Jeremy Lim to lead WTW insurance consulting line in Malaysia

21 February 2020 Consultancy.asia

Former EY director Jeremy Lim has been appointed as the new insurance consulting and technology leader for the Malaysian branch of Willis Towers Watson – which this month reported worldwide revenues of $9 billion.

Global advisory and broking firm Willis Towers Watson has appointed Jeremy Lim as its new insurance consulting and technology leader for Malaysia. Lim rejoins the firm after a nearly three-and-a-half-year stint as a director and senior manager at the KL office of Ernst & Young, where he headed the local Big Four’s actuarial services team, having previously served for over four years at Willis Towers Watson.

WTW’s Insurance Consulting and Technology practice provides advisory services for insurance sector clients, underpinned by emergent technologies such as deep data analytics and geared toward risk & capital management, technology, strategy & growth, and operational effectiveness & profitability. As of the middle of last year, the practice had a global headcount of more than 1,200 professionals across 35 markets.

“I’m excited to return to Willis Towers Watson and lead the Insurance Consulting and Technology business in Malaysia. I look forward to helping our clients navigate challenges as well as develop and implement compelling and practical solutions across the insurance value chain,” stated Lim, who in his new role will report to Choo Oi San, ICT divisional leader for South Asia and emerging markets.

Jeremy Lim, Malaysia Market Leader at Willis Towers Watson

“With the Asian insurance industry undergoing a digital revolution, Jeremy’s experience, knowledge and expertise will be essential in supporting our clients to adapt to this new environment and take advantage of all of the new opportunities it creates,” commented Choo. “He has a wealth of insurance experience which will be pivotal in taking our ICT practice to the next level in Malaysia and across Asia.”

As ICT head of South Asia and emerging markets, Choo in turn reports to Asia Pacific ICT boss Ken Brown, who like Lim crossed to the firm from EY. Meanwhile, Lim’s appointment follows that of other recent key postings for WTW in the Southeast Asian region, including Luke Ware as Indonesia country head, and Singapore-based Shai Ganu as the firm’s new global practice leader for Executive Compensation.

Earlier this month, the firm also reported record global revenues for its 2019 financial year – breaking the $9 billion barrier on the back of 6 percent growth. While a geographical breakdown of the results wasn’t publicised, the firm’s Investment, Risk & Reinsurance division, under which ICT falls, was one of the firm’s strongest growth areas, with strong technology sales driving an increase in ICT revenue.

“For the year, Willis Towers Watson generated 5 percent organic revenue growth, which was broad-based across all our businesses and 6 percent growth overall,” said CEO John Haley, with WTW having made recent acquisitions. “As we look ahead to fiscal year 2020, we remain focused on executing our strategy and confident in our ability to continue delivering significant value for our clients, colleagues and shareholders.”


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