Zurich, the Swiss-based international insurer, is marking its role as a leading provider of life products in the Middle East with key steps that include two executive appointments, an initiative to strengthen collaboration between customer segments, and new regional headquarters in Dubai.
Zurich Middle East is marking its thirtieth anniversary in the region with a series of initiatives and appointments aligned with its objective of becoming the leading provider of life insurance in the Middle East. With bold plans to develop an array of new products and solutions for both its Retail and Corporate customers, the organisation has the customer firmly at the centre of its strategy.
"We are committed in the Middle East to being customer first, closer to the market and creating stronger collaboration between our Retail and Corporate customer segments," said Walter Jopp, CEO of Zurich Middle East.
We are committed in the Middle East to being customer first, closer to the market and creating stronger collaboration between our Retail and Corporate customer segments"
Zurich is already one of the leading providers of insurance in the Middle East. Examples of this include over 20% market share in gross written premiums in the region and its leading role in supplying employer-sponsored workplace savings schemes to over 500 companies across the GCC.
The company has also opened a new regional headquarters in Dubai, supported by the firm's three other offices in the region in Abu Dhabi, Bahrain and Qatar.
Zurich has also confirmed the appointment of Simon Price as head of market management Middle East with immediate effect. In this role, he is responsible for Propositions, Pricing and Marketing and reports directly to Walter Jopp. Price brings a diverse set of skills to the position following previous roles as CFO of Singapore, Head of Propositions in Indonesia, and most recently being responsible for strategy and transformation across Zurich Middle East.
The company has also created a new role of head of sales Middle East to look after all sales functions, and has hired Theo Alexandrescu to the position. He joins from Metlife Gulf, where he was general manager, responsible for driving profitable growth in five countries in the region. In addition to his senior management experience and strong relationships in the market, Theo also brings extensive experience in corporate pensions from past experience in Central Eastern Europe, where he created leading market positions in life and pensions,and implemented pension reforms.
"I look forward to welcoming Theo to the local management team at this exciting time and trust that, together with FadiAshkar, Swarnaleka Shetty, TaruSinghal and Rayner Britto, we will continue to grow our business and become the local life insurer of choice," added Jopp.