Subramanian also pushed back against claims that the overhaul would lead to widespread job losses, adding that reforms would expand the distribution network.
The proposed commission caps have pushed PB Fintech to weigh a move into insurance manufacturing, while some insurers need little or no cost cutting to meet the proposed EoM limits.
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.
