July 24, 2023 – New York-based Work&Partners has recruited Farhad Farshad as chief claims officer for AIG Japan. Founder and president Alan Work led the assignment. “Farhad brought a unique blend of the business side of the insurance world, coupled with his consulting experience and transformation background to this opportunity,” said Mr. Work. “In addition, being fluent in three languages and his longtime residency in Japan gave him a tremendous understanding of Japanese culture and how he could impact AIG going forward.”
Mr. Farshad is a senior executive with a record of achievements in multinational IT and financial enterprises with full responsibility for growing the top line, managing the P&L performance of multi-million dollar enterprises and organizations, strategic sales management, corporate strategy development and deployment, international business development, turnaround leadership, and many others.
Mr. Farshad was formerly chief operating officer for Zurich Insurance, Japan. Prior to that, he was the founder and chief executive officer of Knowledge Bridge Inc. Earlier in his career, Mr. Farshad was with ASA Life Insurance, Japan as the executive officer of their customer service division.
According to Salary.com, chief claims officers generally plan and direct all aspects of an organization’s insurance claims function. They are responsible for managing and implementing claims programs for all lines of insurance. In addition, they often direct the review and settlement of complex or high dollar claims. These executives generally develop procedures and policies to enhance and improve the processing, investigation, and settlement of claims.
AIG is a global commercial and personal insurance organization. They provide a broad range of products, including property casualty insurance, life insurance, retirement solutions and other financial services to customers in about 70 countries and jurisdictions.
Experienced Search Firm
Work&Partners is a retained executive search firm that recruits senior-level executives for top management and technology consulting organizations, high-tech firms, and corporations on a global basis. The firm combines this core competency with a strong focus on M&A due diligence, TAS, and corporate finance consulting environments. Its team of retained search consultants, researchers, and support personnel that have built a network of global contacts in the financial services and Fortune 500 arena.
Top 5 Trends Impacting Senior Leaders Half Way Through 2023
Organizations around the world are facing historic disruption that hasn’t been seen in generations. With continuous shifts in the economic and employment outlook, the rapid rise of technological advancements, and other unprecedented factors that are helping to define today’s workplaces, it’s imperative that organizations grasp these trends and harness them to their advantage.
“As we enter the second half of 2023, these movements continue to be top of mind for business leaders,” says a recent report from real estate-focused executive search firm 20/20 Foresight. In its study, the firm provided the top five trends they see as shaping where the future of work is heading.
Mr. Work founded Work&Partners in 2002. In focusing on the development of C-level teams, Mr. Work has filled roles at the managing director, partner, vice president, and president levels. His expertise spans a range of industries and includes knowledge of the management consulting, technology consulting, financial services, and telecommunications sectors. He has placed candidates in the Big Four accounting firms, both public and private companies, professional services organizations, and venture-backed entities. Cognizant, FTI Consulting, Be Informed, Deloitte Consulting, eBay/PayPal, Capgemini, LiquidHub, and Electronic Ink are among the clients Mr. Work has worked with since the firm’s inception.
Contributed by Scott A. Scanlon, Editor-in-Chief; Dale M. Zupsansky, Managing Editor; and Stephen Sawicki, Managing Editor – Hunt Scanlon Media