Board of Directors

N.S.R. Chandra Prasad

N.S.R. Chandra Prasad

Independent Non-Executive Director
He is a commerce graduate from Andhra University, Visakhapanam and possess a professional qualification in Banking (CAIIB-I); Fellow, Insurance Institute of India (FIII, India), and an Associate Chartered Insurance Institute of Nigeria (ACIIN).
 
He is accomplished Insurer, and Administrator equipped with track record in diverse areas of the company functions with almost 36 years’ experience. His career encompasses the non- life insurance sector, and he has held several key positions in Marketing, Operations, Technical, Reinsurance and Customer Service, as well as Personnel and Training.
 
His tenures in various positions and various times had been quite successful as he headed the National Insurance Company Limited (India) which grew from a position of weakness to a position of strength. As a result, the company rose to the second position in the Indian non-life insurance sector, only behind the New India Assurance Company Limited.
 
He was the erstwhile Managing Director of Prestige Assurance Plc between 2002 and 2006, the period which saw the Company grew in muti-fold both in terms of top line and bottom line in less than 4 years. Further, the period in question witnessed several transformational initiatives which includes but not limited to Marketing and HR, Information Technology, Investment-Lease Finance, etc. This led to a substantial and perceptible improvements in qualitative and quantitative performance of the company with enhanced visibility.
 
Further, during that time, Prestige Assurance Plc won the prestigious PEARL AWARD as the best insurance company in the insurance sub-segment of the Nigerian Stock Exchange for the year 2005. That period also saw the completion of a successful and oversubscribed Rights Issue and the initiation of a very successful IPO, both at an issue price, five times the face value of the company’s share.
 
He was appointed a Non-Executive Director of Prestige Assurance Plc on 17th September 2021.