Tokio Marine’s Tomo SUGANO Succeeds Mark Lumley as Non-Life Insurance Council Chairman

Tomo SUGANO, General Manager, Overseas Business Division, Tokio Marine & Nichido Fire Insurance Co., Ltd. has officially taken over as Chairman of the Non-Life Insurance Council (NLIC) from Mark Lumley, Senior Vice President, Asia Pacific, Liberty Mutual Insurance

The handing over ceremony was held on June 21, 2023, at the NLIC Secretariat Office in Makati City

NLIC Advocacy Agenda

Tomo SUGANO expressed his gratitude for the opportunity to lead the NLIC, which he described as a “prestigious organization” composed of the top non-life insurance companies in the Philippines.

He also shared his vision for the NLIC under his leadership, which includes continuing the Council’s advocacy for a more robust and resilient Philippine insurance industry.

One of the key areas that Tomo SUGANO plans to focus on is the promotion of insurance awareness and financial literacy among Filipinos.

He believes that by educating the public about the importance of insurance, the industry can help more Filipinos protect themselves and their families from financial risks.

Tomo SUGANO Career and Experience

Tomo SUGANO joined Tokio Marine in 2005 and has since held various positions within the company. Prior to his current role as General Manager of the Overseas Business Division, he was the Deputy General Manager of the International Insurance Business Division.

He also has extensive experience in the international insurance market, having worked in the United States, Europe, and Asia.

Tomo SUGANO holds a Bachelor of Arts degree in Economics from the University of Tokyo and an MBA from the University of Chicago Booth School of Business.

He is also a Chartered Property Casualty Underwriter (CPCU) and a Fellow of the Insurance Institute of America (FIIA).

The NLIC is a non-profit organization composed of 46 member-insurance companies that account for 90% of the non-life insurance premiums in the Philippines.

The Council serves as the voice of the non-life insurance industry in the Philippines and is committed to promoting the development of a sound and sustainable insurance sector.