Influential women in re/insurance: re/insurers and brokers
OF OF 2017
Hue Yann Wei
Company: Asia Capital Reinsurance Malaysia
Job title: Head of underwriting
2011: Head of underwriting, Asia Capital Reinsurance
2009: Deputy CEO-cum-client portfolio manager, Munich
2005: Casualty underwriting-cum-client manager, Munich
2001: Assistant manager, treaty reinsurance, Hong Leong
1995: Treaty underwriter, Gerling Global Reinsurance
At that time, regulator, Bank Negara Malaysia, was
implementing the risk-based capital regime in the Malaysian
market. There was therefore an increased demand for
alternative reinsurance solutions or capital relief solutions
from local insurance companies. The experience of working
on the ensuing business opportunities with my colleagues
from the Munich Re head office and other regional offices
expanded and enriched my skillsets in communication,
leadership and problem solving. The experience continues to
benefit me as chief underwriting officer at ACR Malaysia.
What has been the biggest challenge you have encountered?
We meet so many individuals with unique motivations and
communication approaches, including business partners.
For me, the challenge is treading the delicate balance of
delivering difficult messages or negative feedback to clients
in as professional, diplomatic and effective way as possible.
When it comes to managing staff, the challenge is how to
effectively motivate them, especially through difficulties
with external environment and internal change.
There is no one-size-fits-all approach but I have been able to
continue to develop my skills in handling these challenges
through active listening, whether it is with clients or staff.
Why did you choose to work in this industry?
I started my re/insurance career at a local insurance company
(Hong Leong Assurance) where I met my first mentor. He
introduced me to re/insurance and encouraged me to pursue
its study. His enthusiasm for re/insurance inspired me. I learned
about the history of re/insurance, the concept of risk sharing,
mechanisms of risk transfer and establishment of Lloyd’s market.
Our industry has evolved as the market landscape has altered.
As a reinsurer, we need to keep ourselves up to date on market
and social developments to deal with the new opportunities
and emerging risks such as environmental issues, pollution/
renewable energy, terrorism risks, cyber risks and many
others. These changes contribute to the experience of being
in an industry that is fresh and interesting. This is why,
more than 20 years on, I continue with my career.
What has been the highlight of your career so far?
I have been fortunate to have the opportunity to work with
international reinsurance companies. The underwriting
experience and knowledge gained through the years with
these companies were invaluable in learning how different
companies operate and respond to similar opportunities and
challenges. A highlight of my career was during my tenure
with Munich Re Malaysia between 2005 and 2011. I was
selected as the deputy to the CEO after two years with the
company, and was subsequently made the acting head of its
Malaysian branch office when the CEO left in 2008.
“We need to keep ourselves up to date
on market and social developments to
deal with the new opportunities.”
68 | INTELLIGENT INSURER | 2017 www.intelligentinsurer.com