Mohua Sengupta

ICICI Lombard has appointed Parag Lokhande as Head of Data Science, AI, and Startup Initiatives, underscoring the insurer’s strategic focus on AI-driven innovation and collaboration with emerging startups. In this role, Parag will lead the development and deployment of advanced machine learning and data science solutions aligned with the company’s digital transformation and long-term growth strategy. Parag shared with ETCIO that his priority will be to co-create future-ready solutions by working closely with the startup ecosystem, enabling ICICI Lombard to accelerate innovation and enhance operational efficiency. With over 20 years of experience in analytics, AI, and digital transformation within the BFSI sector, Parag previously served as Vice President & Head of Data Science, AI & Analytics at HDFC Life. His leadership also spans key roles at GE Capital, Genpact, HSBC, and RBL Bank. An engineering graduate from Mumbai University, he has also completed executive education at IIM Ahmedabad. At ICICI Lombard, he is poised to shape a resilient and forward-looking AI innovation roadmap. #ICICILombard #ParagLokhande #AILeadership #DataScienceInInsurance #StartupInnovation #DigitalTransformation #BFSIInnovation #MachineLearningIndia #Insurtech #CXOAppointments

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We are proud to share that HDFC ERGO has continued its collaboration with IIM Bodh Gaya by delivering an industry-led elective course on Health Insurance & Managed Care for the Healthcare Management track. Our subject matter experts designed a curriculum covering crucial areas including the Health Insurance Ecosystem, Underwriting, Claims, Customer Experience, and Brand Strategy. Through interactive sessions and case studies, the course enabled students to gain practical insights into the insurance sector. Supported by our Learning Academy, VidyaaVriksh, this initiative reflects our commitment to equipping future leaders with the knowledge and skills to excel in the evolving healthcare and insurance landscape and to grow together with HDFC ERGO. #HDFCERGO #GeneralInsurance #IIMBodhGaya #GrowTogetherWithHDFCERGO #HealthManagement Sudakshina Bhattacharya, CPCC, PCC | Niraj Naik | Shruti Sethi | Dr.Surya Prakash | Sibesh Sen | Indian Institute of Management Bodh Gaya | IIM Bodh Gaya MBA - Hospital and Healthcare Management | Sumeet Sharda | Dr. Saravana Kumar | Gaurav Paruthi | Ketki Naik | Swapnarag Swain

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Bharatsure, an Insurtech startup offering Infrastructure as a Service (IaaS) solutions, has raised Rs 6 crore in funding from Gurugram-based Inflection Point Ventures (IPV) and other investors, including Capital A and Atrium Angels. The startup's Infrastructure-as-a-Service (IaaS) platform enables organizations, ranging from SMEs to large institutions, to offer modular insurance solutions that are scalable, and easy to deploy. Read the full story here:👇 https://lnkd.in/dshK68DB #insurtech #funding #investors #investment #iaas #startup #indianstartupnews

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🏆 Nominate for upcoming editions. Click here 👉 https://lnkd.in/gekxe59y ICICI Lombard Names Parag Lokhande as Head of AI, Data Science, and Startup Initiatives.! In a move that underscores its commitment to digital transformation, ICICI Lombard has appointed Parag Lokhande as Head of Data Science, AI, and Startup Initiatives. This strategic hire signals the insurer’s sharp focus on leveraging AI-led innovation and startup collaboration to drive its next phase of growth. Driving AI-Powered Innovation in Insurance Lokhande will be tasked with building and implementing advanced machine learning and AI solutions that support ICICI Lombard’s long-term objectives in enhancing customer experience, boosting operational efficiency, and unlocking new value in the fast-evolving insurance landscape. “My focus will be on designing AI solutions that can be scaled across the organization and co-developing future-ready innovations with startups,” Lokhande shared in an interview with ETCIO. 20+ Years of Expertise in BFSI Analytics Lokhande brings over two decades of experience in data science, analytics, and AI within the BFSI sector. Prior to joining ICICI Lombard, he served as VP & Head of Data Science, AI & Analytics at HDFC Life, where he played a pivotal role in building data-driven strategies across underwriting, customer service, and business operations. His career spans leadership roles at GE Capital, Genpact, HSBC, and RBL Bank, where he consistently led initiatives at the intersection of technology, innovation, and business strategy. An engineering graduate from Mumbai University, he has also completed executive education at Indian Institute of Management Ahmedabad, equipping him with both technical depth and strategic acumen. Strengthening the Startup Ecosystem for Co-Creation At ICICI Lombard, Lokhande will also lead efforts to partner with emerging startups, aiming to foster a culture of co-creation and agile innovation. His role will be instrumental in shaping the insurer’s AI roadmap, integrating new-age solutions into core processes, and accelerating time-to-value through startup engagement. With Parag Lokhande’s appointment, ICICI Lombard is doubling down on its mission to become a tech-forward insurer. His deep domain expertise in AI, data science, and BFSI innovation positions the company to lead the way in digital-first, customer-centric insurance experiences. #LeadershipAnnouncement #AIinInsurance #Insurtech #DataScienceLeadership #DigitalTransformation #MachineLearning #StartupInnovation #CustomerExperience #InsuranceTech #BFSIInnovation #ICICILombard #ParagLokhande #AnalyticsInInsurance #AILeadership #Announcement #Digital #Insurance #Startup #ICICI #Bank #Tech ##AnnouncementNews

