AIG Life has appointed Stuart Harrison as the new managing director of its Australian business, replacing David Whyte, who left the company earlier this year.
Harrison was previously sales and product development manager for AIG Life in Korea, after joining parent company AIG as a vice president in 2003.
His experience includes stints over the past 17 years at UK-based insurance businesses, including Royal SunAlliance, Allied Dunbar and Zurich Lloyds TSB.
Harrison said he is committed to “helping the team at AIG Life reduce Australia’s underinsurance gap, which currently sees nearly half of the population at risk”.
He said the local life insurance industry has “some work to do in communicating the value of professional advice to consumers so that they are better informed about risk insurance and the associated benefits”.
By comparison, he added, risk insurance “is at the forefront of financial planning in Korea, as they simply do not want to take risks with their family’s future”.
