Anand Prakash

Anand Prakash Email and Phone Number

Consulting Actuary I FIA l FIAI l FASM @ ActEdge Consultants
Anand Prakash's Location
Mumbai, Maharashtra, India, India
About Anand Prakash

Anand is a seasoned actuary with nearly 20+ years of experience in Asian markets, including 7 years at the regional level. He specializes in Financial Reporting (IFRS), Pricing & Product Development, Statutory Valuation, Strategic Planning, Embedded Value, Capital Management, and Risk Reporting. Anand excels in managing internal stakeholders, group management, and regulatory relationships. He has a proven track record of successfully leading large, complex projects across multi-disciplinary teams.

Anand Prakash's Current Company Details
ActEdge Consultants

Actedge Consultants

View
Consulting Actuary I FIA l FIAI l FASM
Anand Prakash Work Experience Details
  • Actedge Consultants
    Founder & Consulting Actuary
    Actedge Consultants May 2024 - Present
    Mumbai, Maharashtra, India
    We offer premier actuarial consulting services, leveraging our deep expertise in the insurance industry. Our goal is to empower insurance companies to make informed, calculated decisions through comprehensive quantitative analysis, precise financial projections, and valuable industry insightsWe specialize in the areas of:- Pricing & Product Development- International Financial Reporting Standards (IFRS17)- Enterprise Risk Management- Pension & Employee Benefits- Reinsurance- Capital Management- Risk Based Capital FrameworkFor further discussion, please reach out to us at info@actedgeconsultants.com or visit https://actedgeconsultants.com.
  • Chubb Life
    Chief Actuary
    Chubb Life Sep 2022 - Apr 2024
    - Ensure product development & pricing are in line with the standards & policies of the Company, Regulator & Shareholders - Ensure actuarial liabilities, solvency margin, & business plan are adequate and according to local financial reporting standards (MFRS) and US GAAP- Sign and certify actuarial balances in financial statements in accordance with regulations and those use for internal management purposes- Identify, measure, and report the financial & insurance risks to the Board and regulator in accordance with regulation- Ensure adequacy, management, and control of reinsurance program- Asset Liability Management & decision making on investment strategies- Establish processes for experience studies and utilization of actuarial assumption for product pricing, valuation, and projections.- Establish/improve control & governance for various actuarial functions- Involved in design of distribution compensation scheme and build the model to measure the success.
  • Axa
    Regional Head Of Actuarial
    Axa Apr 2019 - Sep 2022
    Kuala Lumpur, Malaysia
    - Heading Regional Actuarial comprising of Life, Modelling & GI teams- Deliver actuarial projects for AXA entities in Asia i.e., Hong Kong, Thailand, Philippines, Indonesia, Singapore & Malaysia- Drive projects on financial reporting based on IFRS4, AIFRS and IFRS17- Assisted AXA HK in their strategic planning exercise.- Producing and reviewing the Pricing Reports for AXA entities- Providing risk management second opinion on Pricing Reports for entities- Worked on Bonus Supportability Study for AXA Thailand- Prepared ICAAP (Regulatory Capital Adequacy) for AXA Malaysia- Ensure consistent application of Group Standards & support regional initiatives.- Develop & maintain constructive relationship with internal/external stakeholders, mainly Chief Actuaries & CFOs- Drive efficiency, improving processes & quality of deliverables.- Manage the Cost Centre, P&L, and resources of the Actuarial Team-Train & develop capability and capacity of the team
  • Axa
    Regional Head Of Life Pricing & Valuation
    Axa Apr 2018 - Mar 2019
    Kuala Lumpur, Malaysia
    - Heading Regional Life Pricing & Valuation Team- Drive projects on financial reporting based on IFRS4, AIFRS and IFRS17- Headed financial reporting team for AXA Indonesia- Producing and reviewing the Pricing Reports for AXA entities- Providing risk management second opinion on Pricing Reports for entities- Worked on Bonus Supportability Study for AXA Thailand- Prepared ICAAP (Regulatory Capital Adequacy) for AXA Malaysia- Drive efficiency, improving processes & quality of deliverables.
  • Axa
    Avp & Technical Expert - Life Insurance
