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MSIG Insurance (Malaysia) Bhd Announces CEO Transition: Mr Chua Retires After 42 Years Of Distinguished Service
Industry veteran steps down after leading company through 15 years of consecutive business growth and digital transformation. He is succeeded by Ms Ang Yien Chia.
KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 11 July 2025 – MSIG Insurance (Malaysia) Bhd (“MSIG Malaysia”) announced that Mr. Chua Seck Guan, its Chief Executive Officer (CEO) since 30 March 2010, retired on 2 July 2025 after an illustrious career spanning 42 years in the insurance industry, including 15 years at the helm of MSIG Malaysia. Effective July 3, 2025, Ms. Ang Yien Chia succeeded him as the new CEO of the general insurer.
Mr. Chua’s career at MSIG Malaysia is marked by a series of remarkable achievements. Starting at the company when it was NZI Insurance as a Loss Control Surveyor, he progressively advanced through the ranks, occupying key leadership roles across various regions, including East Malaysia, Brunei Darussalam, and Peninsular Malaysia. During this period, he witnessed the company’s transformation, including experiencing two major mergers and four strategic acquisitions.
Beyond his corporate responsibilities, Mr Chua was instrumental in advocating for the advancement of the insurance industry in Malaysia and throughout ASEAN. He served in key roles with the General Insurance Association of Malaysia (PIAM), as industry representative of the Joint Committee on Climate Change (JC3), and with the ASEAN Insurance Council. He also held various board chairman and advisory roles across industry bodies. His journey reflects a legacy of strategic leadership and unwavering dedication to both the company and the insurance industry.
As the steward of one of the largest general insurance providers in the country, Mr Chua led MSIG Malaysia through significant milestones, including consistent growth in Gross Written Premium (GWP), underwriting results, and strong financial performance. He introduced innovative general insurance solutions tailored to the needs of today’s policyholders and pioneered digital transformation initiatives that enhanced customer experience and operational efficiency. Mr Chua was instrumental in establishing the insurer’s Data Analytics Department, leveraging consumer insights that enable the company to develop beneficial, win-win solutions for company, customers, and intermediaries, enabling the insurer and its partners to transition from tariff to risk-based pricing for both current and future products.
Under his leadership, MSIG Malaysia achieved 15 consecutive years of underwriting profitability, successfully navigated a key strategic partnership, and led the company through the detariffication of Motor and Property classes. The company also developed numerous innovative motor and fire products, with add-on products contributing to the company’s growth. This track record of sustained excellence and innovation has earned widespread industry recognition. Among the accolades received during Mr Chua’s tenure are the Asia Insurance Review’s General Insurance Company of the Year in 2015, and InsuranceAsia News’ Property and Casualty Insurer of the Year 2018 as well as multiple intragroup regional Innovation Awards and the PTV-Mini PA (microinsurance for B40).
Expressing his gratitude, Mr Chua stated, “It has been an incredible journey, and I am immensely thankful to our Head Office in Japan, MSIG Malaysia’s board members, senior leadership team and employees, as well as our partners, and our customers for their trust and support over these 42 years. I’m filled with gratitude, pride, and a deep sense of fulfilment as I transition to a senior advisory role. I leave confident that MSIG Malaysia will continue to thrive and grow under Ms. Ang’s capable leadership.”
Following Mr Chua’s retirement, MSIG Malaysia is pleased to announce the appointment of Ms. Ang Yien Chia as the new Chief Executive Officer, effective 3 July 2025. Ms. Ang brings extensive experience and a proven track record in the insurance sector, having served MSIG Malaysia for 29 years in various strategic roles across East and Peninsular Malaysia. Over the past eight years, she has been a key member of the Senior Management Team, where her leadership and strategic insights have played a vital role in shaping the company’s direction and fostering growth across multiple distribution channels, including Agency, Bancassurance, Broking, Direct Corporate and Affinity Partnerships.
Ms. Ang stated, “I am honoured to take on this role, building on the strong foundation laid by Mr Chua over the past four decades. My focus will be on driving continued innovation, enhancing customer satisfaction, and further strengthening MSIG Malaysia’s market position while preserving the culture of excellence and teamwork that has made us successful.”
To ensure a smooth transition, Mr Chua will continue to serve in a senior advisory capacity, helping to maintain continuity across strategic initiatives and key stakeholder relationships.
