Asia Insurance The Next Generation CEO
Leadership StrategiesSuccession PlanningFinancial ServicesBoard and CEO AdvisoryExecutive Search
Article Icon Report
January 11, 2019
1 min read
Leadership StrategiesSuccession PlanningFinancial ServicesBoard and CEO AdvisoryExecutive Search
Pan-Asia's Leadership Challenges 
Pan-Asia 
rra-careers-body-02.jpg
Asia1.png
Asia2.png
Despite the rosy macroeconomic outlook, local and multi-national insurers face a multitude of complex social, political, technological and financial challenges in Asia:
aSIA3.png

Are the current generation of insurance leaders equipped to deal with these issues?

The pressures of doing business in Asia have resulted in a unique challenge for MNCs and local companies. What type of leader do these organisations require in order to be successful?

In response, Russell Reynolds has evaluated the backgrounds, experience levels and competencies of insurance CEOs across the region.
1 Uribe, Alice and Joyce Moullakis, “Manulife's new president Roy Gori says understanding Asia is key” Financial Review, April 2, 2017.

Asia4.png

In order to understand more about the career history of insurance CEOs, Russell Reynolds analyzed the backgrounds of over 30 Asia based CEOs working in both the life and general insurance segments of the industry. We also compared the differences between CEOs working in multi-national companies (MNCs) versus those in local or domestic insurers.

Asia5.png
Asia6.png
Asia8.png

What Are The Key Differentiators? 

Stand-out characteristics of insurance CEOs in Asia

We see three characteristics that stand out as compared to our global CEO benchmarks: the ability to execute through uncertainty, capacity to act as connectors and the tendency to exude optimism.

Asia9.png
Asia10.png