Insurance veteran Tan Suee Chieh has been named president-elect of the UK-based Institute and Faculty of Actuaries (IFoA), according to a statement issued by the institute which is the UK's only chartered professional body dedicated to educating, developing and regulating actuaries in the UK and internationally.
Mr Tan will take up his new position in June 2019 as Mr John Taylor becomes president, taking over from Mr Jules Constantinou. Mr Tan will take on the role of president in June 2020.
He will be the first Asian president of the IfoA and is based in Singapore.
Mr Tan graduated from the London School of Economics after which he served the Prudential for 20 years in a variety of roles in London, Malaysia and Singapore, including as CEO of Prudential Singapore and lastly as Regional Managing Director of Prudential Asia. After a stint in organisational psychology, he returned to the insurance industry as CEO, NTUC Income, a leading composite insurer in Singapore, and eventually Group CEO of the holding entity NTUC Enterprise. He stepped down from NTUC Enterprise in 2017.
In addition to being a council member of the IFoA, he holds a number of non-executive roles in academic institutions and voluntary organisations.
Mr Constantinou said, ““It is with great pleasure that we welcome Tan Suee Chieh to the presidential team. From the very start of his career he has been an active supporter of the actuarial profession across the globe. Suee Chieh’s expertise will be invaluable as we continue to encourage our members and all actuaries to step out of the shadows and show how our work has influence and impact across a variety of industries.”
Mr Tan said, “I am very proud of my career as an actuary and the work I have done in the insurance industry. It has been hugely rewarding. I am very pleased that my peers elected me to this role. It gives me the opportunity to support the profession across geographical boundaries and its continuing efforts in reinvention to meet the needs of business and society in a sustainable manner. As we move into the future, we will continue to adapt and transform, to ensure we succeed and thrive in a digital age.”