MSIG Malaysia expresses its deepest appreciation to Mr Chua for his exceptional leadership, vision, and dedication, and extends its best wishes as he transitions to his advisory role.
-END-
Frequently Asked Questions (FAQ)
1. Why is Mr Chua retiring from his role as CEO of MSIG Insurance (Malaysia) Bhd?
Mr Chua is retiring after an illustrious 42-year career in the insurance industry, including 15 years as the CEO of MSIG Malaysia. His retirement is part of a planned leadership transition, though he will continue to contribute as a senior business advisor.
2. Who will succeed Mr Chua as the new CEO of MSIG Malaysia?
Ms. Ang Yien Chia will succeed Mr Chua as the new CEO of MSIG Malaysia, effective 3 July 2025.
3. What are the key achievements of Mr Chua’s tenure at MSIG Malaysia?
Mr Chua led MSIG Malaysia to become one of the leading general insurers with consistent growth in Gross Written Premium (GWP), underwriting results, and strong financial performance for 15 consecutive years. He successfully navigated a key strategic partnership, led the company through the detariffication of Motor and Property classes, and established the Data Analytics Department. Under his leadership, the company introduced numerous innovative motor and fire products, with add-on products contributing significantly to the company’s GWP growth.
4. What will Mr Chua do after his retirement?
Mr Chua will transition to a senior business advisor role, sharing insights and advice to support a smooth leadership transition while minimising risks often associated with leadership changes. He remains committed to MSIG Malaysia and will focus on ensuring continuity and supporting the new CEO.
5. Who is the new CEO of MSIG Malaysia, and what is their background?
Ms. Ang Yien Chia is a homegrown talent with over 29 years of experience in the general insurance sector at MSIG Malaysia. She has built a strong strategic foundation through her involvement in several branch operations across East and Peninsular Malaysia, consistently driving excellence in business development, claims, and underwriting management. Over the past eight years, she has been a key member of the Senior Management Team, recognised for her ability to lead through change and strategic foresight.
6. How will this leadership transition impact MSIG Malaysia’s customers and partners?
MSIG Malaysia remains committed to maintaining its high standards of customer service, innovation, and financial strength. The leadership transition is designed to be smooth, with Mr Chua’s continued involvement as senior advisor ensuring no disruption to customers or partners. Ms. Ang’s 29-year tenure with the company ensures deep understanding of all stakeholder relationships.
7. Can we speak with Mr Chua or the new CEO for an interview?
Media interview requests can be directed to Yee Feng Lim (+603 2039 0908 | [email protected]) or Vinsant Huang (+604 2190 882 | [email protected]).
Hashtag: #MSIGMalaysia
The issuer is solely responsible for the content of this announcement.
About MSIG Insurance (Malaysia) Bhd
MSIG Insurance (Malaysia) Bhd (“MSIG Malaysia”) is a subsidiary of Mitsui Sumitomo Insurance Company, Limited and a member of MS&AD Insurance Group Holding, Inc. (MS&AD).
With over 100 years of general insurance experience and a nationwide network of 20 branches in Malaysia, MSIG Malaysia is one of the leading general insurers in Fire, Engineering and Motor classes and No.1* in Marine Cargo, offering an extensive range of products and services for personal and business needs.
MSIG Malaysia’s expertise is well recognised through its receipt of many prestigious awards. These have included the 2020 Reader’s Digest Quality Service Award – Silver winner in the Car Insurance category. MSIG was recognised for having one of the highest levels of quality service, which reflects the effort that the company has put in to satisfy consumers’ demand for high service standards. The company was also awarded the 2018 “Outstanding Property and Casualty Insurer in Malaysia” award in the InsuranceAsia News Awards for Excellence. MSIG Malaysia was commended for leading the market with strong financial growth, investment in product innovation, enhanced digital capabilities in business and claims management systems and strong customer service proposition. Its commitment to customer service excellence through its efforts in enhancing the customer experience and industry leadership in Enterprise Risk Management also earned MSIG Malaysia the “General Insurance Company of the Year” at the Asia Insurance Industry Awards in 2015. Later at the 26th Asia Insurance Industry Awards 2022, MSIG Malaysia was among the Top 3 Finalists for the General Insurance Company of the Year.
