Praxis Global Alliance, the global management consulting and advisory firm, has appointed Vishal Bhave as its domain leader in the financial services practice. Bhave has played leadership roles across various life, health, and general-insurance companies including ICICI Prudential, Apollo Munich and TATA AIG.
He has experience in consumer banking and insurance, in the areas of product management, sales and distribution, strategy, distribution development, marketing, and business transformation. He has also led business lines at the national level with P&L responsibilities and interfaced with the external environment effectively as well.
The insurance industry is going through changes, led primarily by technology, and changing customer preferences. COVID-19 has impacted key operating parameters of the industry including distribution channels, claims, and customer service, accelerating the adoption of digital modes. The company expects these trends to further accelerate, driven by concerted action by insurers as well as Insurtech players. Bhave’s rich experience in financial services will help Praxis grow and deliver tangible, sustainable value for clients.
Bhave will be focusing on the insurance segment, and work with clients on issues ranging from sales and distribution strategy, performance management, digital transformation, business planning, and product management.
“I am excited to be associated with Praxis and the platform it provides to add real value to clients through its unique execution focussed consultancy model. The Insurance sector is at the cusp of real change. The pandemic has presented an opportunity to transit the sector from ‘push’ towards ‘pull’ and from ‘customer-centricity’ to ‘customer obsession’. Only those who show humility in accepting the unknowns and agility in response will succeed. I look forward to being part of this exciting journey,” commented Vishal Bhave, domain leader, financial services, Praxis Global Alliance.
“The Indian insurance sector is on the cusp of a major transformation led by technology, enabling regulations, and growing customer appreciation for protection products. We are excited at the opportunity of working with Vishal and taking our insurance practice to new heights,” said Shishir Mankad, Head, Financial Services Practice, Praxis Global Alliance.
Welcoming Vishal to the Praxis platform, Madhur Singhal, Managing Director, Praxis Global Alliance, added, “We are delighted to have Vishal onboard the Praxis family. His rich, hands-on experience will no doubt help us deliver better outcomes to our valuable clients in the insurance practice.”
An organization identified by its high-growth and agile culture, Praxis Global Alliance has applied a unique style to management and business consulting combining practical industry knowledge and experience brought by Advisors and Domain Leaders with the consultant problem-solving approach and toolkits. In its niche ‘Advisor and Domain Leadership or DL model’, leading industry experts drive projects hand in hand with consultants to ensure deep on-ground expertise and innovation simultaneously for higher ROI.
The company believes in delivering superior outcomes enabled by a unique practitioner expertise-led model, full-stack capability, flexible and cost-efficient service model. This unique consulting experience is the way forward for building sustainable business outcomes in the transformative times of today.