Cigna TTK Health Insurance, a joint venture between U.S.-based global health services company, Cigna Corporation and Indian conglomerate TTK Group, on 27th June 2018 announced the appointment of Mr. Prasun Sikdar as its new MD and Chief Executive Officer following regulatory approval from the Insurance Regulatory and Development Authority of India (IRDAI). He succeeds Mr. Sandeep Patel, former MD and Chief Executive Officer, who will take over as Chief Strategy and JV Officer for Cigna and will serve as Director on the Cigna TTK Health Insurance Board.
Prasun will be responsible for building upon the company’s already strong position in India. He will continue to focus on delivering innovative products and services to the company’s growing customer base. With his deep experience in partnerships, he will also be working with the leadership team to further expand the company’s distribution channels, while enhancing the brand and creating long-term value for the organization and its customers.
Prasun brings more than 22 years of leadership experience in financial services and deep insurance knowledge to Cigna TTK. Before joining Cigna TTK, Prasun was Group President and Global Head at Yes Bank, where he managed and grew key bancassurance and mutual fund alliances and partnerships.
Prior to this he was a founding member and Senior General Manager – Chief Sales & Distribution at ICICI Prudential Life Insurance. During his 17 years with ICICI Prudential Life Insurance, he worked across several portfolios including Operations & Underwriting, Bancassurance, Agency, Alternate Distribution, Health Business and Sales Strategy. Before ICICI Prudential Life, he has been associated with GE Capital (SBI Cards) and Citicorp.
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