Budiey
U for Life Sdn Bhd, Malaysia’s first online insurance platform has appointed Kenny Thing as new General Manager with effect from June 2016. Thing will be responsible for the growth and development of the online platform, reporting to Claude Chevre, Member of the Executive Board, Hannover Re and Chairman of U for Life.
Kenny Thing Named General Manager of U for Life
“Thing brings with him a wealth of experience to the General Manager role who has worked in the insurance, banking and financial services sectors at a senior level. He is able to pinpoint what consumers need today as our solutions respond to changing the lives of our customers – be it personal or external factors. I am confident his appointment will help U for Life reach greater heights within the insurance tech sphere in Malaysia,” said Claude Chevre, Member of the Executive Board, Hannover Re and Chairman of U for Life.
Prior to joining U for Life, Thing was the Chief Marketing Officer of a Canadian based insurer based in Malaysia for the last three years after spending three years in Hong Kong leading the Business Development of Individual Financial Products for the same insurer. He previously held various leadership roles as Chief Distribution Officer (Bancassurance) with a European based insurer and has also worked with a leading global insurer looking at providing product propositions and distribution solutions to insurers based in South East Asia. He also has experience in providing investment and structured product solutions to banks.
Thing holds a Master of Science degree in Finance from University College Dublin and attended the Executive Education at Richard Ivey School of Business.
“It is an honour to be given this role with tremendous opportunities that lie ahead for me and the company. I look forward to bringing U for Life to the next level and continue to develop innovative solutions that meet the needs of consumers today,” expressed Thing.
About U for Life Sdn Bhd
U for Life Sdn Bhd is committed to work towards a fully-insured Malaysian population. We take pride in pioneering low-cost, instant purchase of life insurance products over the internet platform for Malaysians. Our paperless process isn’t just a breeze; it makes the buying process more efficient and easy for you. All premiums paid are received by Tokio Marine Life who is the insurer of the life insurance policy.
About Hannover Re
Hannover Re is the principal shareholder of U for Life Sdn Bhd. They are the third-largest reinsurer in the world with a gross premium of around EUR 17 billion* (RM 77 billion)**. Hannover Re has offices on all continents with around 2,500 staff and a network of more than 100 subsidiaries. The rating agencies most relevant to the insurance industry have awarded Hannover Re very strong insurer financial strength ratings (Standard & Poor’s AA-“Very Strong” and A.M. Best A+ “Superior”).
*As of 31 March 2016
**As of 9 September 2016 based on the exchange rate from Bank Negara Malaysia
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