious position that it is in now. We are excited to confirm K.G.’s appointment as CEO MPI Generali. He is well placed to support our regional strategy of accelerating our presence and to become Asia’s best insurer. We welcome Shreeraj Deshpande into his new role and are confident that with his immense experience and knowledge, he is well placed to drive FGII to newer levels of success."

Prioir to joining Future Generali India Insurance, Shreeraj held leadership position at Bajaj Allianz where he worked for over six years. Starting his insurance career with The New India Assurance Company, he shifted to the private sector after 14 years of experience in the public sector. Shreeraj has a PhD from the University of Pune.

About Future Generali India Insurance Company Limited

Future Generali India Insurance Company Limited is a joint venture between Future Group – the game changers in Retail Trade in India and Generali – a 187 years old global insurance group featuring among the world’s 60 largest companies*. The company was incorporated in September 2007 with the objective of providing retail, commercial, personal and rural insurance solutions to individuals and corporates to help them manage and mitigate risks.

Future Generali India has been aptly benefitting from the global Insurance expertise in diverse classes of products of Generali Group and the Indian retail game changer Future Group. Having firmly established its credentials in this segment and effectively leveraging on the skill set of both its JV partners, Future Generali India has evolved to become a Total Insurance Solutions Company.

*As per Fortune Global 500 Ranking (2017)

About Generali Group

Generali is an independent, Italian insurance Group, with a strong international presence. Established in 1831, it is among the world’s leading insurers and it is present in over 60 countries with total premium income exceeding €68 billion in 2017. With nearly 71,000 employees in the world and 57 million customers, the Group has a leading position in Western Europe and an increasingly significant presence in Central and Eastern Europe as well as in Asia. In 2017, Generali Group was included among the most sustainable companies in the world by the Corporate Knights ranking.