Insurtech Igloo Appoints Grab’s Former Exec as Its Chief Business Officerby Fintech News Singapore March 31, 2022
Insurtech firm Igloo announced that it has appointed Wilson Tseng as its new Chief Business Officer.
Tseng will be responsible for driving Igloo’s commercial strategy, expanding partnerships with business and insurer partners, as well as identifying and developing new growth opportunities and revenue streams.
He will work closely with Igloo’s commercial teams across Malaysia, Vietnam, the Philippines, Thailand and Indonesia.
Additionally, he will work closely with product, engineering, and insurance teams to facilitate new initiatives, products, and services across all markets and product lines.
Tseng will be reporting to Raunak Mehta who was recently promoted as Igloo’s Co-founder and Chief Executive Officer.
With previous senior roles at Grab and Alibaba, Tseng brings valuable commercial strategy, partnerships expansion, and tech experience to support Igloo’s ambitions.
He played a crucial role in growing Grab’s commercial team in the SEA region, working with multiple partners across Grab’s marketplaces, payments, and ads businesses.
Tseng has over 15 years of experience across various industries and has held several leadership positions in Europe and Asia.
Raunak said the addition of Tseng to Igloo’s leadership team, coupled with the US$19 million raised during its Series B, is timely as the company prepares to further strengthen its position in Southeast Asia while also building an engineering center and hiring talents in India.
As of 2021, Igloo’s insurance solutions helped underwrite over 75 million policies in Southeast Asia.
“Wilson brings a wealth of commercial partnerships expertise from a diverse career spanning startups, financial services, and e-commerce.
This strategic appointment will help us maximise value creation for our partners as we scale and build rigour and efficiency into our commercial operations.”
Wilson Tseng, Igloo’s new Chief Business Officer said,
“It’s an exciting time to join Igloo as it continues its ambitious growth. What attracted me to the role is the team’s drive to always do better, both for its partners and its end customers.
I look forward to leveraging my experience to further grow Igloo’s journey and can’t wait to launch new innovative initiatives alongside a fantastic team and partners.”