PRESS RELEASE ASEAN INSURANCE COUNCIL

ASEAN Young Manager Award 2006: Cambodian Wins!
ASEAN School for Young Insurance Managers: Certificates presented to 58 students

Mr. Vong Bunintreavuth - The ASEAN Young Insurance Manager's Award Winner 2006

Mr. Vong Bunintreavuth (left) and Mr. Fuad A Rahmany(right)

ASEAN School for Young Insurance Manager's Students with Regulators

This year's ASEAN Young Manager Winner is Vong Bunintreavuth (37 years) from Cambodia. He took over the award from last year's winner Mr. Sara Lamsam of Thailand. The winner's trophy was directly presented by Mr. Fuad A. Rahmany (Chairman of Capital Market and Financial Institution Supervisory Agency, Ministry of Finance Indonesia) to Vong during the Farewell Dinner of ASEAN Insurance Regulators and ASEAN Insurance Council Meeting last week in Bali Indonesia. The runner ups are Chan Han Eng from Singapore and Wilfred Blackburn from Thai. According to ASEAN Insurance Training & Research Institute the organizer of the award nomination, there were 16 nominees from all ASEAN countries and short-listed into 3 candidates. The 3 candidates were directly interviewed by panel judges consisting of 7 prominent persons from the industry, and it was not easy for the judges to make decision. Vong is the Managing Director of Cambodian Reinsurance Company ("Cambodia Re"), whose major shareholder is government. In the newly developing environment of Cambodia, Vong has proven his leadership to build Cambodia Re right from the scratch 5 years ago. He has proven his talent and leadership by coaching all his staff who have limited insurance experience, to develop and grow Cambodia Re.

During the Farewell Dinner, the ASEAN School for Young Insurance Managers this year, organized by Singapore College of Insurance, Certificates were presented to the 58 students from various ASEAN Countries who completed their 6 days course.

The AIC Secretary General, Teddy Hailamsah said he has plans to look into structuring the chairmanship of the coming ASEAN Insurance Congress next year to be chaired by the winner of the ASEAN Young Manager Award, and the members can come from the alumni of the 1st ASEAN School for Young Insurance Manager representing their respective country. This format can be used for future membership of the ASEAN Insurance Congress, which is dedicated to the young insurance leaders to share their experience and grow together within the region. With this kind of exposure the future ASEAN Insurance leaders will be more progressive and lead the industry to a more vibrant future. (AIC/tnb)