Square Insurance has appointed Akash Parwal as its new Chief Executive Officer (CEO) and Co-Founder. This leadership shift comes at a pivotal moment for the company as it seeks to cement its place in the insurance sector to stay competitive.

With nearly 20 years of experience in the financial services and insurance sectors, Parwal brings a wealth of knowledge and leadership expertise to his new role. His career has seen him rise through the ranks of prominent companies, including HSBC Innovation Banking, ICICI Lombard, Tata AIG, and, most recently, Reliance General Insurance, where he served as Vice President.

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.”

As the newly appointed CEO, his primary focus will be on increasing product penetration, scaling up the company’s technological capabilities, and broadening its customer base. By leveraging digital solutions, Parwal plans to drive accessibility and convenience for customers, all while ensuring that Square Insurance stays at the forefront of product innovation. His leadership aims to align the company’s operations with the fast-paced changes reshaping the insurance landscape, particularly the growing emphasis on digital-first approaches.

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.”