Mr Sythan Prou is called ‘a unique lawyer with a sound business acumen’. He does what is best for Cambodian insurance and a lot more.
Manulife Cambodia’s chief legal and compliance officer Mr Prou’s professional and personal successes have been a great example for many in Cambodia.
Being the first chief in-house counsel and compliance officer in Cambodia’s insurance sector.
Mr Prou is nationally acclaimed for his contribution towards Manulife’s success, development of the insurance sector, insurance legal profession and the local community as well.
He joined Manulife Cambodia in 2012 during the early days of the company and is a member of the company’s executive leadership team.
Mr Prou established legal, compliance and corporate governance functions for the company, which have now become good practices for the insurance industry. It has also won appreciation from the regulators on several occasions.
Being the longest serving executive of Manulife Cambodia, Mr Prou has steered the business forward and navigated it through several challenging times, both internally and externally. Manulife today controls about 40+% of the entire life insurance market of Cambodia.
Mr Prou has proactively engaged with the banking and insurance regulator and contributed proposals on future of bancassurance referral and direct sales models, which were accepted by the regulator and in March 2021 were issued as country’s first ever bancassurance regulation.
He has played a major role in promoting public awareness and upskilling insurance knowledge and is the elected chairman of the Education Committee of Insurance Association of Cambodia till 2024.
In March 2021 Mr Prou began working on a proposal for the establishment of Cambodia’s first insurance school, which once approved, will offer insurance education up to degree level. Insurance education programme in Cambodia is playing catch up with the drastic growth of the business.
In October 2020, the King of Cambodia awarded Mr Prou the prestigious Royal Order of the Kingdom of Cambodia – Mohasena (Grand Officer) for his contribution in insurance, education and legal profession.
With 17 years of combined experience in corporate, legal, regulatory and academic affairs, Mr Prou will continue to create significant impact on insurance, legal, educational and local communities in Cambodia.