Future Generali India Life Insurance appoints Alok Rungta as Managing Director & CEO

Future Generali India Life Insurance has on Friday, March 1, announced the appointment of Alok Rungta to the position of Managing Director and CEO effective April 1, subject to receipt of necessary regulatory approvals. Alok, currently serving as the Deputy CEO and CFO, will take the reins from Bruce De Broize, who is the MD & CEO until March 31.

Talking about the development, Jaime Anchustegui Melgarejo, CEO International at Generali, said, "Alok’s appointment as MD & CEO marks a significant moment for Future Generali India Life Insurance. His leadership skills and deep understanding of diverse markets positions him well to steer the company towards continued growth. As a Group, we have constantly invested in development programs that are designed to equip our employees with the skills and experience they need to reach their full potential, while nurturing their talent. Alok’s elevation is a true testimony of the success of an effective planning.”

Rob Leonardi, Regional Officer International – Asia at Generali, said, "We express our sincere gratitude to Bruce for his exceptional leadership and invaluable contributions made to Future Generali India Life Insurance. We now welcome Alok as our new MD & CEO for the company. His proven track record of driving growth and profitability, coupled with a strategic vision for the Indian market, aligns seamlessly with our commitment to delivering innovative insurance solutions. We eagerly anticipate witnessing the company's accomplishment and expansion under his guidance."

Alok Rungta has a background spanning over two decades in the insurance industry. He is presently the Deputy CEO & Chief Financial Officer (CFO) at Future Generali India Life Insurance since February 2023. Earlier, he held executive positions at prominent insurance companies in the Philippines, Hong Kong and India.

Speaking about his new role, Alok said, “Being a part of Future Generali India Life Insurance, elevating a leadership position is both a privilege and a progression. I'm committed to continuing the good work of my predecessors, focusing on steady growth and creating a difference. Leading in the dynamic Indian market, my goal is to bring new ideas, expand our reach, and ensure we add value to the lives of our customers and stakeholders.”