Australian brokerage Insurebiz has entered a new phase of leadership as Sinan Sarah assumes sole ownership following the retirement of company founder Chris Mustafa.
The succession, effective July 1, is part of a long-anticipated strategic shift aimed at sustaining operational continuity and regulatory compliance.
Mustafa, who launched the firm in 1992, formally retired this month, ending more than 30 years of leadership within the insurance sector.
While the change in ownership marks a notable transition, Insurebiz said it does not signal any shift in operations or service delivery.
“Chris has been instrumental in shaping the foundation and growth of our organisation. It is with great respect and admiration that I commit to building upon the path he so thoughtfully paved,” Sarah said.
Insurebiz confirmed that the transition does not involve any adjustments to personnel, business locations, or contact information.
Current client relationships, policy terms, and service arrangements are expected to remain intact.
The company stated the restructure is designed to reinforce its long-term commitment to operational stability and client servicing, particularly in the small and medium business segment.
The transition at Insurebiz aligns with broader workforce trends across the region.
According to Aon’s 2025 Asia-Pacific Skills Impact Survey, more companies are adopting skills-based workforce planning to address emerging talent demands.
The survey, which gathered responses from more than 135 employers, found that 68% have adopted structured skills frameworks. These are being used to support recruitment, internal mobility, and succession planning.
Despite this shift, many businesses continue to rely on conventional assessment tools, including job descriptions and managerial evaluations. However, 44% reported using analytics, benchmarking tools, or external data to assess capabilities.
The survey also identified growing use of skills data to facilitate lateral moves within organisations.
Currently, around 40% of employers are using employee capabilities to support cross-functional mobility, a figure expected to rise in the coming two years.
Complementing these findings, Aon’s 2025 Human Capital Employee Sentiment Study – based on insights from 9,000 workers across 23 markets – showed that 60% of employees are considering leaving their current roles within the next year.
Flexible work arrangements and wellness programs are rising in importance, particularly among younger workers.
For Gen Z, work-life balance now ranks just behind healthcare access in importance, surpassing areas like career development and paid leave.