For more information on MSIG Malaysia, visit www.msig.com.my or facebook.com/MSIGmy.
Media OutReach
Midea Hiconics Teams Up with MIA Group to Bring New Solar Tech to Pakistan
Hardware Built for Local Conditions
The company isn’t just showing off standard gear; they’ve brought systems specifically designed to handle the challenges of the local energy landscape.
- PowerX1 Hybrid Inverters: Intelligent energy management, seamlessly switching between solar, battery, and grid for stable, uninterrupted power. Supports multi-source integration and rapid power transition.
- Powerinfi All-in-one ESS: ISO 13849 PL-d and IEC 62443 certified for functional safety and cybersecurity. Features a multi-layer battery safety system within a compact design.
- Advanced Solar & System Protection: Incorporates N-type HOT3.0 solar cell technology for enhanced low-light performance. The system boasts an IP66 rating for superior dust and water resistance.
A New Partnership with MIA Group
The big news from the show floor is the new Annual Channel Distribution Strategic Partnership with MIA Group. MIA Group is already a household name in Pakistan for HVAC and energy, and this deal means they’ll be the main bridge for Midea Hiconics’ tech to reach the local market.
“We’re excited to get to work with MIA Group,” a Midea Hiconics spokesperson said. “They have the reach and the local knowledge we need. By putting our hardware in their hands, we’re making it much easier for people here to switch to reliable, clean energy without the usual headaches.”
Media Contact:
Midea Hiconics Press Office
Website: https://www.hiconics-global.com/
Location: Solar Pakistan 2026, Booth A-3-8
Hashtag: #MideaHiconics
The issuer is solely responsible for the content of this announcement.
About Midea Hiconics
Midea Hiconics (SHE: 300048) has been around since 2003 and joined the Midea Group in 2020. They focus on green energy, home storage, and industrial tech, building smart tools that help people take control of their own power.
Check out https://www.hiconics-global.com/ for more info.
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Green SM And Umoney Partner To Build An Integrated Mobility And Digital Finance Ecosystem In Laos
Under the agreement, Umoney will be integrated as a direct payment method within the Green SM app. The two parties will also implement an embedded integration model enabling Umoney users to seamlessly access Green SM’s mobility services directly within the Umoney platform.
For the first time in Laos, customers will experience a fully seamless ride-hailing journey with fares processed instantly via the Umoney e-wallet upon trip completion, replacing the previously common manual bank transfer method. Users simply link their Umoney wallet to the Green SM app for fast, convenient, and fully cashless transactions. Additionally, customers using partner banking applications can pay drivers through Umoney’s QR system, delivering a flexible, fast, and secure payment experience that enhances user convenience and broadens customer reach across both platforms.
As part of the collaboration, Green SM Laos will provide comprehensive mobility solutions for Umoney’s enterprise partners and individual customers, including Green SM Car electric ride-hailing, Green SM Limo, Green SM Airport transfer services, as well as corporate travel packages and flexible, customized mobility plans. Umoney, in turn, will collaborate with Green SM to develop digital financial and payment solutions tailored for drivers within the Green SM ecosystem, encompassing e-wallet services, direct income disbursement, operational expense payments, and cash flow management tools. This synergy is designed to optimize operational efficiency while enhancing the experience for businesses, drivers, and end-users alike.
Beyond mobility and payment solutions, both parties plan to expand their shared digital services ecosystem by integrating Umoney and Unitel’s telecommunications and digital utilities into the Green SM platform, including SIM card registration, mobile top-ups, data package purchases, and other digital services, thereby enhancing the value proposition for users across both platforms.
The two companies will also jointly roll out customer benefit programs targeting Umoney users in Laos, with a particular focus on airports, transaction points, and key high-traffic locations. Through integrated service offerings and incentives promoting electric mobility, Green SM and Umoney aim to foster environmentally responsible travel habits while delivering greater value to customers within their shared ecosystem.
Mr. Ha Chien Thang, Director of Star Fintech Sole Co., Ltd, shared:”Our partnership with Green SM marks a significant milestone in Umoney’s strategy to develop a comprehensive digital finance ecosystem in Laos. The integration of payment capabilities and digital services not only enhances user convenience but also contributes to the advancement of cashless payments and the broader digital transformation of the economy.”
