Canara HSBC Life Insurance has promoted Soly Thomas, a founding member since 2008, to Deputy CEO and Chief Distribution Officer – Bancassurance. Thomas has been instrumental in shaping the company’s bancassurance strategy across Canara Bank, regional rural banking partners, and HSBC, helping drive 20% growth in 9M FY26 and strengthening market share following the recent IPO.According to Anuj Mathur, MD & CEO, Thomas’ strategic leadership, deep market understanding, and distribution expertise have been pivotal to the company’s success. In his expanded role, he will guide the next phase of sustainable growth, leveraging strong bank partnerships, robust processes, and customer-centric distribution strategies.
Strategically, the elevation highlights the importance of experienced leadership in insurance, where scaling bancassurance networks, aligning with partners, and maintaining customer trust are central to market differentiation. Soly Thomas’ journey reflects how leadership, strategic vision, and execution excellence converge to drive growth in a competitive, post-IPO insurance landscape.
Overall, the move underscores Canara HSBC Life Insurance’s focus on leadership continuity, distribution excellence, and customer-driven growth, positioning the company for long-term success in India’s evolving insurance market.
