Digit Insurance, a new-age general insurance company, today announced the appointment of Jasleen Kohli as the new managing director (MD) and chief executive officer (CEO) of the company effective from 20 April, 2022. 

Kohli will take over the baton from Vijay Kumar who held the position since the company was founded in 2017, and will superannuate from the organisation on 19 April, 2022. 

“I am delighted about this new responsibility entrusted in me by the Digit team. While it will be hard to fill Vijay’s experienced shoes, I am excited about this challenge,” said Kohli on the announcement.

At 42, Kohli will become one of the youngest CEOs in the insurance industry. 

Prior to this, Kohli overlooked all sales and distribution channels of Digit as its chief distribution officer (CDO). She has been with the company since its inception and is also the first employee of Digit. Kohli has nearly 19 years of experience in the life and general insurance industry. She last served as the Director at Allianz Technology before joining Digit as the CDO in 2017. 

“The bold ideas that Vijay brought to the table and the guidance he provided across the board will surely be missed by all our colleagues including me. Jasleen’s agile market strategies and her prudent operational planning have aided the company in expanding its presence at an accelerated pace despite the pandemic. Her people and result-oriented focus will surely put Digit on the path of rapid growth that we have all envisioned,” said Kamesh Goyal, chairman, Digit Insurance, speaking about the appointment.

The parent company of Digit Insurance Go Digit Infoworks Services Private Limited is backed by Canadian billionaire Prem Watsa’s Fairfax Financial Holdings Limited. 

“I have had a fulfilling inning at Digit and I’m happy to see this baby grow into a giant player in such a short span of time. I am confident Jasleen will execute Digit's ambitious growth plans with ease and take the company to greater heights in the coming years. As a passionate veteran of this industry, I will keenly keep an eye on Digit as it transforms the insurance space through its tech capabilities in the coming years,” said Kumar, the outgoing CEO.

The Bengaluru-headquartered company also announced it has promoted Adarsh Agarwal from the role of Appointed Actuary to chief distribution officer (corporate business). Nikhil Kamdar has taken up the former position of Agarwal to become the new Appointed Actuary.