Policy Street appoints Tang Siew Wai as chief digital officer

Regional insurtech player, PolicyStreet, has appointed Tang Siew Wai as chief digital officer.

In a statement, the company said Tang will spearhead the development of growth strategy for PolicyStreet with a focus on strengthening its market position, forging strategic alliances, and driving growth initiatives.

PolicyStreet is a company that provides reinsurance, general insurance, financial advisory services and digital solutions aimed at driving digital transformation within the conventional insurance industry.

“Asean’s insurance penetration is at 3.5% of GDP and is about 60% of the global average, with protection gaps in life, health and disaster coverage. 

“To better serve the uninsured and underinsured, we’re looking to drive the digital overhaul of the traditional insurance sector. Understanding the need for expertise in this area, we’re proud to have Tang onboard,” said Lee Yen Ming, chief executive officer of PolicyStreet.   

Lee said Tang's appointment is part of PolicyStreet’s growth strategy to expand its share of voice both locally and regionally. 

With over 20 years of experience in a myriad of technology and digital-related industries, we're confident Tang can lead and scale successful businesses in this region, said Lee.

“It's an honour to take up this important role to spearhead PolicyStreet's growth and market expansion, and I'm excited to be working alongside Lee and his leadership team to deliver the next level of growth and value for consumers and our business partners,” said Tang.

Prior to joining PolicyStreet, he was with Carousell Malaysia in his capacity as country head. He established  the local office in Malaysia, and has successfully led the execution of many  projects to make Carousell a preferred marketplace for millions of users to buy & sell second hand items in Malaysia.

Previously, he held various leadership roles such as the CEO of ModeFair, the country head for Reebonz, and the regional marketing director at Huawei.

Tang holds a 1st Class Honours Degree in Business Information Technology from Coventry University.