{"id":270675,"date":"2026-07-31T22:26:18","date_gmt":"2026-07-31T15:56:18","guid":{"rendered":"https:\/\/ayasompo.com\/elementskit-content\/dynamic-content-widget-158b868-aff00f6\/"},"modified":"2026-09-11T11:25:52","modified_gmt":"2026-09-11T04:55:52","slug":"dynamic-content-widget-158b868-aff00f6","status":"publish","type":"elementskit_content","link":"https:\/\/ayasompo.com\/en\/elementskit-content\/dynamic-content-widget-158b868-aff00f6\/","title":{"rendered":"dynamic-content-widget-158b868-aff00f6"},"content":{"rendered":"
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\n \n\t\t\t\t\t\t\t\t\t\t<\/i> <\/div>\n <\/div>\n\n \n PURCHASING COMMITTEE<\/span>\n\n \n <\/a>\n <\/div>\n\n
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\n Led by Vice Chairman and comprised of key management members from Finance, Admin departments and key stakeholders. The committee prioritizes and implements purchase of default properties, servicing materials and equipment that are financially or otherwise advantageous to the company and its associates. The purchasing committee has the ultimate responsibility to recommend to the Board of Directors in order to engage purchasing functions that are mutually advantageous in obtaining accurate performances in doing business with full transparency. The committee also oversees the effectiveness and administration of procurement policies, recommends enhancements to the policy or procedures, and approves purchasing assets and capital expenditures in line with the company strategy. <\/div>\n\n <\/div>\n\n <\/div>\n\n \n
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\n \n\t\t\t\t\t\t\t\t\t\t<\/i> <\/div>\n <\/div>\n\n \n RESERVING COMMITTEE<\/span>\n\n \n <\/a>\n <\/div>\n\n
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Led by the appointed Chief Actuary and comprised of senior management including Chief Executive Officer, Chief Operating Officer, Chief Financial Officer, and management members from Claims and Corporate Strategy. The committee ensures accurate and appropriate estimation of insurance reserves. The committee focuses on maintaining financial stability, complying with regulatory requirements, managing risk, and conducting thorough actuarial analysis and review. The committee supports the company's financial health, enables effective risk management, and ensures the availability of funds to meet future insurance claim obligations.<\/p> <\/div>\n\n <\/div>\n\n <\/div>\n\n \n

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\n \n\t\t\t\t\t\t\t\t\t\t<\/i> <\/div>\n <\/div>\n\n \n BANCASSURANCE COMMITTEE<\/span>\n\n \n <\/a>\n <\/div>\n\n
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Led by Chief Executive Officer and comprised of senior management including Chief Operating Officer, Chief Business Officer and Chief Sales & Marketing Officer. The committee sets annual targets across the Bancassurance business in line with the company\u2019s business strategy, executes to achieve set targets, monitors performance against targets, and makes improvements. The committee works closely with bank partner(s) and is responsible to create long-term sustainable business for the company as well as to implement strategy for marketing, distribution, and promotion of general insurance products through partner banks.<\/p> <\/div>\n\n <\/div>\n\n <\/div>\n\n \n

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\n \n\t\t\t\t\t\t\t\t\t\t<\/i> <\/div>\n <\/div>\n\n \n BUSINESS PLAN COMMITTEE<\/span>\n\n \n <\/a>\n <\/div>\n\n
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Led by Chief Executive Officer and comprised of senior management including Chief Operating Officer, Chief Business Officer, Chief Sales & Marketing Officer and management members from Corporate Strategy. The committee strategically plans the Company\u2019s short, medium and long-term business sustainability with respect to its vision and mission and in response to market conditions. The committee directs the Company\u2019s long-term business plan and sets the strategic vision, mission and goals for the years ahead. It aims to effectively represent and promote the interests of the Company with a view to providing long-term value and sustainability. The committee is accountable to Management and Board members and is responsible for the Company\u2019s business planning.<\/p> <\/div>\n\n <\/div>\n\n <\/div>\n\n \n

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\n \n\t\t\t\t\t\t\t\t\t\t<\/i> <\/div>\n <\/div>\n\n \n BUSINESS DEVELOPMENT COMMITTEE<\/span>\n\n \n <\/a>\n <\/div>\n\n
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Led by Chief Executive Officer and comprised of senior management including Chief Operating Officer, Chief Business Officer and Chief Sales & Marketing Officer. The committee effectively represents and promotes the interest of the company with a view to providing long-term value and sustainability for the company. The committee is responsible to explore potential business opportunities that create long-term sustainable business for the company and to implement strategy for marketing, distribution and promotion of general insurance products. The committee is accountable to the Management and Board members, and as such is responsible for the overall business growth, better customer services, serve good purpose to the industry and expand distribution channels to enhance company\u2019s network, brand and value.<\/p> <\/div>\n\n <\/div>\n\n <\/div>\n\n \n

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\n \n\t\t\t\t\t\t\t\t\t\t<\/i> <\/div>\n <\/div>\n\n \n SERVICE EXCELLENCE COMMITTEE<\/span>\n\n \n <\/a>\n <\/div>\n\n
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Led by Chief Operating Officer and comprised of key management members from Operations, Customer Experience, Corporate Communications, and Claims. The Service Excellence Committee (SEC) aims to provide oversight into service quality standards and to promote and maintain positive customer experience. The objectives of the SEC are to embark on activities that would improve and enhance customer service and ensure positive customer experience in line with the company\u2019s strategic plan.<\/p> <\/div>\n\n <\/div>\n\n <\/div>\n\n \n

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\n \n\t\t\t\t\t\t\t\t\t\t<\/i> <\/div>\n <\/div>\n\n \n CLAIM ASSESSMENT COMMITTEE<\/span>\n\n \n <\/a>\n <\/div>\n\n
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Led by Chief Corporate Affairs Officer and comprised of senior management including Principal Officer, management members from Claims, Operations and Legal Officer. The committee reviews claim management processes, evaluates loss adjustment procedures, including the quality in decision making on claim disbursements and the evaluation process on the need of external loss adjustment teams. 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