Square Insurance welcomes Akash Parwal as CEO and Co-Founder

By Gloria Mathias

Square Insurance has announced the appointment of Akash Parwal as Chief Executive Officer (CEO) and Co-Founder. This leadership addition reflects the company’s commitment to driving growth and innovation across the evolving insurance landscape.

With nearly 2 decades of expertise in the insurance sector, Parwal has excelled in leadership positions at institutions like HSBC Innovation Banking, ICICI Lombard, Tata AIG, and most recently as Vice President at Reliance General Insurance.

His deep understanding of industry dynamics, coupled with a proven ability to implement growth-oriented strategies, will be pivotal in shaping Square Insurance’s trajectory. As CEO, Parwal will focus on enhancing product penetration, scaling technology-driven solutions, and expanding customer reach. His leadership will further fuel the company’s digital-first approach, enhancing customer accessibility and convenience while driving innovation in product development. This appointment comes as Square Insurance positions itself to tap into underserved markets, becoming a disruptor in both urban and rural insurance sectors.

Square Insurance Founder Rakesh Kumar shared, “We are pleased to welcome Akash as CEO at this critical stage of our growth. His vast experience, innovative mindset, and commitment to excellence make him the ideal leader to guide Square Insurance into its next phase. As Co-Founder, Akash’s collaboration will help refine our strategy and execution, ensuring that we continue setting industry standards while delivering value to our customers.”

CEO and Co-founder of Square Insurance, Akash Parwal, said, “I am honoured to take on this responsibility at such an exciting time for Square Insurance. As CEO, my goal is to accelerate the company’s growth by leveraging cutting-edge technology, expanding our product portfolio, and enhancing customer engagement. We have a clear roadmap for the future, and I’m confident that with our team’s dedication and the support of our partners, we will achieve significant milestones in the coming years. Together, we will shape Square into a leading force in the industry.”

At a time when India’s insurance sector is undergoing significant transformation, with increasing demand for personalised, tech-driven solutions, Parwal’s vision will enable Square Insurance to remain at the forefront of these market shifts.