Zurich Life Insurance Malaysia Berhad (ZLIMB) has appointed Pauline Teoh as its new chief executive officer (CEO), with her tenure beginning on Nov. 1.
Teoh (pictured) has more than 25 years of experience across the Asia-Pacific region. She joins Zurich after holding various senior roles in the financial services sector.
Junio Cho, country CEO and head of Zurich Malaysia, emphasised Teoh’s ability to align with Zurich’s vision for growth.
“We are excited to welcome Pauline as the new CEO of ZLIMB. Her extensive experience, industry knowledge, and strong leadership skills make her the ideal person to drive ZLIMB’s business through growth, diversification, simplification, and innovation,” he said.
He added that Teoh’s role in the leadership council will help guide Zurich Malaysia’s alignment with the OneZurich approach.
“Pauline’s dedication to delivering customer-focused solutions aligns perfectly with Zurich Malaysia’s mission to provide innovative insurance products that meet the evolving needs of Malaysians. We are confident that she will play a pivotal role in spearheading initiatives that strengthen ZLIMB’s competitive edge in the insurance sector,” Cho said.
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Teoh, who holds a bachelor’s degree in mathematics, actuarial science, and economics from the University of Waterloo, Canada, is also a fellow of the Society of Actuaries.
“I am honoured to lead ZLIMB and look forward to contributing to the company’s continued success,” she said. “Zurich Malaysia’s dedication to innovation and customer-centricity resonates with my own values, and I am excited to work with the team to continue delivering best-in-class solutions that truly care for what matters most to Malaysians, as we create a brighter future together.”
The appointment comes after Zurich Insurance Group reported continued stability across core business segments for the first half of 2024, supported by gains in the life and farmers divisions, as well as resilience in the property and casualty sector.
Business operating profit for the group reached $3.99 billion, marking a 7% increase from the prior year’s $3.72 billion.
