Former Manulife CEO takes helm at Life Insurance Association of Malaysia

January 3 2019 by InsuranceAsia News Staff

The Life Insurance Association of Malaysia has appointed Mark O’Dell as its first chief executive with his term starting on January 2.

According to the Life Insurance Association of Malaysia’s president, Anusha Thavarajah, the appointment marks the association’s commitment to taking on the responsibilities and new challenges required to take Malaysia’s life insurance market to greater heights.

The Life Insurance Association of Malaysia, she added, will be better placed to accelerate its aspirations of increasing the penetration rate of life insurance in the nation, reducing the protection gap, in addition to improving customer satisfaction levels. The association has 16 members and is based in Kuala Lumpur.

O’Dell, a permanent resident of Malaysia, has over 38 years of experience in the life insurance business. He was Manulife Insurance chief executive in the country for five years before retiring on October 30 last year. O’Dell joined Manulife in October 2008 as chief executive of Manulife Taiwan and went on to oversee its operations in Malaysia, the Philippines and Singapore.

O’Dell was replaced at Manulife by Lee Sang-hui, an experienced Asian life insurance executive.