Pramerica Life Insurance has appointed Ms. Kalpana Sampat as the Managing Director & CEO of the JV company. Prior to this elevation, she was the Chief Operating Officer of this fully owned subsidiary of Prudential Financial, Inc.; which itself is a 140 year-old corporation.
Mr. Sunil Kumar Bansal, Chairman of Pramerica Life Insurance Limited, said, "Kalpana is a respected leader in life insurance with an exceptional record. The Board is optimistic that the company can deliver substantial strategic and operational progress under her able leadership.”
Prior to joining Pramerica Life Insurance, Ms. Kalpana Sampat was the CEO for Swiss Reinsurance Co., India branch and was instrumental in its launch in 2015. She is a certified ACMA, a Fellow of the Insurance Institute of India and Associate of the Chartered Insurance Institute UK. She has also been a guest faculty at the National Insurance Academy since 2003.
On her appointment, Ms. Sampat said, "I am honoured by our Company Board’s decision and appreciate the trust posed in me by the shareholders and the Board. Our joint venture partner ‘Prudential Financial Inc.’, is an incredible global institution with a proud history. I am excited to collaborate with all my colleagues, in writing the next chapter at Pramerica Life Insurance and am fully committed to the responsibility bestowed on me.”
This instrumental change in leadership is good news in a business climate where diversity, equity and inclusion is becoming equally important. Yet It will be interesting to see how Ms. Kalpana Sampat, a seasoned business leader with over three and a half decades of profound experience, aims to serve its customers with vigour and achieve greater heights with the company.