Avish Kamdar
Summary
Credentialed life insurance actuary with a global perspective and expertise in financial reporting, risk management, actuarial model development, and product pricing. Proven track record in driving efficiency, business transformation, and stakeholder engagement. Committed to delivering high-quality solutions and enhancing business performance.
Overview
11
11
years of professional experience
Work History
Manager and Actuary - Global Actuarial Consulting Group
Munich Re
04.2022 - Current
- Implemented IFRS17 and IFRS9 standards, ensuring a smooth transition for a large North American client
- Lead GGY-AXIS model development projects for European and North American clients, optimising performance and enhancing methodology
- Spearheaded a business transformation project to integrate reporting workstreams for SII and IFRS17 reporting, resulting in significant cost savings for client
- Provide oversight and guidance in delivery of market-wide pricing publication for the Canadian industry
Actuary - Pricing and Product Development
AIA Insurance
02.2019 - 12.2021
- Company Overview: New Zealand
- Developed and delivered pricing solutions for life, trauma, disability income and health insurance products, contributing to revenue growth
- Consulted with reinsurance partners to deliver pricing solutions for the risk product suite
- Lead a transformative project to integrate commission propositions - achieving top quartile product performance in the adviser market
- Established executed end-to-end process for analysing claims experience studies for disability income, trauma and life insurance products, enhancing resource capacity
- Collaborated with senior management to appraise upcoming business opportunities, enhancing market position
- New Zealand
Senior Actuarial Analyst - Financial Reporting
AIA Insurance
05.2017 - 02.2019
- Company Overview: New Zealand
- Deliver annual new business sales volume and profitability targets- in liaison with senior executives in sales, finance, and strategy teams
- Tracked and reported on key metrics such as VNB, operating expenses against budget, providing actionable insights to senior management
- Lead the annual expense budget delivery in collaboration with various business units, optimizing financial performance
- Analyzed the impact of assumption changes on profitability metrics, summarizing findings for senior management
- Collaborated with other business units to evaluate feasibility of strategic projects, driving business optimization
- New Zealand
Actuarial Analyst - Enterprise Risk Management
Kotak Life Insurance
01.2015 - 04.2017
- Company Overview: India
- Established and maintained the individual capital assessment (ICA) model framework, enhancing economic capital reporting accuracy
- Reported Economic Capital requirements for regulatory and internal purposes - conducting risk quantifications and analyzing changes in business profile and key metrics
- Validated existing risk quantification methodologies using Microsoft Office and R; proposing enhancements to maintain best practices
- Delivered annual business plans and summarized key business drivers for budgeting purposes
- Conducted sensitivity analyses to assess impact potential threats on the business, informing risk mitigation strategies
- India
Associate Consultant - Risk Advisory
EY
10.2013 - 01.2015
- Company Overview: India
- Designed, built and tested a range of life insurance and retirement products in Prophet, ensuring product viability and compliance
- Conducted end-to-end model testing, comparing system values with parallel spreadsheet model values, and analyzing change in key product metrics
- Analysed model inputs to ensure appropriateness of existing methodologies in Prophet, enhancing model accuracy
- Migrated various products into a single workspace to optimize model efficiency and improve runtime performance
- Prepared documentation and reports for ongoing projects and delivered a presentation on coding best practices to optimise efficiency
- India
Skills
- Financial Reporting
- Product Pricing
- Actuarial Model Development
- Experience Studies
- Risk Management
- Business Transformation
- Prophet Suite
- GGY-AXIS
- Microsoft Office
- Visual Basic Access
- Microsoft
- SQL
- Power BI
- Technical Skills
- Communication
- Business Acumen
- Stakeholder Management
- Project Management
- People Management
Timeline
Manager and Actuary - Global Actuarial Consulting Group
Munich Re
04.2022 - Current
Actuary - Pricing and Product Development
AIA Insurance
02.2019 - 12.2021
Senior Actuarial Analyst - Financial Reporting
AIA Insurance
05.2017 - 02.2019
Actuarial Analyst - Enterprise Risk Management
Kotak Life Insurance
01.2015 - 04.2017
Associate Consultant - Risk Advisory
EY
10.2013 - 01.2015
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