Jaipur | Sept 09: Square Insurance Brokers Private Limited has appointed Kapil Baraya as Head of Department, Corporate & Commercial Lines. In his new role, he will also oversee the company’s life insurance business.
Kapil brings over 18 years of experience in the corporate insurance sector, with expertise in corporate risk management, complex insurance programmes and customised insurance solutions. His areas of experience include liability, trade credit, cyber insurance and liability claims management.
Before joining Square Insurance Brokers, Kapil was Executive Vice President at Marsh India Insurance Brokers, where he was part of the Sales Practice in Gujarat and managed large and complex insurance mandates across the pharmaceutical, manufacturing and BFSI sectors. Earlier, he held leadership positions at Bharti AXA, TATA AIG and ICICI Lombard, gaining experience across underwriting, client servicing and insurance programme design.
Commenting on the appointment, Rakesh Kumar, MD and Founder , Square Insurance said, “Kapil brings strong experience in corporate insurance, risk advisory and complex insurance programmes. His understanding of evolving corporate risks and client needs will strengthen our corporate and commercial insurance practice. His additional responsibility for our life insurance business will also support our plans to build a broader insurance offering for clients.”
Adding to this, Akash Parwal, CEO and Co-Founder, Square Insurance Brokers Private Limited, said, “Kapil’s appointment reflects our commitment to building a team that can deliver real depth and expertise to our clients. As we expand our corporate and commercial insurance business, having someone with Kapil’s calibre leading this vertical gives us strong confidence in the road ahead. We are equally focused on growing our life insurance business, and Kapil’s dual mandate is well-aligned with that vision.”
Kapil Baraya, HoD, Corporate & Commercial Lines, Square Insurance Brokers Private Limited, said, “I am delighted to join Square Insurance Brokers at an exciting stage of its growth. Corporate insurance is evolving rapidly, with businesses facing new and complex risks. I look forward to working with the team to develop relevant solutions for clients and strengthen our presence across general and life insurance.”
In his new role, Kapil will lead the corporate and commercial lines business, manage key client relationships, drive business growth and build the team.
About Square Insurance Brokers Private Limited -Founded by Rakesh Kumar, Square Insurance is a Rajasthan-based insurtech startup bridging the gap between customer needs and tailored insurance solutions, with a strong focus on rural India. Since 2017, it has partnered with 53+ insurers to offer competitive premiums and personalized coverage. The company has raised $3 million in equity funding from BizDateUp, Negen Capital, and angel investors, along with $1 million (₹8.3 crore) from Recur Club to expand its rural presence. Square Insurance is also investing in micro-insurance and forging partnerships with fintech and e-commerce players to enhance insurance access in underserved markets.
