Smooth sailing as Policybazaar for Business adds a marine veteran

MUMBAI: When it comes to navigating choppy insurance waters, experience counts and Policybazaar for Business has just added plenty of it. The corporate insurance arm of Policybazaar.com has appointed Balasundaram R as Senior Advisory Board member and Head of Marine Practice, bringing more than four decades of general insurance expertise into the fold.

A veteran of India’s general insurance sector, Balasundaram’s career spans underwriting, claims management and complex solution structuring across multiple lines of business. Marine Cargo, in particular, has been a long-standing area of specialisation, with his work often balancing technical rigour and commercial realities to address sophisticated corporate risk profiles.

Beyond the numbers and policies, Balasundaram is known for building strong teams and sharpening channel capabilities, with a leadership style rooted in negotiation, mentorship and long-term capability building. His influence extends well beyond the workplace: as a visiting faculty member at institutions such as the National Insurance Academy and the College of Insurance, he has played a hands-on role in shaping the next generation of insurance professionals.

A regular speaker at industry forums organised by bodies including IUMI, IBAI, III and NIA, Balasundaram is regarded as a consistent voice on core insurance education and evolving risk frameworks credentials that align neatly with Policybazaar for Business’s advisory-led approach.

Announcing the appointment, Policybazaar for Business director Sajja Praveen Chowdary said Balasundaram’s four decades of hands-on experience, particularly in complex marine cargo and hull exposures, would add significant depth as the company strengthens its technical and advisory capabilities.

The move signals Policybazaar for Business’s intent to deepen domain expertise as Indian enterprises grapple with increasingly complex insurance needs ensuring that when risks rise, the guidance remains steady and seaworthy.