Mr Tan Suee Chieh, a veteran in the insurance industry and previously Group Chief Executive of NTUC Enterprise, has become the first person based in Southeast Asia to be elected to the council of the Institute and Faculty of Actuaries (IFoA), the only chartered professional body dedicated to educating, developing and regulating actuaries based both in the UK and globally.
Mr Tan was voted to become one of eight council members for a three-year term from 2017 to 2020. There were 18 candidates who stood for this year’s council elections. Mr Tan received the third highest number of votes. Other actuaries from Southeast Asia had previously stood for IfoA council election.
He said on his website: “My candidacy was anchored on two aspirations -- raising the profile of the profession in South East Asia and beyond -- to be seen and experienced as more contemporary and energetic, forward and outward looking, and dynamic and innovative by the wider society at large.
“That the profession has to accelerate its re-invention in the current vortex of technological and digital change to ensure our continued relevance and value as a profession.
“I hope I will be able to make a meaningful contribution here in the next three years.”
IfoA represents and regulates over 28,000 members worldwide for the benefit of the outside world and oversees their education at all stages of qualification throughout their careers.
Mr Tan served as Chief Executive at Prudential Singapore and NTUC Income at different times during his 36-year career, mostly spent in the insurance industry.