Life Insurance Corporation of India (LIC) has appointed Shatmanyu Shrivastava as its Chief Risk Officer from March 15, 2025. The strategic appointment will enhance LIC's risk management abilities in the face of a changing insurance environment.
Major points:
Shrivastava has more than three decades of experience in the insurance industry
Earlier worked as Chief (Finance & Accounts) at LIC
Fellow of the Insurance Institute of India since 2000
Started in LIC in 1990 as a direct recruit officer in the 18th batch
The appointment has come at a time when LIC is strengthening its risk assessment and mitigation process. Shrivastava's vast experience in finance and actuarial sciences will help him significantly in protecting the interest of the policyholders as well as shareholders.
This step is part of LIC's consistent efforts to make its operations more modern and continue to be India's top life insurer in a more competitive environment.
Sources: LIC press release, LinkedIn profile of Shatmanyu Shrivastava, March 17, 2025