Willis Towers Watson Hires Albert Li to Lead Insurance Consulting, Technology Business in Hong Kong, Taiwan

HONG KONG, Sept. 19 -- Willis Towers Watson, an advisory, broking and solutions company, issued the following news release:

Willis Towers Watson (NASDAQ: WLTW), the leading global advisory, broking and solutions company, today announced the appointment of Albert Li as Head of Hong Kong and Taiwan for its Insurance Consulting and Technology business.

Albert will be responsible for developing opportunities and supporting clients in both Hong Kong and Taiwan. He will manage the Hong Kong business, lead and develop an exceptional team of colleagues, and partner with clients to deliver solutions spanning the entire insurance value chain - giving clients an extra edge in solving their business challenges.

Based in Hong Kong, Albert's appointment took effect on 1st September 2017. He reports to Richard Collis, Managing Director of Willis Towers Watson's Insurance Consulting and Technology business in Asia Pacific. Albert joins more than 250 insurance-focused consultants and specialists in nine Asia Pacific markets, part of a workforce of 7,000 colleagues located across 15 countries in Asia.

"Albert is a very valuable addition to both our Hong Kong and regional leadership teams. He has deep industry experience and will play a pivotal role in bringing the regional practice and functional initiatives to Hong Kong and Taiwan," said Richard Collis. "Business and risk management processes continue to change in the low yield environments of Hong Kong and Taiwan. This is creating new challenges - but also new opportunities - in terms of investment and financial security within the region. With new senior appointments like Albert, we continue to strengthen and diversify our bench of talent in order to address clients' strategic business needs."

Albert brings 24 years' experience as an actuary in the U.S. life insurance industry, and more recently three years as the Chief Actuary and Chief Risk Officer with Cigna in Indonesia, and three years with Chubb Life in Vietnam. More broadly, his experience includes financial, operational and risk management, involving actuarial appraisal analysis, risk modeling, U.S. GAAP valuation, product pricing and development, reinsurance negotiation, underwriting review and claims analysis using various actuarial models and technologies.

Albert's appointment follows several other new hires in Willis Towers Watson's Insurance Consulting and Technology business in the region, such as Mei-Chee Shum as Head of Life, North Asia, Kevin Angelini as Head of Strategy for Asia Pacific, and more recently David Maneval as Head of Property and Casualty, South Asia.

Willis Towers Watson has been involved in all the major Hong Kong insurance IPOs, and services 97 of the top 100 global insurers. More than 1,000 companies worldwide use Willis Towers Watson's insurance technology. The Insurance Consulting and Technology business offers a powerful combination of advisory services for insurance companies, integrated with technology solutions and market-leading software that is underpinned by unparalleled analytics capabilities.