Zurich Insurance (Zurich) has appointed Stephen (Steve) Clark as the Chief Executive Officer (CEO) of Zurich Life Insurance Malaysia Berhad (ZLIMB) effective 1 October 2018. He will report to the ZLIMB Board of Directors as well as Jack Howell, Zurich’s CEO for Asia Pacific (APAC). He succeeds Philip Smith, who will be leaving the company at the end of September.
Steve brings with him almost 30 years of experience, with a proven track record in driving business growth and developing strong distribution channels. Originally from South Africa, he has been in APAC for almost 20 years, having worked in Vietnam, Hong Kong, and the Philippines. Prior to Zurich, Steve has held the role of CEO for Prudential in Vietnam as well as AIA in Vietnam and the Philippines
His extensive experience spans across sales and distribution, bancassurance, general management, regulatory management as well as governance.
“Steve has a deep understanding of the local markets and a natural ability to build long lasting relationships with distribution partners,” commented Jack Howell. “We have strong ambitions for Malaysia, which is an important market in the Zurich’s APAC strategy. We are excited about Malaysia as its fundamentals are strong – promising economic prospects, sizeable middle class, and a young and under-insured population. I am confident that with Steve on board, we will be able to expand our business, strengthen our distribution and drive customer engagement.