Insular Life (InLife) named Efren C. Caringal, Jr. as new chief operating officer (COO).
In a statement, the country’s largest Filipino life insurer announced Wednesday, July 29, that Caringal will have the rank of senior executive vice president at InLife.
Caringal, an insurance professional, has handled executive roles in several markets including the Middle East, Germany, Ireland and Singapore.
He was a former regional risk head of a multinational life insurer in Singapore. Before that, Caringal was chief risk officer in Dublin and Munich, and head of both life products and risk management at a life insurer in Manama in the Gulf region.
When he returned to Manila, Caringal was appointed chief finance officer and treasurer as well as chief investment officer at a multinational life insurer.
Raoul E. Littaua, InLife president and chief executive officer said Caringal has built a strong life insurance experience gained from both domestic and international life insurance companies.
“He will work closely with the Board of Trustees and top management in formulating and implementing business strategies,” Littaua said
As InLife COO, Caringal will have oversight on strategy and financial management, insurance operations, actuarial, investment management, real property, information technology including digital transformation, and information security and data privacy.
Caringal is a BS Mathematics graduate of the University of the Philippines and completed an Actuarial Science Postgraduate Diploma with merit from the University of Leicester in the United Kingdom.
He is a fellow of Life Management Institute (LOMA) and Life and Health Claims (ICA), as well as an Associate member of the Actuarial Society of the Philippines (ASP).