Paper Abstract

Suresh Balakrishnan

OF COUNSEL

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Mr. Suresh Balakrishnan has extensive experience while working exclusively in the insurance, reinsurance and risk management industry for 25 years in India.

He has done pioneering work in the following aspects:

 

  • First ‘Liability Insurance’ for a technology company in 1999 in India;

  • First ‘Directors and Officers Liability Insurance’ (D&O) Policy in Sri Lanka;

  • First ‘Cyber Security’ Policy for a technology company in 2008;

  • One of the first ‘Cyber Security’ Policy for a bank in 2014;

  • Managed the largest Public Offering of Securities Insurance (POSI) in 2007-08 in India for a limit of USD 200,000,000;

  • Structure of technology companies to stabilize and manage risk;

  • Cyber Security tool for insurer and insureds benchmarked against global standards;

  • Health Insurance Forensic tool, a unique tool in India;

  • Risk Management and Insurance Programme for HDFC Bank since 1996;

  • Recently partnered by Professional Liability Underwriting Society (PLUS), the only partners for PLUS across the world for the event for Liability Insurance under the Bima Gyaan Series.

Suresh, being a protagonist in this domain, propagates setting up of an ADR under one of the arbitration councils dedicated to insurance to resolve insurance disputes expeditiously.

Education

  • B.Com

  • B.A.

  • ICWA (inter)