KUALA LUMPUR, Sept 3 (Bernama) -- LIAM has appointed Ms Loh Guat Lan, Chief Executive Officer of Hong Leong Assurance Berhad as President of LIAM at its Management Committee meeting on 28 August 2019 to replace Ms Anusha Thavarajah, former Chief Executive Officer of AIA Bhd.

Anusha Thavarajah had stepped down as President, as she will be taking on the role of Chief Executive Officer, Life & Health for Allianz Asia Pacific towards the end of this year. LIAM would like to put on record our sincere appreciation to Anusha for her contribution to LIAM and the industry during her tenure as President.

Meanwhile, Loh has 29 years of experience in the life insurance industry. She started her career as a Management Trainee with a reputable international life insurance company. She took on various leadership positions and gained extensive experience in agency management, branch management, agency development, and training. Her last role prior to joining Hong Leong Assurance (HLA) was Vice President & Senior Director of Agency (Malaysia) of AIA Bhd, the first lady appointed for such position then in Malaysia and amongst Asia’s six countries.

Loh joined HLA as Chief Operating Officer of the Life Division in August 2007. Under her stewardship, the company has grown tremendously. Over a period of three years, gross premiums for the Life business tripled even as the agency force doubled in size. She was promoted to the position of Group Managing Director/Chief Executive Officer on 1 September 2009.

LIAM has also co-opted Mr Ben Ng, Chief Executive Officer of AIA Bhd. into the Management Committee with effect from 23 August 2019. Ben Ng was appointed to head AIA Bhd.,a leading life insurer in Malaysia with total assets worth RM51 billion (as at 31 December 2018) and one of AIA Group’s top five markets, on 15 August 2019.

The new LIAM Management Committee members for the term 2019/2020 are as follows:

President: Ms Loh Guat Lan
Chief Executive Officer of Hong Leong Assurance Berhad

Vice-President: Mr Rangam Bir
Chief Executive Officer of Gibraltar BSN Life Berhad 

Management Committee members:

1. Mr Ben Ng
Chief Executive Officer of AIA Bhd.

2. Mr Ramzi Toubassy
Chief Executive Officer of AmMetLife Insurance Berhad

3. Mr Paul Low Hong Ceong
Chief Executive Officer of Etiqa Life Insurance Berhad

4. YBhg. Dato Koh Yaw Hui
Chief Executive Officer of Great Eastern Life Assurance (Malaysia) Berhad

5. Mr Gan Leong Hin
Chief Executive Officer of Prudential Assurance Malaysia Berhad

6. Mr Raymond Lew Yung Chow
Chief Executive Officer of Sun Life Malaysia Assurance Berhad

7. Mr Toi See Jong
Chief Executive Officer of Tokio Marine Life Insurance Malaysia Bhd.

LIAM continues to work very closely with the regulatory authorities and stakeholders in embarking on various educational and consumer awareness programmes to fulfil its aspiration in narrowing the protection gap and achieving the nation’s financial inclusion agenda.

About LIAM

Formed in 1974, the Life Insurance Association of Malaysia (LIAM) is a trade association registered under the Societies Act 1966. LIAM has a total of 16 members, of which 14 are life insurance companies and 2 life reinsurance companies. 

LIAM’s objectives are to promote a progressive life insurance industry; to enhance public understanding and appreciation for life insurance; to upgrade the image and professionalism of the life insurance industry and to support the regulatory authorities in developing a strong industry.

Source:  Life Insurance Association of Malaysia (LIAM)

FOR MORE INFORMATION, PLEASE CONTACT: 
Name: Ms Nancy Tan
Executive Secretary
Tel: 03 –2691 6628/ 6168
Fax: 03 –2691 7978
Email: liaminfo@liam.org.my
Website: www.liam.org.my
Facebook: Insurans Hayat Cares 

--BERNAMA