Jaipur, September 9, 2026: Square Insurance Brokers Private Limited has appointed Kapil Baraya as Head of Department, Corporate & Commercial Lines. In his new role, Kapil will also oversee the company’s life insurance business.
Kapil’s Experience
Kapil brings over 18 years of experience in the corporate insurance sector, with expertise in:
- Corporate risk management.
- Complex insurance programmes.
- Customised insurance solutions.
His areas of specialisation include liability, trade credit, cyber insurance, and liability claims management.
Previous Roles:
- Executive Vice President at Marsh India Insurance Brokers — managed large and complex insurance mandates across pharmaceutical, manufacturing, and BFSI sectors.
- Leadership positions at Bharti AXA, TATA AIG, and ICICI Lombard — gaining experience across underwriting, client servicing, and insurance programme design.
Rakesh Kumar, MD and Founder, Square Insurance: “Kapil brings strong experience in corporate insurance, risk advisory and complex insurance programmes. His understanding of evolving corporate risks and client needs will strengthen our corporate and commercial insurance practice. His additional responsibility for our life insurance business will also support our plans to build a broader insurance offering for clients.”
Akash Parwal, CEO and Co-Founder, Square Insurance Brokers Private Limited: “Kapil’s appointment reflects our commitment to building a team that can deliver real depth and expertise to our clients. As we expand our corporate and commercial insurance business, having someone with Kapil’s calibre leading this vertical gives us strong confidence in the road ahead. We are equally focused on growing our life insurance business, and Kapil’s dual mandate is well-aligned with that vision.”
Kapil Baraya, HoD, Corporate & Commercial Lines, Square Insurance Brokers: “I am delighted to join Square Insurance Brokers at an exciting stage of its growth. Corporate insurance is evolving rapidly, with businesses facing new and complex risks. I look forward to working with the team to develop relevant solutions for clients and strengthen our presence across general and life insurance.”
Role and Responsibilities
In his new role, Kapil will:
- Lead the corporate and commercial lines business.
- Manage key client relationships.
- Drive business growth.
- Build and strengthen the team.
About Square Insurance Brokers Private Limited
Founded by Rakesh Kumar, Square Insurance is a Rajasthan-based insurtech startup bridging the gap between customer needs and tailored insurance solutions, with a strong focus on rural India.
- Established in 2017.
- Partnered with 53+ insurers to offer competitive premiums and personalised coverage.
- Raised $3 million in equity funding from BizDateUp, Negen Capital, and angel investors.
- Secured $1 million (₹8.3 crore) from Recur Club to expand rural presence.
- Investing in micro-insurance and forging partnerships with fintech and e-commerce players to enhance insurance access in underserved markets.
🌐 Learn more: squareinsurance.in
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