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People and Places

FWD Life Insurance Corporation – appointment of two new directors

Ken Lau
Ken Lau

30 March 2022, Manila, Philippines – FWD Life Insurance Corporation, one of the top insurers in the Philippines, announced the appointment of Antonio Manuel “Jumbing” G. De Rosas and Ken Lau, to the FWD Board of Directors. They will sit as Independent Director and Non-Executive Director respectively.

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.”

Antonio 'Jumbing' de Rosas
Antonio ‘Jumbing’ de Rosas

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 Life Insurance

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

FWD Group is a pan-Asian life insurance business with approximately 10 million customers across 10 markets, including some of the fastest growing insurance markets in the world. In the Philippines, FWD has 17 business hubs located in key cities nationwide, with its headquarters in Bonifacio Global City in Taguig.

Established in 2013, FWD is focused on 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 is committed to 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

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