ING Insurance Asia/Pacific

ING was a global company which offered financial services from the origin of Dutch.  It was one of the twenty top largest financial institutions internationally as it was ranked among the top 20 companies in Europe.  The company offered asset management, insurance, and banking services in more than fifty nations with approximately one hundred and twenty thousand employees. The company operated in the banking along with insurance services business organization lines for both product and regions groups (Ivey, 2006).

ING is involved in both retail and wholesale services of banking internationally.  It was the first corporation to successful enters into the insurance market in nations such as Taiwan, South Korea, and Japan.  Kemp Jacques has become the recent CEO of the ING insurance subdivision of Pacific/Asia and is, therefore, trying to prepare the corporation for future operations. Both pacific and the Asian market is major insurance opportunities for ING. This is because in India and china there is a huge investment market.  The influence of the corporation is because it enters into those markets that are characterized with minimal regulations this providing ease in market entry.  Two distinct Asian and pacific market factors are associated with economic development in Asia nations (Ivey, 2006). This is mainly because economic development increases the households per capital thus increasing the insurance effectiveness. Kemp was involved in a size up from a distinct meeting with functional and senior managers to focus on the need of developing communication and develop a delegated power.

            Kemp’s leadership principles were based on leadership trait-based approach.  This form of leadership is described by the integration patterns of individual traits which are crucial in reflecting individual’s differences changes ranges. The leadership approach is based on consistent as well as leadership success.  Leadership success is described as the general influence that a leader holds on a performance group, satisfaction as well as the general effectiveness.  According to Kemp functional leaders are expected to hold more direct engagement with their particular units of a business.  The leader should additionally be able to develop and define essential measures of performance (Ivey, 2006).  ING would, therefore, utilize this form of leadership trait in creating a clearer mission as well as a vision that is accurate.  This would, therefore, permit the distinct branches of Pacific/Asia ING regions to gain a more developed understanding based on the major objectives.

 

 

            Reference

Ivey, R. (2006). ING Insurance Asia/Pacific. Ivey Management Services Copyright. Pdf