Ms. Tran Hanh An, Director of Mobility Services Sales at Green SM Vietnam & Laos, stated: “The partnership between Umoney and Green SM reflects a shared commitment to connecting the essential infrastructures of modern urban life, from digital finance and telecommunications to a green mobility ecosystem. Through this collaboration, we aim to expand benefits for our customers and driver community while driving meaningful green transformation that is firmly grounded in everyday mobility and consumption needs.”
Furthermore, Green SM and Umoney will collaborate on multi-channel communications initiatives to strengthen brand awareness and expand their combined customer base. Planned activities include co-branded campaigns, promotional programs for new users, digital platform communications, and on-ground experiential activations in key markets.
The partnership between Green SM and Umoney marks a significant convergence of two leading ecosystems in green mobility and digital finance in Laos, united in their pursuit of integrated service solutions that meet the increasingly diverse demands of modern urban life. This collaboration also represents a pivotal step toward fostering innovation, elevating the user experience, and contributing to the sustainable growth of the digital economy in Laos.
Hashtag: #GreenSM
The issuer is solely responsible for the content of this announcement.
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HKUST and Times Higher Education Co-Host Asia Universities Summit 2026
Global Leaders Converge to Shape the Future of Higher Education in Asia
HONG KONG SAR – Media OutReach Newswire – 24 April 2026 – The Hong Kong University of Science and Technology (HKUST) and Times Higher Education (THE) co-hosted the Asia Universities Summit 2026 from April 22 to 24. Under the theme “Igniting Global Transformation: Asia’s Leadership,” the three-day premier event explores Asia’s pivotal role in reshaping global innovation and addressing pressing societal challenges through higher education.
The Summit holds particular significance as it coincides with HKUST’s 35th anniversary and marks a decade of partnership between the University and THE since the inaugural summit. This year’s event has attracted over 600 university presidents, policymakers, and industry titans from 25 countries and regions, underscoring a collective commitment to advancing the academic landscape across the continent.
The Summit officially commenced on April 22 at HKUST’s Shaw Auditorium, with the opening ceremony officiated by Dr. SZE Chun-Fai, Jeff, Acting Secretary for Education of the Hong Kong Special Administrative Region (HKSAR) Government; Prof. Nancy IP, President of HKUST; Phil BATY, Chief Global Affairs Officer, and Mei Mei LIM, President, Asia Pacific, from THE.
In her opening remarks, President Ip underscored the need for cross-border collaboration and the evolving role of universities in a rapidly changing world. She said, “As HKUST celebrates its anniversary and a decade of partnership with Times Higher Education, we gather at a defining moment for our region. Asia is increasingly shaping the direction of global innovation, talent development, and societal transformation. In this era of rapid technological advancement and constant change—from artificial intelligence to climate resilience—the challenge of progress lies in anticipating needs and shaping solutions, which calls for a fundamental rethinking of how universities lead. At HKUST, we firmly believe that no single institution can address these global challenges alone; progress will come through openness, partnership, and shared responsibility.
Hong Kong is unique in being the only city in the world with five universities ranked among the global top 100, underscoring its role as a leading international hub for exchange and innovation. Building on this strength, HKUST has initiated dialogues with the world’s leading universities and invited them to Hong Kong to explore opportunities for a university town. This Summit reflects our long‑standing commitment to bringing institutions together to exchange ideas, build meaningful collaborations, and take collective action. By convening leaders from across Asia and beyond, we aim to turn thoughtful dialogue into real impact for our communities and for society at large.”
Dr. SZE Chun-Fai, Jeff, highlighted Hong Kong’s unique position as an international education hub, stating, “Universities today are not only centers of knowledge creation but also powerful drivers of innovation, resilience, and societal impact. In an era of rapid technological advancement, higher education must translate cutting-edge research into real-world solutions that address global challenges. HKUST exemplifies this excellence and achieves remarkable rankings, with its entrepreneurial story equally unmatched, demonstrating the worldwide impact of its research discoveries. Hong Kong has long served as the world’s super-connector and super-value adder, bridging East and West. Our highly internationalized and diversified post-secondary education system positions us ideally to facilitate this convergence between global academic networks and the opportunities of the Chinese Mainland and the wider region. Education, technology, and talent form a foundational triad for success. By fostering talent attraction, interdisciplinary education, industry-academic partnerships, and research collaborations with our counterparts elsewhere, we are building a vibrant ecosystem that strengthens Hong Kong’s innovation edge, contributing to Asia as well as national development.”
