Raissi has been appointed managing director and group head of general and group insurance at Great Eastern, with his appointment taking effect on the same date.
Ong brings extensive experience in Singapore’s insurance and financial services industry, having joined Allianz Insurance Singapore in December 2019 as head of its financial advisory channel. In 2022, she took on responsibility for leading the company’s bancassurance and financial adviser channels before being appointed chief operating officer in July 2023.
In her new role, Ong will lead Allianz Insurance Singapore’s business operations and strategic direction as the company continues to strengthen its presence in the local insurance market.
Anusha Thavarajah, regional chief executive of Allianz Asia Pacific, expressed confidence in Ong’s appointment, highlighting her strong understanding of the company and the Singapore market. She said Ong’s experience and leadership capabilities would position the business well for its next phase of growth.
Before joining Allianz, Ong served as head of the independent financial adviser (IFA) and broker channel at Etiqa Insurance Singapore. She also spent more than a decade in business development roles at AXA and iFAST Corporation, building experience across insurance distribution and financial services.
Reflecting on his time at Allianz, Raissi described leading the Singapore business as a privilege and expressed confidence in the company’s future under Ong’s leadership. He also acknowledged the progress made by the team during his tenure.
The leadership transition comes as Allianz Group continues to expand its business and strengthen its position in Singapore. In July, the group agreed to acquire HSBC Life Singapore in a deal valued at S$2.7 billion (approximately US$2.1 billion). The transaction also includes a 15-year exclusive bancassurance partnership with HSBC.
The proposed acquisition remains subject to regulatory approval and is expected to be completed in the first half of 2027. If finalised, the deal would further strengthen Allianz’s presence in Singapore’s life insurance market and expand its distribution capabilities.
The latest appointment marks another development in Allianz’s Singapore operations as the group continues to pursue its regional growth strategy and build on its insurance and financial services capabilities.
