APA Apollo Group has announced the appointment of Dr. Dipankar Acharya as the new Chief Executive Officer of APA Insurance. Dr. Acharya brings a wealth of experience and expertise to the company, with a distinguished career spanning 37 years in the insurance industry.
Dr. Acharya’s career is marked by leadership roles in four major insurance groups, where he has spearheaded business operations for over three decades.
Dipankar served as the CEO and Director of Jubilee Allianz General Insurance Company of Tanzania, one of the largest insurers in the country, until June 2024. He had joined Jubilee Allianz Tanzania in May 2017. In addition to his role at Jubilee Allianz, Dipankar was also a Director with the Jubilee Health Insurance Company Tanzania.
Before his tenure at Jubilee, Dipankar spent 16 years (2001-2017) with Royal Sundaram (RSA Group), where he was the Country Head for Accident & Sickness Risk (A&SR). In this role, he was responsible for driving consistent top-line growth, achieving targeted combined operating ratios, and continuously improving underwriting results at the national level. He also played a key role in establishing new national partnerships and alliances for the company.
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Prior to his work at Royal Sundaram, Dipankar spent 13 years (1987-2001) with Oriental Insurance, a well-known government-owned general insurer. As a Divisional Head, he oversaw business development, underwriting, and claims settlement for his division.
During his time at Royal Sundaram, Dipankar also contributed to various insurance-related projects for the company in Dubai, Singapore, Hong Kong, and Shanghai.
His deep understanding of insurance products coupled with his proficiency in managing various distribution channels has consistently driven growth and profitability.
An alumnus of Delhi University, India, Dr. Acharya holds degrees in Economics and Management and is a Fellow of the Insurance Institute of India. He further enhanced his academic credentials by earning a PhD in Business Administration from AMU, India. He has also acquired a Professional Diploma in Digital Marketing from DMI.
APA Apollo Group expressed confidence in Dr. Acharya’s ability to lead APA Insurance into a new era of growth and innovation. His leadership, strategic vision, and in-depth knowledge of the insurance industry make him the ideal candidate to drive the company forward.