Mumbai: The Insurance Brokers Association of India (IBAI) has announced the appointment of Pranav Kapadia as its Deputy Secretary General, effective February 2, 2026. The appointment comes at a time when the Indian insurance sector is witnessing rapid digital transformation alongside evolving regulatory frameworks.
In his new role, Kapadia will focus on strengthening IBAI’s mission of safeguarding broker interests while promoting a more transparent, efficient, and consumer-centric insurance ecosystem. He will also play a key role in deepening engagement with the Insurance Regulatory and Development Authority of India (IRDAI) and other key industry stakeholders.
Shri. Kapadia brings over 17 years of multidisciplinary experience across the insurance sector, with hands-on expertise in finance, compliance, and governance, and close working experience with insurance brokers. His integrated exposure provides him with a strong understanding of industry challenges, positioning him to effectively represent the broking community in policy and regulatory discussions.
Commenting on the appointment, Narendra Bharindwal, President, Insurance Brokers Association of India, said, “Shri. Pranav Kapadia’s appointment reinforces IBAI’s commitment to strengthening the role of insurance brokers in India’s evolving financial services landscape. His diverse experience and strategic insight will be invaluable in advancing our advocacy efforts and enhancing the professional stature of the broking community.”
Speaking on his new role, Pranav Kapadia, Deputy Secretary General Insurance Brokers Association of India, said, “This is a critical phase for the Indian insurance sector, and I am excited to be part of IBAI’s journey in shaping its future. My focus will be on strengthening industry collaboration, supporting progressive policy engagement, and ensuring that insurance brokers continue to play a vital role in serving customers effectively.”
With a blend of operational expertise and regulatory insight, Shri. Kapadia is expected to play a key role in supporting IBAI’s efforts to elevate the professional standing of insurance brokers and reinforce their position as trusted advisors to consumers.
