ACKO announced the appointment of seasoned insurance professional Sandip Goenka as the Chief Executive Officer of its recently launched life insurance business. As a founding member of ACKO Life, Sandip has played a key role in establishing the D2C life insurance business. He comes with experience in life, health, general insurance, reinsurance, and insurance consulting. He joined ACKO in January 2023 as CFO.
In his new role, Sandip will be anchoring the business, while also playing a pivotal role in strategically directing ACKO Life. He will be instrumental in developing the company’s initial product offerings and ensuring the necessary systems and processes are in place to support the business’s long-term growth. His responsibilities encompass a broad spectrum of leadership and management functions, including overseeing business & customer strategy, driving operational efficiency, ensuring financial performance, fostering investor relations, and upholding corporate governance standards.
An actuary from the Institute of Actuaries of India and the UK Actuarial Institute with a specialisation in health & life insurance, Sandip knows strategic business management and growth, actuarial know-how, mergers and acquisitions, and insurance regulatory understanding will add unparalleled value to the company. He also has expertise in cross-cultural experiences from India and other global markets, such as the UK and Singapore, which will prove advantageous to ACKO and its growth.
Before ACKO, Sandip was associated with Exide Life Insurance as the Chief Financial Officer. He has also spearheaded leadership roles at TATA AIA, EY, to name some.
“The role aligns perfectly with my passion for driving growth and delivering exceptional value and I look forward to leading the team in building a strong and sustainable life insurance business that meets the evolving needs of Indian consumers,” said Sandip.
Commenting on Sandip’s appointment, Varun Dua, Founder of ACKO said, “Sandip has been instrumental in establishing the life insurance business at ACKO and we are certain his vast experience in the insurance industry will be a catalyst in driving business. It is a pleasure having him onboard.”