Universal Sompo General Insurance Elevates Rajiv Kumar as Managing Director and CEO

Universal Sompo General Insurance Co. Ltd. announced that Rajiv Kumar has been appointed as its Managing Director & CEO effective October 6, 2016. Universal Sompo General Insurance Company is India’s first Public-Private non-life general insurance company. The company is a joint venture of Allahabad Bank, Indian Overseas Bank, Karnataka Bank, Dabur Investments Corporation and Sompo Japan Nipponkoa Insurance.

Rajiv will be responsible for the overall business operations of Universal Sompo General Insurance and will strive towards deepening & strengthening the market share and introduce innovative risk solutions across Retail and Corporate offerings. As on March 31, 2016, Universal Sompo has 113 branches and employs an army of 872 employees across India.  

Rajiv Kumar began his career with United India Insurance in 1990, where he spent close to 12 years and later moved to IFFCO-TOKIO General Insurance where he was heading the Commercial Corporate Branch in New Delhi. Rajiv has been with Universal Sompo General Insurance since 2007 and in his last role Rajiv was the Head - Corporate Planning, Customer Service, Product Development and Operations for Universal Sompo and was based out of Mumbai. Rajiv Kumar has completed his Post-Graduation from Delhi University and is an alumnus of the Insurance Institute of India.