March 8, 2024, Mumbai – ACKO General Insurance has announced significant changes to its leadership structure. Sanjeev Srinivasan, under whose stewardship the company saw its Gross Written Premium (GWP) double in the last two years, will now be elevated to a Board role. This transition comes at a time when ACKO has successfully expanded its insurance offerings to include Health, Life, and Travel portfolios, setting an ambitious GWP target of nearly 3000 crore for the upcoming year.
Taking over the CEO mantle from Srinivasan will be Animesh Das, who has been integral to ACKO’s journey from its inception. Das, previously serving as the Chief Underwriting Officer, played a pivotal role in building the startup into a formidable player in the insurance market. His contributions, especially in driving the Auto Insurance business towards profitability, have been critical to ACKO’s success story. This appointment is subject to regulatory approval, marking a new chapter for ACKO General Insurance Company.
Varun Dua, CEO of ACKO Technologies, the parent company of ACKO General Insurance, expressed his gratitude for Srinivasan’s contributions and optimism for the future. “Sanjeev’s wealth of experience has been instrumental in scaling the company rapidly, achieving many firsts for ACKO. We are confident that his insights will continue to guide our team towards realizing our vision and goals from his new position on the Board,” said Dua. He also highlighted Das’s significant impact, stating, “Animesh has been a catalyst in our growth story, and we are certain that under his leadership, ACKO General Insurance will maintain its growth trajectory.”
Reflecting on his new role within the Board, Srinivasan commented, “As ACKO embarks on its next phase of growth, I am excited to use my experience to mentor and guide the team, pushing towards greater success and innovation in the insurance landscape.”
Animesh Das, speaking about his appointment as CEO, shared his vision for the future, “Leading ACKO General Insurance at such a pivotal time is an incredible opportunity. We’ve shown remarkable potential and agility in the market, and I’m committed to guiding the company towards even greater achievements. Our focus remains on simplifying insurance, making it more transparent and accessible to millions of Indians through continuous innovation and excellence.”
As ACKO General Insurance embraces these leadership transitions, the company is poised for sustained growth and innovation, aiming to redefine the insurance experience for consumers across India.
