He succeeds interim CEO Yip Kim Chee, who took over former CEO Sue Chi Kong in July 2020. Sue is retired after 14 years with Etiqa and 38 years in the financial services and insurance industry.
Etiqa Singapore has named insurance industry veteran Raymond Ong as its new chief executive with effect October 16, the insurer announced on Monday.
Ong, who began his career at the Monetary Authority of Singapore, brings more than 27 years’ experience in the financial services and insurance industry, and has held a number of senior management roles covering actuarial, product development, risk management, and strategic finance.
He joins the firm after 11 years at insurer Great Eastern across three countries, most recently as its Singapore-based group chief risk officer. Ong previously held roles at Axa, Cigna, Aviva and Allianz.
Digital-First
Operating as the insurance arm of Maybank group, Etiqa has grown its online and technology capabilities to position itself as a leading digital insurer. In the past two years, it has rolled out innovation projects using artificial intelligence, chatbots and robotics process automation, backed by integration with third-party services such as MyInfo and PayNow.
With Ong's deep experience in the Singapore insurance market, the digital insurer said it aims to further scale and bolster its capabilities and further drive its commitment to creating «fast and easy» experiences for customers.
As the Singapore chief, Ong will report to Kamaludin Ahmad, chief executive officer of parent company Maybank.
the insurance arm of Maybank
