Delhi, India, January 2025 – Dr. Lavanya R. Mundayur has been appointed as Chairman cum Managing Director of Agriculture Insurance Company of India Limited (AIC), bringing over three decades of experience in the insurance sector. Her extensive background in underwriting, claims management, and strategic leadership will play a critical role in driving the company’s mission to support the farming community and advance sustainable agricultural practices in India. As CMD, Dr. Mundayur will oversee AIC’s nationwide operations, leveraging her expertise in corporate strategy, risk management, and operational excellence to enhance the company’s offerings and strengthen its position as a leader in crop insurance.
Dr. Lavanya R. Mundayur began her journey at Agriculture Insurance Company of India Limited in December 2024 as Chairman cum Managing Director, where she is focused on leading the organization through innovation and policy enhancements to benefit the agricultural sector. Before joining AIC, Dr. Mundayur served as GM & Chief Underwriting Officer at The New India Assurance Co. Ltd. for nearly two years, where she was instrumental in refining underwriting practices and improving operational efficiencies. During her tenure as DGM – Head Dubai and Northern Emirates, she oversaw international operations, fostering relationships with brokers and underwriters while ensuring compliance with global standards.
Earlier in her career, Dr. Mundayur held key positions including CRM – Regional Head Karnataka and CRM – Regional Head Large Corporate, Mumbai, where she managed large-scale insurance portfolios, achieving record growth and profitability. Her international experience includes her role as Head – Marine and Energy Claims, IIIP, Singapore, managing high-value claims and liaising with global reinsurers and brokers. Dr. Mundayur began her career at The New India Assurance Co. Ltd. as an administrative officer and progressed through various leadership roles, acquiring deep expertise in corporate, retail, and specialized insurance solutions.
About Agriculture Insurance Company of India Limited
Agriculture Insurance Company of India Limited (AIC) was established in 2002 as a specialized crop insurance provider for the Indian farming community. Promoted by six public sector companies, including the General Insurance Corporation of India and NABARD, AIC aims to support farmers through sustainable insurance solutions. With over 25 million farmers covered under its various schemes, AIC is one of the world’s largest crop insurance companies. It is committed to promoting sustainable agricultural practices while safeguarding the livelihoods of millions of small and marginal farmers across India.
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