FWD Group appoints Desy N. Widjaya as President Director of FWD Insurance

FWD Group Holdings Limited (“FWD Group”) today announced the appointment of Desy N. Widjaya as President Director of PT FWD Insurance Indonesia ("FWD Insurance”), following regulatory approval by the Indonesia Financial Services Authority (OJK) on 7 November 2023.

Binayak Dutta, Managing Director, Emerging Markets, and Group Chief Distribution Officer of FWD Group said, “Desy’s extensive experience and leadership is invaluable in navigating the ever-evolving landscape of our industry. With her inclusive, collaborative and forward-thinking approach, Desy will continue to focus on driving further growth for our strong Indonesian business.”

Prior to her appointment as President Director, Ms. Widjaya served as Chief Financial Officer since January 2022 and in April 2022 she was appointed as Director FWD Insurance, where she was responsible for the planning, implementation, and management of all financial activities of the company, including actuary, investment, and product development. Ms. Widjaya has more than 24 years of experience in driving strategic initiatives, performance management, and good governance across various companies in Indonesia’s financial industry, particularly within banking and insurance.

“Indonesia continues to present a huge opportunity for FWD, given its large protection gap and young, digitally native population. I am honored to continue the work of the FWD Insurance team to bring our simple, easy-to- understand and digitally-enabled products to more people in Indonesia and continue changing the way people feel about insurance,” said Ms. Widjaya.

FWD Insurance ranked number four in agency business by new business sales in Indonesia¹.

¹Based on local regulators, insurance association and industry market share as of 1H2023.