Phil Baty reaffirmed THE’s enduring partnership of trust with HKUST and celebrated Asia’s rising global influence, stating, “A decade ago, right here on this stunning campus, THE launched its first-ever Asia Universities Summit. Today, we are witnessing a tilt in the balance of power in global higher education and research from the West to the East. This extraordinary trajectory is driven by Asia’s booming research productivity and global ambitions. Hong Kong, with five universities now ranked among the world’s top 100, stands at the heart of this transformation—a city which we believe will remain the flagship atop the rising tide across Asia, cementing its position as a world-leading powerhouse. New knowledge creation is not a zero-sum game, as we all gain from the leapfrogging Asian university sector. This Summit is a celebration of your excellence and the glorious diversity of our academic community.”
Following the opening ceremony, President Ip joined Prof. Martin O. BERGÖ, Vice-President of Karolinska Institutet, in a keynote fireside chat on longevity science. The discussion explored how advances in biomedicine, neuroscience, and translational research can extend both lifespan and healthspan, while contributing to resilient and equitable societies. President Ip shared insights from her pioneering neuroscience research, including the University’s efforts to decode the biological basis of healthy aging. She said, “Healthy aging is not just about adding years to life, but adding life to our years. We need a paradigm shift from reactive to proactive care. At HKUST, we are focused on monitoring risks for any diseases early and implementing preventive measures. Longevity science is about extending the ‘healthspan’ and as a university, we have much to offer through our research and collaborations. We are uniquely positioned to contribute to this field.”
A spotlight on the first day was a fireside chat between Prof. Harry SHUM, Chairman of the HKUST Council, and Judson ALTHOFF, CEO of Microsoft’s Commercial Business. The dialogue delved into the transformative power of AI across both industry and academia, discussing how universities can collaborate with global technology leaders to prepare students for an AI‑pervasive world. Emphasis was placed not only on technological capability, but also on trust, critical thinking and mindset change within institutions.
Prof. Shum underscored the importance of embracing AI across disciplines, “For our university, at this time, the number one priority is really a mindset change—to focus on AI for science, engineering, business, humanities, and medicine. AI is already here. We do not have to be afraid of this technology. It is a powerful new tool for us and a wonderful thing that we must learn and master to drive growth and innovation.”
Throughout the Summit, President Ip participated in two leadership meetings with over 15 university presidents and senior leaders from institutions across Asia, engaging in candid, strategy‑focused exchanges on shared regional challenges. One session examined how Asia’s emerging innovation corridors—from the Greater Bay Area to other fast‑growing technology belts—can redefine global technology leadership, with discussions centered on governance models and cross‑border collaboration. Another session focused on shaping next‑generation cities, exploring how universities can align research, talent development and policy engagement to support sustainable urban transformation amid rapid technological and societal change. These high-level dialogues emphasized the need for strategic alignment between academic research and regional development, reinforcing the Summit’s mission to leverage Asian leadership for global transformation through collaborative institutional design and shared expertise.
Across a series of high‑level sessions, HKUST senior leadership played an active role in shaping discussions on inclusive leadership, trusted AI in higher education, research commercialization, climate resilience, and global research collaboration. The sessions examined how universities can strengthen governance frameworks to ensure the responsible and ethical use of AI, while cultivating innovation ecosystems that translate research outcomes into socio-economic impact.
The dialogue also addressed strategies for nurturing entrepreneurship, climate‑proofing rapidly growing cities through interdisciplinary engineering approaches, and sustaining borderless research collaboration amid rising geopolitical and regulatory pressures. Collectively, these contributions highlighted HKUST’s commitment to advancing responsible innovation, international partnership, and university leadership attuned to Asia’s evolving challenges and global responsibilities.
The three-day event concluded with a closing ceremony, cementing new strategic partnerships and a shared vision for the future of higher education in the region.
Download photos here: https://hkust.edu.hk/news/hkust-and-times-higher-education-co-host-asia-universities-summit-2026
Hashtag: #HKUST
The issuer is solely responsible for the content of this announcement.
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