The Ho Chi Minh City-based company will be 91% owned by ACB Asset Management and authorised to write health, motor, property and other short-tail lines.
The Singapore-based executive has held several senior positions, including head of life and health products, Asia and chief risk officer for Asia Pacific.
Health, motor and personal accident insurance powered the industry's fastest YoY growth of 2026, while fire premiums continued to decline for a sixth straight month.
Draft amendments would allow qualifying institutional investors to increase their shareholding in the same bank without seeking repeated regulatory approvals.
Separating facility ownership from operations and linking insurance products with care services could help insurers develop Korea's mid-priced long-term care market, KIRI said.
