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Peter Foo, FSA


Singapore_Actuary_Peter_Foo.jpg

PROFESSIONAL EXPERIENCE SUMMARY:
  • Fellow of the Society of Actuaries (USA)
  • More than 25 years of life insurance and pension experience
  • Former General Manager and Actuary of the largest life insurance company, Great Eastern Life (GEL), in Asia Pacific Region
  • Provided life insurance office management, marketing and actuarial consulting services to life insurers in the ASEAN region (Singapore, Malaysia, Brunei, Indonesia, Thailand and Philippines)
  • Under Peter’s leadership GEL grew from a $12 million premium company to $200 million in 10 years with more than 5,000 agents.  GEL became the #1 insurance company in the region and the market leader in Singapore and Malaysia despite competitions from foreign players such as: Prudential, Manulife and AIA.
  • Extensive hands-on experience in developing and managing a highly professional and productive agency force
  • First-hand experience in helping OCBC Bank, the first bancassurer in Singapore to develop bancassurance business and until today, OCBC is still the leading bancassurer in Singapore
  • Former senior member of the actuarial subcommittee of the Life Insurance Association (LIA) in Singapore
  • Former President of Singapore Actuarial Society