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Role of Independent Directors in Insurance Company

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BIO PROFILE

Tan Beng Lee is the Director & Group Chief Executive Officer of Great Eastern Holdings Limited. He is also the Chairman of Straits Lion Asset Management Limited - the Company’s asset management subsidiary, and the Director and Chief Executive Officer of Great Eastern Life Assurance Company Limited (GE Life) - the Company’s wholly-owned life insurance company.

Mr Tan joined GE Life as its Chief Executive Officer on 1 July 1996 and was appointed a Director in November 1997. He was also made Group Chief Executive Officer of Great Eastern Holdings when the latter was incorporated in 1999.

He has more than 25 years of senior management experience in the insurance industry, both internationally and locally. Prior to joining GE Life, he was the Second Vice President & Actuary at UNUM, a life insurance company in USA for 20 years. UNUM is the leader in disability insurance in USA.

He graduated from the then University of Singapore with First Class Honours in Bachelor of Science, and went on to obtain a Masters degree in Actuarial Science from the Northeastern University in Boston, USA. He is a Fellow of the Society of Actuaries (an American professional association for actuaries), and a Member of the American Academy of Actuaries.

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