The Insurance Association of Fiji (IAF) has appointed Madhu Elayath as its chairperson.
Mr Madhu, 57, joined New India Assurance in 1988 at Corporate Head Office, Mumbai in India.
He holds a Degree in Commerce and Bachelor of Law from Mumbai University, India.
He has also acquired Fellowship from the Insurance Institute of India.
Mr Madhu worked in various capacities in New India Assurance during the past 38 years of glorious service.
He has worked in HR, employee related welfare programs and was instrumental in spearheading the IT initiative for HR modules since 2010.
On his promotion to manager cadre in 2016, he was posted in one of the biggest regional offices in India – Mumbai Regional Office III under which India’s biggest industrial houses were insured.
Subsequently, Mr Madhu was posted as marketing head of one of the divisional offices under Mumbai Regional Office III in February 2018.
Under his leadership and with his marketing acumen, the divisional office galloped from $FJ14 million to $FJ28m as on March 2019; and from $FJ28m to $FJ56m as on March 2020.
Subsequently, Mr Madhu was promoted to chief manager cadre in August 2020 and was heading the Estate, Establishment and Property Departments at Corporate Head Office in respect of properties across India.
Due to the creditable contributions and achieving various milestones in the said assignment, Mr Madhu was selected and posted as chief operating officer in charge of New India Assurance’s Fiji Operations in 2023.
“His continuing momentum for achieving greater heights resulted in Fiji operations growing at 22 per cent from 2023 till 2025 whereby the premium grew from $FJ55m as at December 2022 to $FJ68m as at December 2025,” the IAF said.
“We wish you every success in your leadership and look forward to your continued contributions towards strengthening Fiji’s insurance industry and advancing the Association’s goals.”
