Mumbai, Maharashtra, India, April 2026 – Generali Central Insurance has announced the appointment of Krishnamoorthy Rao as Managing Director & Chief Executive Officer, effective April 1, 2026. With over 35 years of experience in insurance and risk management, Rao returns to India to lead the organization into its next phase of innovation, customer-centric growth, and market expansion.
The company highlighted that Rao’s extensive leadership experience across international and Indian markets will play a pivotal role in accelerating innovation, strengthening customer partnerships, and driving sustainable growth in this key market.
Prior to this appointment, Krishnamoorthy Rao served as Chief Executive Officer at MPI Generali Insurans Berhad in Malaysia, where he led the company through a phase of strategic growth, strengthening market positioning and operational performance.
Earlier, he spent over a decade with Future Generali India Insurance Company Limited, where he held multiple leadership roles including Managing Director & Chief Executive Officer, Chief Operating Officer, and Chief Underwriter. During his tenure, he played a critical role in building and scaling the organization, driving business growth, and strengthening underwriting and operational capabilities.
Before this, Rao served as Head – Underwriting at Bajaj Allianz General Insurance, where he led underwriting functions and contributed to building robust risk management frameworks.
His earlier career includes roles such as Risk Manager at Enron India, Deputy General Manager at Tata Risk Management Services, and Risk Engineer at National Insurance Company Ltd, where he developed deep expertise in risk management and insurance operations. He began his professional journey as a Scientist at the Indian Space Research Organisation (ISRO), building a strong analytical and technical foundation that has supported his leadership journey in the insurance industry.
About Generali Central Insurance
Generali Central Insurance Company Limited (GCI), formerly known as Future Generali India Insurance Company Limited, is a strategic joint venture between the Generali Group, a global insurance leader with a 193-year legacy holding a 74% majority stake, and the Central Bank of India, India’s first commercial bank with over a century of banking excellence.
Established in 2006, GCI offers a wide range of retail, commercial, personal, and rural insurance solutions, helping individuals and businesses effectively manage risks. The company achieved a significant milestone by breaking even within six years of operations.
As of FY 2024–25, GCI has ₹7,938 crore in assets under management and a Gross Written Premium of ₹5,547.5 crore, positioning itself among India’s top 10 private general insurance companies. The company has also been recognized for its strong organizational culture, earning the ‘Great Place to Work’ certification seven consecutive times, along with multiple industry accolades including the Emvies Awards 2025 and The Economic Times Brand Disruption Awards 2025.
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