News eDaily07 Jun 2017

Asia:SE Asian eyes IFoA Council seat

| 07 Jun 2017

Mr Tan Suee Chieh, former Chief Executive of Singaporean insurance outfit NTUC Income, is seeking to become the first Southeast Asian to be elected to the Institute and Faculty of Actuaries (IFoA) Council as the UK professional body seeks wider representation to tackle various challenges over the next few years.

"I decided to stand in mid-April when I read the appeal from IFoA for Southeast Asians to come forward to stand for Council elections. Now I have the experience, network and most importantly the time to give back to my profession," said Mr Tan.

He had served as CEO of NTUC Income from 2007 to 2013. He then moved on to become Group Chief Executive of NTUC Enterprise – the holding entity of a group of NTUC social enterprises (co-operatives) in Singapore. He has also since left the post.

A certified actuary, Mr Tan had previously spent 20 years with Prudential Plc where he held senior positions in Singapore and Malaysia.

In running for a council seat, he hopes to contribute in transforming the actuarial profession into a more contemporary and forward-thinking field.

“The world is at an inflexion point of instability and disruptions; technological, demographic, climate and economic changes. I am committed to work beyond our traditional boundaries of our disciplines and seek to be bolder in our imagination as data scientists and risk architects; to create multi-disciplinary solutions to perpetuate our value and relevance. The time is right to reinvent our profession,” he said.

Mr Tan graduated with first class honours in Actuarial Science from the London School of Economics in 1981 and obtained a Master’s in Social Organisational Psychology from Columbia University in 2001.

More information on his candidacy can be found on

Previous attempts by Southeast Asian candidates to be elected have not succeeded. It is estimated that there are around 300 eligible voters in Southeast Asia out of a total eligible membership of 10,000.

Voting closes on 26 June and those eligible to cast their votes may do so at


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