Willis Towers Watson has appointed Albert Li as head of Hong Kong and Taiwan for its insurance consulting and technology business.

Li will be responsible for developing opportunities and supporting clients in both Hong Kong and Taiwan. He will manage the Hong Kong business, lead and develop his team of colleagues, and partner with clients to deliver solutions spanning the entire insurance value chain.

Based in Hong Kong, Li’s appointment took effect on September 1 2017. He reports to Richard Collis, managing director of Willis Towers Watson’s insurance consulting and technology business in Asia-Pacific.

“Albert is a very valuable addition to both our Hong Kong and regional leadership teams. He has deep industry experience and will play a pivotal role in bringing the regional practice and functional initiatives to Hong Kong and Taiwan,” says Richard Collis. “Business and risk management processes continue to change in the low yield environments of Hong Kong and Taiwan. This is creating new challenges – but also new opportunities – in terms of investment and financial security within the region. With new senior appointments like Albert, we continue to strengthen and diversify our bench of talent in order to address clients’ strategic business needs.”

Li brings 24 years’ experience as an actuary in the US life insurance industry, and more recently three years as the chief actuary and chief risk officer with Cigna in Indonesia, and three years with Chubb Life in Vietnam. More broadly, his experience includes financial, operational and risk management, involving actuarial appraisal analysis, risk modelling, US GAAP valuation, product pricing and development, reinsurance negotiation, underwriting review and claims analysis using various actuarial models and technologies.

Li’s appointment follows several other new hires in Willis Towers Watson’s insurance consulting and technology business in the region, such as Mei-Chee Shum as head of life, North Asia, Kevin Angelini as head of strategy for Asia-Pacific, and more recently David Maneval as head of property and casualty, South Asia.