Cover Genius appoints Arijit Chakraborty as Managing Director in South-East Asia & India and announces expansion of Insurance and Partnerships teams in APAC
Experienced Insurtech executive will lead the global insurtechs growing business in Asia
SYDNEY — Cover Genius, the global insurtech leader whose insurance distribution platform provides protection for the customers of some of the world’s largest online companies, has announced the appointment of Arijit Chakraborty as its Managing Director for Southeast Asia (SEA) and India. This appointment comes as the company announces senior executive appointments in Thailand, Malaysia, Indonesia and India and follows the company’s recent recognition by Financial Times as the fastest-growing company with 492% growth in the last three years.
Chakraborty will be responsible for spearheading the insurtech’s insurance and commercial partnerships and leading the regional teams in Singapore, India, Malaysia, Indonesia, Thailand, Vietnam, and the Philippines. Along with Chakraborty, Cover Genius has also appointed Saurabh Mehta as Partnerships Director, SEA and India in Singapore, Amitansh Gupta as Director of Insurance in India and Vas Ramanujam as Director of Insurance in Malaysia. These appointments expand the Cover Genius team in Asia which already includes Partnerships and Customer Support teams in Thailand and Indonesia.
Saurabh Mehta brings to the company a wealth of strategic partnerships and growth experience from senior roles at AliPay and Microsoft, while Amitansh Gupta and Vas Ramanujam join Cover Genius from some of the region’s biggest insurers including Bharti AXA, Collinson, Prudential BSN Takaful and Ernst & Young.
Cover Genius Co-Founder and CEO, Angus McDonald, said the appointment of Chakraborty and the wider APAC team was a huge milestone for the company as they expand further into Asia: “Over the last 12 months we have significantly expanded our reach into large and established verticals in the U.S, Europe and Asia and Arijit’s appointment is an important step forward as we prepare to launch new partnerships with some of Asia’s biggest online businesses. South East Asia and India are home to some of the fastest-growing companies in retail, travel, fintech, logistics, and mobility and they represent a significant expansion opportunity for Cover Genius. Arijit brings a strong understanding of the market nuances, the end-to-end insurance value chain and regulatory framework and is well placed to lead the APAC team and drive the expansion of Cover Genius in SEA and India.”
Speaking on his appointment, Chakraborty said: “Cover Genius has built an impressive insurance distribution platform and instant payment capability that has overcome many of the traditional restrictions to true global insurance distribution. With longstanding partnerships with some of the world’s biggest names in digital and a well established global licensing framework, Cover Genius is the ideal partner for Asia’s largest online companies as they look to tap into the huge opportunity that exists in selling insurance in the booking or purchase path.”
With more than 15 years of experience, Chakraborty has been in senior leadership roles with leading global insurers like Manulife and Zurich. He is actively involved in the start-up ecosystem and has been building insurtech businesses in SEA for the past few years. Arijit holds a Master of Laws from National University of Singapore.
About Cover Genius:
Cover Genius is a global insurance technology company with offices in North America, the United Kingdom, The Netherlands, Germany, Japan, Singapore, India, Korea, Indonesia, Malaysia, Thailand, New Zealand, and Australia. Cover Genius’ vision is to protect all the customers of the world’s largest online companies and it counts some of the world’s biggest online brands including Booking Holdings (NASDAQ:BKNG), eBay, ShipStation, eTraveli, Shopee (NYSE: SE), Automatrix, AXS and National Express among its partners. Cover Genius’ award-winning technologies include XCover, it’s global insurance distribution platform and XClaim, an API for instant payment of approved claims that delivers an NPS of +65, a result that has been independently recognized as the highest for any insurance company globally. XClaim executes thousands of bank transfers per month into 90+ currencies, and it also allows partners or customers to choose other forms of payment including store credit, e-wallet and card top-ups.
Cover Genius co-creates insurance products with partners, enabled by its ability to produce regulated products in 60+ countries & all 50 US States.