SOA Webinars
Improving, Automating, and Optimizing Actuarial Processes
Computer processing power has improved exponentially over the last few decades. So why haven’t these improvements translated to shorter monthly and quarterly close cycles? Convoluted processes resulting from legacy and manual processes along with complex data mapping requires days, if not weeks, of preparation to report financial results. Much of this time is spent on activities like fixing errors and tweaking processes rather than on analyzing results and transforming outputs into meaningful, forward-looking insights. Imagine a world of on-demand results - what would you do with all that information and available resource time? This session will introduce the audience to data and process issues facing insurers and provide insights to overcoming them through process optimization and automation. The presenters will also walk through solutions available in the market and real-life case studies related to automation and process improvement.
Ramandeep Nagi FSA,FCIA,MAAA (Moderator)
Senior Consultant; Oliver Wyman
Ramandeep is a Senior Consultant with the Actuarial Practice of Oliver Wyman. Ramandeep's industry experience includes M&A due diligence, model validation, ALM modeling, life and health reporting, pricing and capital management. He graduated from the University of Waterloo and Wilfrid Laurier University with a Bachelor of Mathematics and a Bachelor of Business Administration. His recent projects include Bermuda capital modeling, implementing model compression and building a robust data warehouse.
Benjamin Carl Farnsworth FSA,MAAA,CERA,CFA
KPMG LLP
Ben Farnsworth is a director in KPMG’s Actuarial and Insurance Risk practice with over 15 years of insurance industry experience, and a strong background in actuarial modeling and process re-design. He has worked on variety of actuarial and finance transformation initiatives to enhance company models and the supporting infrastructure. Ben is a graduate of Alfred University with Bachelor of Art in Mathematics and Economics. He is also a Fellow of the Society of Actuaries, a CFA charterholder, a Member of the American Academy of Actuaries, and a Chartered Enterprise Risk Analyst.
Eric John Forfa FSA,MAAA
Consultant; Oliver Wyman
Eric Forfa is a Consultant with the Actuarial Practice of Oliver Wyman and is based in Charlotte. He has over 10 years of experience working in the life and annuity industry. His areas of focus are life insurance and annuity pricing, risk management, and financial reporting. Eric joined Oliver Wyman in 2019. Prior to joining, he led the statutory risk-based capital reporting and forecasting function at MassMutual. He also held several other roles in different areas of MassMutual, including product pricing oversight, annuity product management, financial reporting, and valuation.He is a Fellow of the Society of Actuaries and a Member of the American Academy of Actuaries.
John Johansen
Managing Director; KPMG US
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Webcast Session
08/31/2020 at 1:45 PM (EDT) | Recorded On: 09/10/2020
08/31/2020 at 1:45 PM (EDT) | Recorded On: 09/10/2020