Mr Crewe first joined the AIA Group in 1994 and held a variety of senior executive roles throughout the Asia Pacific region before becoming chief executive of AIA Australia at the end of 2011.
He has over 26 years of experience within the life insurance, fund and superannuation industries both within Europe and the Asia Pacific region.
Mr Crewe is also currently a board member of the Australian Science Media Centre, a not-for-profit organisation for the news media.
Chairman of the FSC Greg Cooper said Mr Crewe brings significant Australian and international experience in the life insurance industry to the board.
“He will be part of a critical stage in the growth of Australia’s financial services industry as it expands from $2 trillion today, to $3 trillion by 2020,” said Mr Cooper.
Mr Crewe said his new role will enable him to increase the prominence of life insurance in Australia.
“While there have been improvements recently, underinsurance is still a big issue for Australia,” said Mr Crewe.
“We are trying to address this as a business, and I look forward to working with Greg and my fellow directors to ensure that the standards that are agreed by the FSC for the provision of life insurance benefit all Australians.”