    Axa Nov 2015 - Mar 2018
    Hong Kong & India
    - Head of Regional life financial reporting team- Liaise with Asian entities on all aspects of AIFRS reporting- Review, provide feedback and prepare business commentaries on AIFRS earnings and other management KPIs (i.e., NBV, APE, GWP) for the region.- Lead regional and group clearance calls with regional management (Hong Kong) and Group office (France)- Worked on various regional project such as: o Transition life financial reporting team from HK to India o Project to mitigate the volatility of earnings in Asian entities o Project to standardize expense methodology across the region o Project to standardize APE reporting across the region
  • Bharti Axa Life Insurance
    Vp & Head Pricing, Strategic Planning & Risk Reporting
    Bharti Axa Life Insurance Sep 2012 - Jun 2016
    Mumbai
    - Heading the Pricing & Strategic Planning team consisting of 10+ actuaries - Managed project to migrate from standard Prophet to Regional Centralized Modelling Platform (CAMP)- Submission of Risk Appetite Framework, ALM report, Strategic Asset Allocation to the regional teams- Managed Group submissions and clearances related to Annual Assumption Review & Annual Product Review- Assisted finance teams with local & regional submission of annual planning exercise- Regular updates and reporting of Actuarial Risk Register- Led the value reporting team and group clearances.- Reinsurance Administration including treaty & addendum, new product proposition.
  • Pramerica Life Insurance
    Associate Vice President
    Pramerica Life Insurance Feb 2008 - Aug 2012
    New Delhi Area, India
    - Founder member; led a 10-member actuarial team, reporting to Chief Actuary- Lead technical pricing team for all line of business - Lead all aspects of product development process including Regulatory & Group filing, approvals of products, policy wordings, product set-up, Benefit Illustrations System- Lead the Product Re-Pricing Project in 2010- Reinsurance Administration including treaty & addendum, new product ideas - Member of Development Council to promote capability building in the company- Transversal Projects: New rural proprietary channel, Branch Visits etc.
  • Aviva Life Insurance
    Actuarial Analyst
    Aviva Life Insurance Aug 2006 - Feb 2008
    New Delhi Area, India
    - EEV & MCEV reporting as per regional guidelines- Assisted in developing EEV reporting model for Eagle Insurance (Sri Lanka)- Conducted EEV training for Eagle team in Colombo, Sri Lanka- Undertook the project of MCEV framework Implementation in Aviva India in 2007- Worked on actuarial evaluation of strategic deals for tie-up with distribution partners- Imparted trainings to Modelling team to develop in house capability in Prophet
  • Max Life Insurance Company Limited
    Manager Actuarial Services
    Max Life Insurance Company Limited Jun 2004 - Aug 2006
    New Delhi Area, India
    - Monthly statutory valuation for traditional, Unit linked and Group business- Set-up new products for valuation in Prophet and PTS- Regulatory and Financial Reporting- Movement Analysis, Policy data validation and resolution of data issues- Periodically Conducted a profitability investigation on the company's portfolio of current year's business

Anand Prakash Education Details

Frequently Asked Questions about Anand Prakash

What company does Anand Prakash work for?

Anand Prakash works for Actedge Consultants

What is Anand Prakash's role at the current company?

Anand Prakash's current role is Consulting Actuary I FIA l FIAI l FASM.

What schools did Anand Prakash attend?

Anand Prakash attended Institute And Faculty Of Actuaries, Institute Of Actuaries Of India, Actuarial Society Of Malaysia, Delhi University, Modern School.

Not the Anand Prakash you were looking for?

Free Chrome Extension

Find emails, phones & company data instantly

Find verified emails from LinkedIn profiles
Get direct phone numbers & mobile contacts
Access company data & employee information
Works directly on LinkedIn - no copy/paste needed
Get Chrome Extension - Free

Aero Online

Your AI prospecting assistant

Download 750 million emails and 100 million phone numbers

Access emails and phone numbers of over 750 million business users. Instantly download verified profiles using 20+ filters, including location, job title, company, function, and industry.