FinTech Magazine February 2019 | Page 17

Alexander Chao joined Marsh Taiwan in 1998 , and has almost 30 years of comprehensive experience in general insurance . Over the past 21 years , he has been servicing large clients in the high tech sector , offering advice in insurance program design , technical review , strategic risk review , and market relationship management . In 2016 , Chao was appointed as the Regional Communications , Media and Technology Practice Leader for Asia , leveraging his deep expertise to spearhead business development initiatives throughout the region .
ASIA
increase in the types of errors can be devastating . As technology becomes ubiquitous , Quigley says that “ the severity of technology failures gets greater and greater every day ”. Whether the technology is being used to protect personal records or to improve the efficiency of manufacturing operations , a failure of any kind can stop a business in its tracks . “ If the fintech which supports my trading platform goes down for 30 minutes , that could result in hundreds of millions of dollars in losses ,” he says . “ The more we depend upon technology , the larger the loss could be .”
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EXECUTIVE PROFILE

Alexander Chao joined Marsh Taiwan in 1998 , and has almost 30 years of comprehensive experience in general insurance . Over the past 21 years , he has been servicing large clients in the high tech sector , offering advice in insurance program design , technical review , strategic risk review , and market relationship management . In 2016 , Chao was appointed as the Regional Communications , Media and Technology Practice Leader for Asia , leveraging his deep expertise to spearhead business development initiatives throughout the region .

Prior to joining Marsh , Chao started his career with MSIG Taiwan as the Head of Property Underwriting .
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