A diligent professional with 15+ years of experience in design, build and implementation of various capital and reserving projects including software implementation and regulatory transition for a diverse portfolio of property and casualty (P&C) (re)insurance companies.
Currently, working as a Senior Manager in RSA India, leading IFRS17 calculations and visualization implementation across various reserving workstreams. Responsible for solvency capital requirements regulatory filings under solvency II standard formula.
Before joining RSA, a Senior manager in AIG India, leading the build and implementation of capital models to produce financial and capital projections for the quarterly global stress testing process. Prior to AIG, a Consultant at Willis Towers Watson (WTW) with specialization in capital modeling and reserving. My role involved dealing with clients spread across the globe and traveling to the US, UK, and Asian countries on short-term assignments.
Overview
16
16
years of professional experience
4
4
years of post-secondary education
Work History
Senior Manager
RSA
Gurgaon
11.2018 - Current
Led user acceptance testing for IFRS17 calculation engine and successfully implemented one of the biggest change in insurance accounting history.
Collaborated with key stakeholders to design, build and implement a visualization dashboard in Qlik Sense to analyze IFRS17 results and produce reporting disclosures within a few hours on critical working day timetable.
Streamlined and converted various solvency capital requirement standard formula models used locally by different regional teams creating a single model to be used across regions for regulatory filings under solvency II.
Currently, leading the visualizations working group across various reserving workstreams to design, build and implement dashboards providing information, analysis and justification of results for all accounting bases.
Senior Manager
AIG
Gurgaon
09.2016 - 11.2018
Led design, build and implementation of the AIG Group capital model to produce financial and capital projections on US GAAP basis.
Collaborated with key stakeholders in Treasury to design, build and implement a dividend and capital-injection projection model to assess currency risk and produce dashboards by regional management view and legal ownership view.
Re-engineered RBC model (used for US entities), reducing the model run time and enhancing business user experience.
Maintained and updated the model documentation to accomplish governance and compliance objectives.
Consultant
Willis Towers Watson (Formerly EMB)
Gurgaon
11.2009 - 09.2016
Built generic library modules to implement Canadian insurance regulations to perform Dynamic Capital Adequacy Test which resulted in the sale of WTW Igloo software to (re)insurance clients in Canada.
Built Solvency II compliant account model for one of the world's leading global personal lines insurer. It required taking the outputs of all the sources of risks and creating a balance sheet, cash flow and income statement.
Documented reserving, underwriting and capital calculation models for two of the world's leading global commercial property and casualty (re)insurers for IMAP submission.
Carried out an ICA implementation for a middle-east, a European and a global property and casualty (re)insurer.
Developed reinsurance model for one of the world's leading global property and casualty (re)insurance group to help assess reinsurance purchase.
Carried out quarterly reserve review for Motor line of business for the UK and Japan-based Insurers and Commercial lines for London market syndicates
Senior Systems Engineer
Infosys
Mysore
08.2007 - 10.2009
Worked on client requests that included activities such as understanding PLM software change requirements, designing solution proposals, developing & delivering validated code.
Education
Bachelor of Engineering - Mechanical Engineering
Delhi College of Engineering (DCE)
Delhi, India
08.2003 - 06.2007
Skills
Capital Modeling – Using WTW Igloo
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Accomplishments
Awarded RSA GEM Annual Award for the team of the year in 2023 for successfully implementing IFRS17.
Awarded Asia-Pacific Quarterly achievement award by WTW in 2015 for leading the model development of Canada specific capital model, which resulted in the sale of WTW Igloo software to (re)insurance clients in Canada.
Timeline
Senior Manager
RSA
11.2018 - Current
Senior Manager
AIG
09.2016 - 11.2018
Consultant
Willis Towers Watson (Formerly EMB)
11.2009 - 09.2016
Senior Systems Engineer
Infosys
08.2007 - 10.2009
Bachelor of Engineering - Mechanical Engineering
Delhi College of Engineering (DCE)
08.2003 - 06.2007
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