Mumbai, Maharashtra, India, April 2025 – Jaya Shah has been promoted to Senior Vice President at Marsh India, marking a significant milestone in her nearly four-year journey with the organization. In her new role, Jaya will continue to shape the company’s strategic direction across insurance broking and risk advisory solutions, leveraging her vast expertise in commercial insurance and placement services.
Jaya began her journey at Marsh India as Vice President in July 2021, and was elevated to Executive Vice President in April 2023, where she played a pivotal role in client acquisition, complex placement strategy, and business growth across India. Her consistent delivery of value-added solutions and strong client relationship management positioned her as a trusted leader in the organization.
Prior to Marsh, Jaya served as Deputy Vice President – Property & Engineering, Commercial Lines at HDFC ERGO General Insurance, where she spent nearly five years overseeing property and engineering lines across Gujarat. She drove profitable underwriting practices and led client engagement strategies for large commercial clients.
Before HDFC ERGO, Jaya worked at L&T General Insurance Company Limited as Deputy Chief Manager – Commercial Underwriting, where she led underwriting operations and client servicing for commercial portfolios. Her tenure was marked by robust portfolio management and the development of risk-aligned solutions.
Jaya also held multiple roles over more than eight years at Bajaj Allianz General Insurance, where she progressed from Graduate Trainee to Assistant Manager – Underwriting. Her responsibilities included managing motor claims, preparing general insurance quotes, and executing data-driven analysis to improve claim turnaround and policy profitability.
About Marsh India
Marsh India is a subsidiary of Marsh McLennan and one of the country’s leading insurance broking and risk management firms. Since receiving its IRDAI license in 2003, Marsh India has grown to operate 18 offices with over 1,300 professionals. The firm partners with clients to design bespoke risk management and insurance strategies across industries, providing innovative solutions at competitive terms.
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