InsuranceMarket.ae appointed Hitesh Motwani as its new CEO. Founder Avinash Babur will step down from the CEO role to become Chairman. The leadership change comes as the UAE-based insurance platform enters a new stage of growth. Launched in 2010, InsuranceMarket.ae has become one of the leading insurance platforms in the UAE, combining insurance expertise, technology, and service. The brand has a reputation in the market with 30,000 Google Reviews and a 4.8 rating out of 5,
Motwani has been part of InsuranceMarket.ae for several years and has worked closely with the company’s business and growth plans. His promotion gives the company a leader with a strong understanding of its operations. Babur will be involved in the company's long-term plans while paying closer attention to Alfred Holdings, which he founded, chairs, and is a principal shareholder of.
Regarding his growth and new role, Motwani stated, “Taking on the responsibility of CEO is both an honor and a commitment,” adding, “My focus will remain on our people, our policyholders and our insurer partners, while continuing to make insurance simpler, smarter and more human.”
To his statement, Babur added, “Everything we have achieved has been made possible by the trust of our policyholders, the support of our insurer partners and, above all, our extraordinary team. This next chapter is about creating more leaders, raising the bar and building what comes next.”
The move does not mean a complete change in direction for InsuranceMarket.ae. Babur will remain closely involved, while Motwani takes greater responsibility for daily decisions. The new structure could help the company balance founder experience with fresh leadership. As InsuranceMarket.ae looks to expand its business, having separate roles for its Chairman and CEO may give both leaders more room to focus on their key responsibilities.
Hitesh Motwani’s appointment marks a new chapter for InsuranceMarket.ae. With Babur continuing as Chairman, the company is keeping its founder at the top while giving an experienced executive control of daily operations.