Rishi Srivastava Takes-over as Tata AIA's New CEO & MD

TATA AIA Life, one of India’s leading insurance company, appoints Rishi Shrivastava as its new Chief Executive Officer and Managing Director. With this, Rishi will be taking-over the reins from Naveen Tahilyani, CEO, Group Patnership Distribution, AIA Group, Hong Kong, and subject to the regulatory approval from IRDAI,  will officially run office from the 1^st of August (2018).

Holding an  experience of over 20 years in the finance and insurance industry, Rishi previously served as the Chief Agency Officer at ICICI Prudential, before moving to ICICI Bank as General Manager, and then to AXA as Director of the Agency business in Jakarta. He later carried over his treasury of experienc to Tata AIA in 2016 and is currently serving as the Chief of Proprietary Channels - Product, Marketing and Corporate Communication.

Rishi has been instrumental in successfully building the unique Premier Agency Model in India which is aimed at providing enhanced overall customer experience by setting-up and driving Tata AIA’s Agency workforce. He has led many innovations in Products and chalked-out many successful marketing strategies by focusing on simplified offerings and addressing multiple needs of the customer. Considering his expertise and proficiency in the field, Tata Sons and the AIA Group are confident that the growth and momentum in Tata AIA will continue under the strong and capable leadership of Rishi.

Naveen has over 20 years of experience in the Financial Services industry and has led a strong and profitable growth at the Tata AIA over the past three and a half years, with keen focus on delivering multi-distribution business, best in class customer experience, and building a differentiated protection oriented franchise. He had successfully led Tata AIA into high standards of performance and his leadership witnessed profitable years of experience within the company.

Tata AIA Life Insurance Company Limited (Tata AIA Life) is a joint venture company formed by Tata Sons Ltd. and AIA Group Ltd. (AIA). It combines Tata’s pre-eminent leadership position in India and AIA’s presence as the largest independent listed pan-Asian life insurance group in the world spanning 18 markets in the Asia Pacific region. Tata AIA Life has written an Individual Weighted New Business Premium (IWNBP) of 1,397 crores for the financial year 2017-18 with growth in IWNBP at a CAGR of 81 percent in the last three years. Additionally, Tata AIA’s market ranking on IWNBP improved from 17 in 2015 to six in 2018.

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