Alok Rungta appointed by Future Generali India Life Insurance as MD & CEO

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Alok Rungta appointed by Future Generali India Life Insurance as MD & CEO
Alok Rungta appointed by Future Generali India Life Insurance as MD & CEO

Since February 2023, he has been acting as Future Generali India Life Insurance’s Deputy CEO and Chief Financial Officer (CFO), and he has made a significant contribution to the expansion of the business.

Alok Rungta has been appointed to the role of Managing Director and CEO at Future Generali India Life Insurance. This appointment will take effect on April 1st, subject to obtaining the required regulatory approvals. Alok, who is the CFO and deputy CEO at the moment, brings a plethora of knowledge and experience to his new position. Bruce De Broize, the MD and CEO until March 31, 2024, hands off to him.

Jaime Anchustegui Melgarejo, CEO International at Generali, said, “Alok’s appointment as MD & CEO marks a significant moment for Future Generali India Life Insurance. His leadership skills and deep understanding of diverse markets positions him well to steer the company towards continued growth. As a Group, we have constantly invested in development programs that are designed to equip our employees with the skills and experience they need to reach their full potential, while nurturing their talent. Alok’s elevation is a true testimony of the success of an effective planning.”

Rob Leonardi, Regional Officer International – Asia at Generali, said, “We express our sincere gratitude to Bruce for his exceptional leadership and invaluable contributions made to Future Generali India Life Insurance. We now welcome Alok as our new MD & CEO for the company. His proven track record of driving growth and profitability, coupled with a strategic vision for the Indian market, aligns seamlessly with our commitment to delivering innovative insurance solutions. We eagerly anticipate witnessing the company’s accomplishment and expansion under his guidance.”

Alok brings his invaluable experience from working for several companies over the course of more than 20 years in the insurance industry’s varied marketplaces. Since February 2023, he has been acting as Future Generali India Life Insurance’s Deputy CEO and Chief Financial Officer (CFO), and he has made a significant contribution to the expansion of the business. He shown a committed career in leadership by holding senior roles at renowned insurance organizations in the Philippines, Hong Kong, and India prior to this.

Speaking about his new role, Alok expressed his gratitude, saying, “Being a part of Future Generali India Life Insurance, elevating a leadership position is both a privilege and a progression. I’m committed to continuing the good work of my predecessors, focusing on steady growth and creating a difference. Leading in the dynamic Indian market, my goal is to bring new ideas, expand our reach, and ensure we add value to the lives of our customers and stakeholders.”

Future Generali India Life Insurance is unwavering in its dedication to offering cutting-edge insurance options and top-notch customer support to its clients across the country. The company is eager to start a new phase of expansion and success with Alok at the helm.

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