Ethos, an online life insurance provider in the U.S., has appointed Vijay Ratnam as its India Managing Director.
Ratnam’s remit in the role is to lead the company’s organizational culture, strategic resource management, and planning for growth and expansion in India.
Peter Colis, Chief Executive Officer of Ethos, commented, “Last year Ethos established its India footprint and launched a full-stack office in Bengaluru. We have onboarded a team of high-quality tech talent that is contributing to our overall product innovation, new product launches, and customer experience. The response has been remarkable, and we are excited to see the progress made so far.”
“Our plan is to continue to grow our world-class Engineering, Product, and Revenue teams in India by leveraging the incredible pool of technical talent available locally, and Vijay will be instrumental in helping us achieve this. Ethos India is a strong component of our global workforce, representing nearly all parts of our business. Together, we are poised to achieve remarkable milestones and contribute to Ethos’ continued success on the global stage.”
Ethos follows a technology-first approach integrating complex decision flows with a radically simple consumer experience, with the idea of getting high-quality insurance closer to its customers.
With nearly 95% instant approvals, Ethos has been growing and increasing its year-over-year momentum with aims to further expand its offerings by capitalizing on the vast tech, IT, and data analytics talent pool available in India.
Ethos has secured funding from leading investors in the U.S. such as Softbank Vision Fund 2; Sequoia Capital; Accel; GV (formerly Google Ventures); and General Catalyst, among others.
Ratnam, added, “I am thrilled to join the team and embark on this exciting journey at Ethos India. What began as a modest team in 2022 has now evolved into a significant force. India hosts one of the world’s largest reservoirs of tech and analytics talent.
“Our strategic vision involves establishing a significant business delivery team in India and assembling a cadre of specialists. We aim to achieve our mission of making life insurance accessible and affordable for all, positively impacting the lives of millions.”
