Insurtech startup RenewBuy has appointed Rahul Garg as its chief technical officer (CTO). 

In his new role, Garg will oversee products, technology, and digital services and will be responsible for devising tech-based strategy, to increase profitability of the company.

Garg brings with him an expertise of around two decades, in multiple roles in the IT industry. “An accomplished technology business leader, he has been instrumental in introducing online transactions of mutual funds. He has managed high performing/ large sized teams in his past organisations and is known in the industry for bringing in innovation and leadership skills,” the startup said in a statement.

Balachander Sekhar, CEO, RenewBuy said the next few years are significant for RenewBuy’s growth.  “We are moving from a pure agent led distribution to a multi-channel distribution platform, for which we are persistently building the tech stack of the company. We have recently ventured into the OEM space in the motor insurance category and are working towards an AI based claim settlement process for seamless claim intimation, processing, and settlement. Rahul will extensively focus on RenewBuy’s tech growth strategy; and I am confident that he will help in shaping up RenewBuy’s digital transformation solutions, further.”

“We are currently working on developing customised insurance products, using micro consumer behavior data, targeted at helping consumers in the smaller pockets. Rahul’s able leadership is significant in the successful development and implementation of such projects and RenewBuy’s overall 2.0 tech journey,” Sekhar added.

Rahul has been associated with organisations like Fidelity Business Services, Institute of Technology Kanpur, to name a few. He is an alumnus of Indian Institute of Technology, Kanpur and Indian Institute of Management, Calcutta.

“At RenewBuy, my focus will be to strike the right balance between the company’s business goals and technology stack. I will be working towards enhancing RenewBuy’s AI/ ML capabilities, real-time performance data and help in creating innovative consumer solutions. I am hopeful that I will be able to help the company scale its business to even greater heights, using technology as an enabler,” said Garg.