Carousell MY's country head takes on new digital role

Carousell Malaysia's country head, Tang Siew Wai, has joined regional insurance technology company PolicyStreet as chief digital officer. He will spearhead the development of a growth strategy for PolicyStreet with a focus on strengthening its market position, forging strategic alliances and driving growth initiatives.

Tang told A+M that given the growth in the fintech space, he believes insurance technology will soon rank among the most promising sectors, as the traditional insurance landscape will be ripe for disruption. According to him, PolicyStreet has been working towards addressing the protection gaps in the market by innovating within the hard-to-crack insurance space. As such, the commpany is well-positioned to drive growth in this space. "Personally, it's a once-in-a-lifetime opportunity to be part of this rocket ship, and I don't want to 'miss the ship'," Tang said.

He has been with Carousell Malaysia since 2018. According to Tang's LinkedIn, he oversees Carousell’s development in Malaysia, focusing on growth, revenue, marketing, branding, partnerships and community building. He is also responsible for developing annual and quarterly plans, budgets, and objectives for the country. He also worked at Mudah.my, ModeFair and Reebonz as head of general classifieds, CEO and country head for the Malaysia market respectively. Tang was also previously at Huawei for a little over eight years and his last position was regional marketing director for the South Pacific region.

Given his past experiences, Tang said he has developed a strong passion for disruptive tech, which propelled him to constantly explore alternative ideas, transforming the way products and services are delivered to consumers and business partners.

"In my previous capacity as the country head for Carousell Malaysia, I had the opportunity to lead many impactful projects that led to the accelerated growth of Carousell and more importantly, knowing what it takes to rapidly grow businesses at scale. I’m looking forward to sharing the knowledge and expertise I’ve amassed over the years with the PolicyStreet team so that we can continue to accelerate our growth and generate better value for consumers and our business partners," he added.

PolicyStreet provides reinsurance, general insurance, financial advisory services and innovative digital solutions. It currently underwrites its own reinsurance products and works directly with 40 life and general insurance and takaful providers in offering various insurance products and services. The company has goals to drive digital transformation within the conventional insurance industry.

According to Tang, he met PolicyStreet CEO Lee Yen Ming during their stints in the telco industry about 15 years ago and he has been observing PolicyStreet since its inception. 

"As someone who has a passionate interest in disruptive tech, I was really impressed with its growth traction and how it has been helping SMEs and consumers bridge the protection gap in the market by innovating in the hard-to-crack insurance space," he added. Tang said he is excited to be working alongside Lee and his leadership team to deliver the next level of growth and value for consumers and PolicyStreet’s business partners.

Meanwhile, 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 that Tang can lead and scale successful businesses in this region," Lee said.

Separately, Carousell Malaysia's operations are currently led by the group's chief strategy officer Gaurav Bhasin, who also oversees Mudah.

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