The DFS review also called for stronger performance monitoring, wider digital adoption and improved customer grievance handling across the state-owned insurers.
The Kuala Lumpur-based hire joins the insurer's consumer distribution team from Zurich, where he spent more than four years leading partnerships in Malaysia.
The insurer's sale is drawing attention to South Korea's new K-ICS capital regime, which is expected to shape the scale of any required capital injection.
The agreement extends a seven-year collaboration combining underwriting capacity, climate analytics and data-driven risk modelling to support faster payouts for corporate and public-sector clients.
Samsung Life is also said to be looking at acquiring a 15% stake in Principal Financial Group, which would make it the US retirement provider's largest shareholder.
Markel APAC head Sucheng Chang aims to nearly double the regional book within five years, with recent expansion setting the pace and new opportunities in view.
