Coverfox.com, the online insurance marketplace, has announced the appointment of Premanshu Singh as the Chief Executive Officer (CEO) of the company. Singh’s appointment is part a of planned leadership transition, as he succeeds Varun Dua, who has moved on to set-up a new online general insurance company. Singh is a strategic thinker and an expert in scaling-up businesses.
He will spearhead and lead the strategic growth at Coverfox across critical business areas including strategic business planning and development, partner management and customer engagement, driving engagement through new touch points and overseeing transformational customer experiences while including newer products with attractive and customized price points. His primary focus will be on sustained business viability and charting a suitable course for the future.
Singh brings to Coverfox more than a decade’s experience across sectors namely FMCG, technology and start-ups. His understanding of the dynamics of working across MNCs and start-up environment/ecosystem allows him to approach and solve complex business problems from both sides of the ecosystem.
Singh, an MBA from IIM, Ahmedabad, joins Coverfox from Practo where he was the Vice President - Marketing. He has led senior level roles in strategic planning, marketing, sales and business development at leading corporates such as Johnson & Johnson, SMSGupShup, People Interactive, Shaadi.com, Webaroo Technologies and ITC Ltd. He co-founded a2zbaby.com in 2011, an ecommerce store wherein parents can find products of their choice for their kids. He is also an active Angel Investor, Coverfox being one of his early investments.
Commenting on the appointment, Devendra Rane, Founder and Chief Technology Officer, said, “I am pleased to welcome Singh to Coverfox family, said. Singh is one of the early startup specialist and thought leader in the industry. He brings valuable experience as a leader, learner and someone who has his ears to the ground and feet on street approach. His illustrious track record and value system make an ideal choice for an organisation of our size and repute. He is aligned with our vision of using technology to take insurance to the last mile. We could not think of a better person to help support Coverfox through its next exciting chapter of growth. I wish Singh a successful innings at Coverfox.”
Commenting on his appointment, Singh said, “Insurance is still in its nascent stages in India but a market growing at a very fast pace with exponential growth prospects. Coverfox has set-up newer benchmarks and milestones in the within the online insurance space with their service commitments, product portfolio, partnerships, ever evolving technology and investment in creating customer experience. I've long admired the company’s enviable brand positioning and am glad to be a part of the Coverfox Team. I look forward to working with the team and creating more innovative products as per the need of the customers and lead in this space.”
Coverfox.com is India's online insurance marketplace where you can compare, buy and manage your insurance policies. The portal helps bring transparency, simplicity, and ease to the process of buying and managing insurance in India. Using its proprietary technology and algorithm based platform, users can compare and choose from a range of plans across top insurance companies, understand key features and buy policies instantly and safely. Once bought, it handholds and helps them through the tedious claims process. Coverfox currently offers health, car, bike and travel insurance policies.
Coverfox is run by Glitterbug Technologies, a tech company which has received Series A & B funding from global funds such as SAIF partners, Accel and Narayan Murthy’s Catamaran Ventures.