Aon on Monday announced that Shailendra Sapra will be promoted to CEO of Reinsurance Solutions, India, effective from 1 June 2024.
Sapra, who will also join the Reinsurance Executive Committee for the APAC region, will operate from Mumbai, reporting directly to George Attard, CEO of Reinsurance for Aon’s APAC region, the broker said in a statement.
Sapra brings a wealth of experience to his new role, having joined the business in 2010. His most recent role was as Agriculture Leader for Asia Pacific and his journey at the firm includes significant contributions to the Reinsurance Analytics team and managing client relations across large regional and Singapore-based accounts, Aon said in its announcement.
The global broker added that, in his forthcoming position, Sapra’s primary focus will be on identifying and cultivating growth opportunities within India’s insurance market. His efforts will aim to address the country’s substantial insurance protection gaps and enhance the development of both new and existing insurance lines through the facilitation of additional capacity and fostering innovation in solutions and services.
Attard commented on the appointment, “This appointment marks another milestone in Aon’s progress in India and reflects our broad commitment to the India market and to meeting our clients’ evolving needs.”
Attard also added context on the strategic importance of the Indian market to Aon’s expansion goals. “India is predicted to have the fastest-growing insurance sector of all G20 countries over the next five years; when coupled with the country’s fast-growing economy, a pro-active regulator, and an appetite for technology and innovation, its emerging insurance sector is clearly on an upwards trajectory.”
