Mr G Srinivasan, former chairman-cum-managing director of New India Assurance Company, India's largest general insurer, has been appointed the director of the National Insurance Academy (NIA) at Pune.
Mr Srinivasan’s appointment will be for a period of three years or until he attains the age of 65, whichever is earlier from the date of taking charge at his post.
Mr Sushobhan Sarker, the previous director of NIA had completed his tenure on 31 October this year. Mr Srinivasan superannuated from the post of chairman-cum-managing director of New India Assurance in July 2018.
NIA is a premier insurance academic institute sponsored by the Indian public sector insurance industry. Besides running the two-year flagship post-graduate diploma in insurance, it also conducts a variety of short duration courses in insurance for the Indian insurance industry.
A chartered accountant and fellow of the Insurance Institute of India, Mr Srinivasan has won many accolades from various organisations in the market. An active practitioner and lobbyist for the industry good, he served in many government committees in India as well as in the IRDAI during his career with the public sector general insurance industry in India.
Mr Srinivasan was also the winner of the Personality of the Year award at the 2016 Asia Insurance Industry Awards. He was also instrumental in successfully guiding in November 2017 the IPO of New India.
It is perhaps befitting that Mr Srinivasan with his impeccable career and over three decades of experience in insurance, would now guide the young insurance talent that would steer the Indian insurance industry in the years to come.
Mr Srinivasan has always been active in drawing the “intelligent, confident tech-savvy: genY” into the insurance business. And to those in the business, he urges them to “keep constantly up to date”.
He cherishes the challenges and joy of meeting a variety of people, understanding so many businesses, coming to the assistance of people when they are in need and helping many to rebuild their lives when the chips are down.
NIA was established in 1980 jointly by the Ministry of Finance, Life Insurance Corporation of India, General Insurance Corporation of India, The New India Assurance, National Insurance, United India Insurance and Oriental Insurance.