Aalok Jangale
About Aalok Jangale
Aalok Jangale serves as the Manager of the Government Business Group at ICICI Lombard, where he has significantly increased the wallet share of the Common Service Centre channel. He holds a PGDRM from the Institute of Rural Management Anand and has a background in civil engineering.
Current Role at ICICI Lombard
Aalok Jangale serves as the Manager of the Government Business Group at ICICI Lombard. He has held this position since 2018, focusing on enhancing the company's presence in the government sector. His responsibilities include developing strategies to increase market share and improve service delivery. Under his management, the Common Service Centre channel's wallet share increased significantly, demonstrating his effectiveness in driving business growth.
Education and Expertise
Aalok Jangale has a solid educational background in management and engineering. He completed his Post Graduate Diploma in Rural Management (PGDRM) at the Institute of Rural Management Anand from 2016 to 2018. Prior to that, he earned a degree in Civil Engineering from Gujarat Technological University from 2011 to 2015. His foundational education includes studies at CVM Higher Secondary School and St. Anne's High School, which provided him with a strong academic foundation.
Professional Experience
Before joining ICICI Lombard, Aalok Jangale gained valuable experience through internships. In 2017, he interned at Siddhi Vinayak Agri Processing in Mumbai for one month and at Devyani Food Industries (P) Ltd in Jharkhand and West Bengal for another month. These internships allowed him to develop practical skills and insights into the industry, which he later applied in his role at ICICI Lombard.
Achievements in Government Business
In his role at ICICI Lombard, Aalok Jangale achieved notable milestones in the Government Business Group. He successfully increased the Common Service Centre channel's wallet share from Rs 0 to Rs 200,000 per day over three years in Maharashtra and Goa. He also implemented a product mix strategy that balanced Own Damage and Liability motor policies, contributing to the company's long-term stability. His efforts led to a market share of 25% in Maharashtra and 60% in Goa, earning him the Frontier'19 award.
Marketing and Collaboration Initiatives
Aalok Jangale has organized various local marketing activities, including vehicle check-up camps and district-level product workshops. These initiatives aimed to enhance customer engagement and promote the company's offerings. Additionally, he collaborated with cross-functional teams, including Underwriting, IT, Process, and Business Strategy Group, to facilitate channel partner integration, ensuring a cohesive approach to business development.