FWD Group Holdings Limited has named Aman Chowla the new Chief Executive Officer for its Malaysian life insurance business, which has been renamed FWD Insurance Berhad from Gibraltar BSN Life Berhad.
These developments follow the recent completion of the company’s investment, together with other investors, in the business formerly known as Gibraltar BSN, on 3 April 2023.
“We are delighted to welcome Aman to FWD to lead and grow our life insurance business in Malaysia,” said Binayak Dutta, Managing Director, Emerging Markets, and Group Chief Distribution Officer.
He added: “It’s an exciting time as we introduce our FWD brand to even more Malaysians and create a full-service offering in the country. Aman is a seasoned industry veteran with great career experience and success in Malaysia. We look forward to leveraging his deep expertise in a market with fantastic long-term growth potential.”
Chowla brings with him over two decades of experience in the life and general insurance industry, having held Chief Executive Officer and Chief Operating Officer roles for multinational insurance companies across Southeast Asia.
Commenting on his appointment Chowla said: “FWD’s commitment to changing the way people feel about insurance, and its exciting growth plans in Malaysia, were defining factors in my decision to join the company. I look forward to working closely with my new colleagues to bring FWD’s easy-to-understand products and services to more people in Malaysia.”
FWD Group is a pan-Asian life insurance business with more than 10 million customers across 10 markets. It first entered the Malaysian market in 2019 as a provider of family takaful products via FWD Takaful Berhad.
Later that year, the company established its regional technology and innovation hub in Kuala Lumpur, with a focus on delivering best-in-class technology and supporting innovation across the whole of FWD Group’s business.
With the establishment of FWD Insurance in 2023, the company is now able to create a full-service offering in Malaysia, with both family takaful and life insurance solutions, the Group stated.
