Synechron welcomes Rajeev Batra as Managing Director Insurance

By Edlyn Cardoza

Synechron, Inc., a leading digital transformation consulting firm focused exclusively on the financial services industry, recently announced that Rajeev Batra has joined the firm as Managing Director-Insurance, North America. Based in Chicago, Batra has over 25 years of experience across various insurance-focused leadership roles. He will be leading and expanding Synechron’s portfolio of insurance company relationships across its North American footprint.

Batra’s appointment, which is effective immediately, will allow Synechron to further build upon its successful financial services-led insurance industry growth momentum and increase Synechron’s deep digital, business consulting and technology business. In 2017, Synechron launched its proprietary InsurTech Accelerator program through its award-winning Financial Innovation Labs (FinLabs). The InsurTech Accelerator program provides Insurance Companies – brokers, agents, and underwriters – with a set of business-driven applications to address business challenges.

These solutions leverage Synechron’s digital innovation expertise and include Artificial Intelligence/Cognitive Machine Learning, Robotic Process Automation, Blockchain, Mobile Applications & Customer Experience Design and the Internet of Things (IoT). Additionally, Synechron has now expanded its offerings to retirement plan platform providers and developed an advanced AI toolkit specialising in the Insurance industry, which aimed at resolving technical challenges in areas such as Digital Underwriting, Digital Onboarding, Coverage Recommendations, Claims Processing, Sentiment Analysis and many more.

Batra brings Synechron more than 25 years of experience across a variety of insurance-focused leadership roles. He recently worked at Capgemini as a Vice President and has extensive experience with insurance industry relationship building, developing go-to-market strategies, furthering targeted client acquisitions, managing strategic account management, and developing InsurTech partnerships to facilitate front-, middle-, and back-office industry-leading solutions.

In announcing Batra’s appointment, Faisal Husain, Co-founder and CEO at Synechron, said, “We are pleased to have someone with Rajeev’s depth of knowledge, broad experience and understanding of the insurance industry domain joining our Synechron team. Insurance technology services has been one of our core capabilities within our niche financial services industry focus and we will continue to accelerate digital transformation for the insurance industry with our partners and clients.” He added, “We know that Rajeev will become a trusted change partner they can rely upon.” 

“I am extremely happy to now be a part of Synechron, working alongside many talented individuals all aligned on our mission,” said Rajeev Batra, Synechron’s newly appointed Managing Director – Insurance, North America. “The insurance industry is facing critical challenges. This includes the need to modernise decades-old heritage systems, processes and applications, real competitive threats from digitally savvy startups, and the need to embrace cutting-edge technology and digital innovation to provide enhanced product and service capabilities to customers. In addition, insurance enterprises will need help understanding the new insurance landscape and envisioning the future of insurance. Niche and well-respected players, like Synechron, have the experience and innovative culture to address these challenges and others. Together, Synechron and I are working toward the shared realisation of a highly beneficial digital transformation for insurance enterprises to energise, empower and grow their companies.” He added, “I look forward to working with my Synechron colleagues to enable many insurance firms to provide top notch products and services that will delight their customers and provide future growth potential.”  

Recently, IBS Intelligence reported that Synechron, Inc. joined Green RWA, the acclaimed non-profit network dedicated to developing tools for financial institutions to manage the long-term risks associated with climate change.