Summary

Company Overview:

The Company is a well-established general insurance company with a legacy of providing trusted insurance solutions. It is among the top ten general insurance companies based on underwritten premium. As we embark on a transformative journey to transition into a digital insurance business, we are seeking a dynamic and visionary CEO to lead this pivotal change.

Position Summary:

The CEO will be responsible for driving the strategic vision, culture, and operational excellence of the company during its transition from a traditional insurance model to a digital-first approach. This role requires a leader with a deep understanding of both the insurance industry and digital transformation strategies.

Responsibilities

Key Responsibilities:

1. Strategic Leadership:
• Develop and implement a comprehensive digital transformation strategy aligned with the company’s mission and market opportunities.
• Drive innovation in product offerings, leveraging technology to enhance customer experience and operational efficiency.
2. Operational Management:
• Oversee the day-to-day operations of the company, ensuring that traditional practices are integrated with digital processes.
• Foster a culture of agility and responsiveness to market changes, encouraging teams to adopt digital tools and methodologies.
3. Market Positioning:
• Conduct market analysis to identify emerging trends and opportunities within the digital insurance space.
• Position the company as a leader in digital insurance solutions, enhancing brand recognition and customer loyalty.
4. Stakeholder Engagement:
• Build and maintain relationships with key stakeholders, including clients, regulators, and industry partners.
• Communicate the company’s vision and strategy to employees and stakeholders, fostering a shared commitment to the transformation.
5. Financial Stewardship:
• Develop and manage the company’s financial strategy, ensuring sustainable growth and profitability during the transition.
• Oversee budgeting, forecasting, and financial performance metrics, driving accountability across the organization.
6. Team Development:
• Attract, retain, and develop a high-performing leadership team skilled in both traditional insurance and digital capabilities.
• Promote a culture of continuous learning and innovation, ensuring employees are equipped to thrive in a digital environment.
7. Regulatory Compliance:
• Ensure compliance with all regulatory requirements, adapting to changes in the insurance landscape as digital offerings evolve.
• Advocate for best practices in data security, privacy, and ethical standards in the digital space.

Education and Qualifications

• Bachelor's degree in Business Administration, Finance, or a related field. An MBA or equivalent is preferred.

Requirements

• Minimum of 10 years in senior leadership roles within the insurance or financial services sectors
• Proven experience as a CEO or in other managerial positions within the insurance industry.
• Strong understanding of digital transformation strategies and technologies, particularly in the insurance sector.
• Excellent leadership, communication, and interpersonal skills.
• Demonstrated ability to drive change and foster a culture of innovation.
• Strong financial acumen and experience in managing budgets and financial performance.
• Experience in emerging markets

Characteristics

• Strategic Vision
• Change Management
• Innovation and Technology Adaptation
• Financial Acumen
• Leadership and Team Building
• Customer-Centric Focus

Reporting To

Board of Directors