Insurance Company Kenindia Assurance Company Limited has appointed B S Sharma as the new Managing Director effective October 17th 2019.
He succeeds Mr Inderjeet Singh who joined New India Assurance Company Limited as the new General Manager. Mr. Sharma had also worked for Oriental Insurance Company Limited in India for over 30 years where he served in various Positions rising to senior management.
Mr Sharma will be tasked with building Kenindia business in Kenya by enhancing the focus on delivering innovative products and services to the Company’s growing customer base. He will be working closely with the leadership team to expand the company’s presence.
In his previous role, Mr Sharma was the Managing Director and Chief Executive Officer of Tanzindia Assurance Limited in Tanzania. During this time, he built a high-performing team. Prior to joining Tanzindia Assurance, he served as Regional Manager at Maruti Motor Tie, Delhi, India. He has over
32 years experience in general insurance operations in underwriting, claims and administration, and all insurance marketing channels. He holds a Bachelor of Commerce degree and Bachelor of Law degree and is a Fellow of the Insurance Institute of India.
Kenindia’s Chairman Board of Directors Mr M N Mehta welcomed Mr. Sharma saying: “On behalf of the board, I am glad that we have been able to tap into the services of an industry veteran. Through his leadership, I am certain that we will continue growing at a fast pace, delivering our products and services and the sense of security to our customers. His zeal coupled with his rich and diverse experience, will be of immense value towards strengthening our market position in the country.”