FWD Life Insurance Corporation – appointment of two new directors

The appointment of Jumbing took effect on March 25, while Ken’s appointment will take effect on May 1, subject to regulatory approvals. The addition of Jumbing and Ken further strengthens FWD Life Insurance, with Ambassador Jose L. Cuisia, Jr. leading the Board of Directors as Chairman and Li Hao Zhuang as President and CEO.

Jumbing brings with him over 35 years of experience in insurance, banking and public accounting. He is a Certified Information Systems Auditor and the first Filipino to be given the Chartered Global Management Accountant title in the Philippines.

Binayak Dutta, FWD Group’s Managing Director for Emerging Markets and Group Chief Distribution Officer, said: “We’re excited to have Jumbing and Ken on the board of directors. Their expertise in distribution expansion and digital transformation will help address the protection need in the Philippines. Having progressive leaders who understand Asian culture and sensibilities is part of our commitment as an innovative, relevant and caring insurer throughout the region.”

As Independent Director, Jumbing will oversee, guide and mentor FWD leadership towards its growth strategies for local business operations. He will be instrumental in advancing corporate credibility and raising governance standards with his objective and balanced perspective.

Ken has 30 years’ industry experience in the region holding senior management positions. He joined FWD back in 2018 spearheading technology-driven and customer-led strategy in Hong Kong and Macau. He has a Bachelor of Science degree (hons.) in Mathematics and Physics from The University of Hong Kong and he is a Fellow of the Society of Actuaries.

Ambassador Cuisia is positive about the impact of this development on the trust and confidence of their stakeholders: “I welcome our new directors at a time when the Philippines is poised for growth. We aim to lead and transform how insurance serves Filipinos, supporting FWD’s vision of changing the way people feel about insurance.”

About FWD Insurance

FWD Life Insurance Corporation (FWD Life Insurance) launched its commercial operations in September 2014. As of end-2020, FWD Insurance ranks 2nd and 4th in terms of Paid-up Capital1 and New Business Annual Premium Equivalent2, respectively.

FWD Group spans 10 markets in Asia including Hong Kong SAR & Macau SAR, Thailand, Indonesia, Philippines, Singapore, Vietnam, Japan, Malaysia and Cambodia, offering life and medical insurance, general insurance, employee benefits, Shariah and family takaful products across a number of its markets. In the Philippines, FWD has 18 business hubs located in key cities nationwide, with its headquarters in Bonifacio Global City in Taguig.

Established in Asia in 2013 with a trailblazer mentality, FWD is the primary insurance business of investment group, Pacific Century Group.  FWD is focused on creating fresh customer experiences and making the insurance journey simpler, faster and smoother, with innovative propositions and easy-to-understand products, supported by digital technology. Through this customer-led approach, FWD aims to become a leading pan-Asian insurer by changing the way people feel about insurance.

For more information, please visit fwd.com.ph.

1 www.insurance.gov.ph > Statistics > Life > 2020 > Based on Paid-Up Capital
2 www.insurance.gov.ph > Statistics > Life > 2020 > Based on New Business Annual Premium Equivalent

Media inquiries:

Rochelle R. Vandenberghe
Vice President, Head of Marketing
rochelle.vandenberghe@fwd.com
+63 2 8558 7306