Willis Towers Watson announced the appointment of a new practice leader in its insurance consulting and software business in Asia.
Taking on the newly created divisional role at the risk management and advisory firm is Mei-Chee Shum, the firm said in a press release.
Prior to joining Willis Towers Watson, (WTW) Shum held a number of senior positions across Asia, most recently as Chief Marketing Officer for AIA’s operations in the Philippines and Group Head of Product Strategy for AIA Group based in Hong Kong.
Greater China Focus
Prior to this she was Chief Financial Officer and later Chief Executive Officer for Manulife Taiwan. Based in Hong Kong she will report to Richard Collis, Managing Director for Willis Towers Watson’s insurance consulting and software business in Asia Pacific.
Shum holds a PhD in Mathematics from Macquarie University, Australia and is a fellow of the Faculty of Actuaries.
An Insurance Gold Mine
In her new role, which is an effort by WTW to address vast client, geographical, cultural and regulatory differences in the Asia region, Shum will be responsible for leading and developing the Life Insurance Consulting Practice across Greater China.
The insurance market throughout Asia is developing into a major revenue driver for global insurers, as the region’s growing middle classes seek to reduce risk, attain greater financial security and put capital to better use elsewhere given the ongoing low yield environment.
