Ashok Shah
Group CEO, APA Apollo Group
Africa
 

Ashok Shah’s education is in Applied Chemistry. He is a Chartered Insurer with ACII. He is a member of the Chartered Institute of Arbitrators (MCIArb) and an Associate of the  Insurance Institute of Kenya (AIIK). He is a past Chairman of Association of Kenya  Insurers (AKI) and currently the Group Chief Executive of Apollo Investments Limited which owns APA Insurance, APA Life, APA Uganda, Apollo Asset Management amongst others. He is a Director of CDSC representing the Capital Market Challenge Fund. Other  directorships include Island Life Assurance Mauritius, and Reliance Insurance Company  Ltd, Tanzania. He served on Barclays Bank and ABSA Bank Board retiring after 9 years.  

He is a seasoned executive with nearly 50 years of progressive experience within the Insurance Industry both in East Africa and  England. A solid  reputation  for  achieving  corporate growth objectives through providing strategic direction, diverse perspectives  and  positive  leadership. Known  within  the  industry  for  driving business results and maximising profitability through the delivery of innovative products, quality and service  and  prudent  management  of  people,  technology  and  processes.  Under  his  leadership covers were introduced for HIV when other insurers declined these covers, He led several  insurers to pool their resources to cover Small Holder Farmers and Pastoralists. Through  his  business and philanthropic activities he has created  many  initiatives  to  help  the  underprivileged. He initiated  the  building  of Sand Dams  for  communities in  semi arid areas. To date, under the APA Apollo Foundation 30 dams have been built. At the onset of the covid pandemic, APA continued to give full cover to those insured under its health  covers while the needy were given food and rations on a regular basis to feed their families. The foundation supports Children, Youth, Water and Environment.  

In 2010 he was awarded the Lifetime Achievement award for services to the Insurance  industry.  In  2019 APA Insurance  received  the  European  Microfinance  Award  for  Strengthening Resilience to climate change, from Ashok’s push for covering small holder farmers and pastoralists and building sand dams in the semi-arid parts of Kenya. He has been nominated to EY Entrepreneur of the Year, AABLA Entrepreneur and Philanthropy.

 

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