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Gaurav D. Garg, Regional President, Growth Markets

Career notes
Gaurav D. Garg is Regional President of Mercer's Growth Markets region. He is responsible for Mercer's businesses in Asia, Middle East, Africa and Latin America. Gaurav brings with him 26 years of diverse, well-rounded, and global experience. Prior to joining Mercer, Gaurav was with AIG, where he managed diverse portfolios in various geographies globally, including markets in different stages of evolution – from mature to developing. Most recently he was the CEO and Managing Director of Tata AIG General Insurance Company Ltd. in India and continues as Advisor to the Board of Directors and senior management of the company.

 

Gaurav holds a master's degree in Business Administration, and is an alumnus of the Wharton Advanced Management Program. He is also a Fellow of the Insurance Institute of India and a Member of the Chartered Insurance Institute, UK. He started his career in 1986 at National Insurance Co, India, where he handled a range of portfolios from retail insurance to insuring large engineering projects.

 

Gaurav joined AIG in 2000, in India, as Country Head, Personal Lines and was a part of the start up team that launched Tata AIG in India. In 2002, he took additional responsibility for Middle East and South Asia. In 2004, he went on to head field operations for the Personal Lines of Business, at AIU/AIG New York. As Vice President of Field Operations, Gaurav was responsible for six regions globally (namely Europe, CE/CIS, Mediterranean, Middle East & Asia Pacific, China and Australasia regions), as well as Global Distribution for Personal Lines. In this assignment, Gaurav has a track record of setting up and starting successful business operations in various countries in Asia and Middle East.

 

In July 2007, Gaurav took the role of CEO & Managing Director of Tata AIG General Insurance Company Ltd., India, where he successfully led the Company into a free pricing regime and through the global economic crises in 2008. In a short span of time he added to the momentum of the company and launched various new lines of business and accelerated geographic & distribution expansion, making Tata AIG one of the fastest growing private non-life insurance companies in its peer group. During his tenure at Tata AIG, the Company and Gaurav received numerous awards in recognition for the achievements in various fields of the business.

 

Gaurav has held positions like the Chairman of General Insurance Committee at Bombay Chamber of Commerce from 2008-2010 and has been member of several committees on trade bodies like the Federation of Indian Chambers of Commerce and Industry (FICCI), Confederation of Indian Industry (CII), and the Accounting Standards Committee at the Indian Merchants' Chamber. He is a member of Indo-American Chamber of Commerce, and on the Board of Directors and Executive Council of US India Investors Council (USIIC), India.

 

Additionally, Gaurav has been a guest lecturer at University of Connecticut for their leadership programs, and has been an active participant at the Manhattan Round Table of the US India Business Council in the United States. He has also been speaker on various industry forums internationally and an active participant on panel and roundtable discussions. He has authored the Chapter on "Role of Insurance Intermediaries in the Emerging Markets" in the book titled Indian Insurance Industry -Transition & Prospects.

 

Education
Gaurav holds a master's degree in Business Administration, and is an alumnus of the Wharton Advanced Management Program. He is also a Fellow of the Insurance Institute of India and a Member of the Chartered Insurance Institute, UK.