Allied World Names New Malaysia Head; GoBear Launches in Cebu

Ramesh Sivanathan has been appointed as vice president for Allied World Asia-Pacific and will now act as the country manager in Malaysia, announced Allied World Assurance Company Holdings, a global provider of innovative property, casualty and specialty insurance and reinsurance solutions.

Sivanathan, who has nearly 30 years of industry experience, will be based in Kuala Lumpur. For Michael Garrison, senior vice president, head of insurance, Asia-Pacific, Sivanathan’s arrival will allow the company to put into action its growth plans in Malaysia, seeing the country teeming with tremendous potential.

Allied World intends to build up a strong presence on the ground and will actively look to diversify its offering. Sivanathan started his career in loss adjusting, and then moved into broking and underwriting in Financial Lines.

He previously held the role of Director of Business Development for Federal Insurance’s Labuan branch, and his most recent position was Asia RI Manager for Financial Lines at AIG Singapore.

GoBear Eyes Two Million Users in the Philippines

GoBear, a Singapore-based metasearch engine for insurance and banking products, is looking at engaging two million users in the Philippines by the end of 2016.

As an online portal, GoBear allows users to compare different financial products, including insurance, credit cards, and loans right from their mobile phones or computers. The service is free.

GoBear Philippines currently offers travel insurance, credit cards, and personal loans.

However, Rommel Torres, country director, said they will expand services to include comparisons on car loans and insurance coverage for cars, life and health in the next few months.

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Torres said GoBear has already attracted 220,000 users so far in the Philippines, confident that this figure will raise given the tech-savvy population. He also thinks GoBear’s entry into the Philippines will help boost financial literacy, although he admitted that more campaigns should be done to achieve this.

GoBear also has presence in Malaysia and Thailand. – BusinessNewsAsia.com

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