KUALA LUMPUR (Dec 28): AIA General Bhd, a subsidiary of AIA Bhd, announced on Tuesday (Dec 28) the appointment of Gary Hoo as its new chief executive officer (CEO) effective from Dec 15, 2021. 

Hoo succeeds Eric Chang, who assumes a new role as the CEO of digital platform partnerships at AIA Group, noted the insurer in a Tuesday statement.

AIA General said Hoo will be responsible for further strengthening the company’s position in the general insurance space by providing strategic leadership as well as overseeing its day-to-day operational execution, ensuring the continuous growth and sustainability of the business. 

This, the company added, also includes AIA General’s recent digital transformation journey which has resulted in the establishment of new partnerships and the introduction of new digital insurance solutions.

Prior to his current appointment, Hoo was AIA General’s head of conventional business and the appointed actuary. 

“During his four-and-a-half-year tenure, he has made numerous notable contributions to the company including spearheading the license separation and formation of AIA General Bhd as a new entity within AIA Malaysia’s group of companies in 2018, as well as launching AIA’s flagship personal accident, motor and fire insurance products,” said the company in the statement.

According to AIA General, Hoo brings with him 19 years of actuarial experience across the full spectrum of product design and pricing, valuation as well as consulting and advisory in general insurance. 

He has also amassed more than a decade of senior management experience, including profit and loss accountabilities, it added. 

Hoo graduated from Universiti Kebangsaan Malaysia with a bachelor’s degree in actuarial science and is a Fellow of the Society of Actuaries (FSA) and Fellow of the Casualty Actuarial Society (FCAS).