Kuala Lumpur, Malaysia – Multinational insurance company FWD Group has announced that Aman Chowla has been appointed as the new chief executive officer for its Malaysian life insurance business. Moreover, the local life insurance business will be also rebranded from Gibraltar BSN Life Berhad to FWD Insurance Berhad.
Chowla brings with him more than 20 years 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.
“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,” he stated.
These developments for FWD Group in Malaysia 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.
Meanwhile, Binayak Dutta, managing director for emerging markets and group chief distribution officer at FWD Group, commented, “We are delighted to welcome Aman to FWD to lead and grow our life insurance business in Malaysia. It’s an exciting time as we introduce our FWD brand to even more Malaysians and create a full-service offering in the country.”
Dutta added, “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.”
FWD Group 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.