Taiwan’s China Life Insurance has appointed Ms Kuo Yu-Ling as the chairperson of its board of directors, becoming the first private-sector insurer to elect a woman to this position.
She succeeds Mr Wang Ming-Yang who retired.
Ms Kuo has worked in the insurance industry for over 40 years. Her immediate past position was that of vice chairman of the insurer. She has also served as the general manager of China Life which she joined in 2003. She was previously also vice president at Nanshan Life Insurance and deputy investment executive at Ping An Insurance Group of China.
China Life said that Ms Kuo led the management team to complete two major mergers and acquisitions. These were of Winterthur Life Taiwan branch in 2007 and assets of PCA Life in 2009. The mergers propelled China Life to the ranks of the five biggest life insurers in Taiwan.
Female senior executives have come to the fore in recent years in private insurance companies in Taiwan. For example, China Life appointed Ms Stephanie Hwang as president and Lauren Hsien as chief investment officer in 2017. Shin Kong Life has a female vice chairman while several other insurers have appointed women as general managers.