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Arch Capital Group Ltd. 𝗘𝘅𝗽𝗮𝗻𝗱𝘀 𝗚𝗹𝗼𝗯𝗮𝗹 𝗙𝗼𝗼𝘁𝗽𝗿𝗶𝗻𝘁 𝗶𝗻 𝗜𝗻𝗱𝗶𝗮 Arch Capital Group has announced the launch of its new Global Capability Centers (GCCs) in Trivandrum and Pune, with a third planned in Hyderabad. These centers will play a pivotal role in enhancing service delivery across Arch’s Insurance, Reinsurance, and Mortgage Insurance operations. Backed by partners like ANSR and Khaitan & Co, this move highlights the growing importance of India’s talent ecosystem in global operations — especially across analytics, technology, and business services. Read More : https://lnkd.in/gW4rZhwg Muhammed Noufal Y | Jeff Kaufmann | Patrick Palmer | Greg Hare | Chris Hovey | Nicolas Papadopoulo | Maamoun Rajeh | Hugh Sturgess | Duncan Smith #GCCIndia #GlobalCapabilityCenters #ArchCapitalGroup #IndiaExpansion #InsuranceTech #InnovationInIndia #GCCNews

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At the 3rd Annual Insurance Claims & Fraud Detection India Summit 2025, Mangesh Gandhi, Executive Vice President – Head Claims Legal Bajaj Allianz General Insurance took the stage to share powerful ideas that every insurer needs to hear. He spoke about: 1️⃣ Moving from eDAR to E-Courts with unified claim application forms & document management systems 2️⃣ Enabling online evidence access for insurance providers 3️⃣ Promoting long-term motor insurance policies for better coverage and compliance 4️⃣ Reforming the Central Motor Vehicles Act to better support real victims These insights highlight the importance of building a more transparent, efficient, and customer-centric insurance ecosystem. #Insurance #FraudDetection #ClaimsAutomation #AI #InsuranceInnovation #AutomationEdge Prasad Likhite Rahul Wandile Archi Upadhyay Sushilsingh M Chauhan Sauhard Bikram Pal Kishor Vengal Meena Kulkarni Inventicon Business Intelligence Pvt. Ltd.

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#Update Bharatsure Secures INR 6 Crore to Expand Insurtech Offerings Bharatsure, an insurtech startup, has successfully raised INR 6 crore in a funding round led by Inflection Point Ventures, with participation from Capital-A and Atrium Angels. The newly secured capital will be used to bolster the company's insurance infrastructure and broaden its embedded and group insurance solutions nationwide. Co-founder and CEO Anuj Parekh emphasized that the funding will enable Bharatsure to further develop its infrastructure and support partners. Founded by Anuj Parekh and Sanil Basutkar, Bharatsure provides "insurance infrastructure as a service," allowing businesses to seamlessly integrate group and modular insurance products. The company recently partnered with Battery Smart to offer natural calamity insurance for EV station partners. Bharatsure currently covers over two lakh lives and aims for significant scaling in the coming years. Read the story: https://ow.ly/ni9e50Wv4U4 #Insurtech #InsuranceInnovation #FundingNews #Bharatsure #InsuranceSolutions #EmbeddedInsurance #StartupFunding #TechForGood #EVInsurance #GroupInsurance

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