Ratings affirmed, but high proportion of interest-sensitive products means insurer's earnings are likely remain volatile in the current market environment.
The review comes as public sector insurers face regulatory pressures to improve solvency ratios and adapt to upcoming reforms under the Insurance Amendment Bill.
Lianggara will join in November from Aviva to drive growth in Indonesia, Vietnam, and Malaysia, as well as oversee Sun Life's JV with China Everbright Group.
