Wishing Mr. Theo Pitsikas greater responsibilities and exciting challenges in this impressive new chapter!
Zurich Insurance has appointed Theo Pitsikas as the new Head of SME for the Asia Pacific region, a strategic move to deepen its footprint in the vibrant and growing small business sector across the continent.
Beginning June 16, 2025, Theo will step into his new role, relocating from Sydney to the financial heart of Singapore. He will lead Zurich’s initiatives to uplift the SME landscape in high-growth countries like India, Indonesia and Malaysia. His mission is clear — to bridge the protection gap and empower small and medium-sized businesses with tailored insurance solutions that can withstand today’s complex risk landscape.
Currently, only 15 percent of Micro SMEs in Southeast Asia are protected against natural calamities. To change this, Theo will drive the creation of modular insurance products, crafted to serve niche groups such as Micro SMEs and trade professionals. His efforts will also include refining Zurich’s underwriting capabilities and accelerating digital platform development to make purchasing insurance smoother and more intuitive.
Reporting directly to Sean Walker, Head of Commercial Insurance and Chief Technical Officer for Asia Pacific, Theo’s appointment is seen as both timely and necessary.
“Theo has been pivotal in growing our SME portfolio in Australia, where we have established a highly successful platform and SME proposition,” said Walker. “SMEs are the backbone of Asia Pacific’s economies. However, they face mounting challenges in an increasingly complex risk environment – where climate volatility and economic uncertainty are compounded by fast-growing risks such as cyber threats and supply chain disruptions. Theo’s appointment is a strategic step forward as we accelerate plans to scale our support to this vital sector.”
With more than a decade of experience in transforming SME strategies, Theo is expected to play a central role in not just expanding Zurich’s offerings, but in making meaningful impact across communities where small businesses are the lifeblood of the economy.
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