Specialty insurance and reinsurance brokerage Price Forbes has strengthened its Singapore team with the appointment of Rajiv Ramakrishnan as head of accident and health (A&H).
He will report directly to Dick Heath, Head of Reinsurance and Wholesale, and will assume responsibilities immediately.
In this role, Rajiv will drive the growth of Price Forbes’ A&H services across Southeast Asia and the wider Asia Pacific region. The appointments come as insurers face growing pressure, including health care costs outpacing general inflation and continued demand for A&H insurance following the pandemic.
He will focus on closing gaps in cedents’ portfolios, working with insurers to launch new primary insurance products covering critical illness, one-off benefits, travel and other A&H segments.
Rajiv has nine years of experience with Liberty Mutual Insurance, most recently as Vice President of Insurance Products for A&H Thailand. His background also includes five years in health economics in the pharmaceutical and hospital sectors.
Philip Johnson, CEO of Forbes Asia Pacific, added: “Rajiv’s appointment marks the next step in our ambition to build a comprehensive professional offering for customers in Asia Pacific. We have identified a huge opportunity in the A&H space due to significant structural growth and unmet demand, and Rajiv’s extensive experience in the field means we are well-positioned to seize this opportunity with confidence.”
“His leadership further solidifies our position as the partner of choice for cedants looking to strengthen and diversify their portfolios in the region, and I’m delighted to welcome him to the team.”