Anand Prakash Email and Phone Number
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.
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Founder & Consulting ActuaryActedge Consultants May 2024 - PresentMumbai, Maharashtra, IndiaWe 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. -
Chief ActuaryChubb 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. -
Regional Head Of ActuarialAxa Apr 2019 - Sep 2022Kuala 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 -
Regional Head Of Life Pricing & ValuationAxa Apr 2018 - Mar 2019Kuala 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. -
Avp & Technical Expert - Life InsuranceAxa Nov 2015 - Mar 2018Hong 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 -
Vp & Head Pricing, Strategic Planning & Risk ReportingBharti Axa Life Insurance Sep 2012 - Jun 2016Mumbai- 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. -
Associate Vice PresidentPramerica Life Insurance Feb 2008 - Aug 2012New 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. -
Actuarial AnalystAviva Life Insurance Aug 2006 - Feb 2008New 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 -
Manager Actuarial ServicesMax Life Insurance Company Limited Jun 2004 - Aug 2006New 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
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Fellow (Fia) -
Institute Of Actuaries Of IndiaFellow (Fiai) -
Actuarial Society Of MalaysiaFellow (Fasm) -
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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.
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Anand Prakash
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Anand Prakash
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Anand Prakash
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Anand Prakash
Ceo & Founder At Farm For Full Potential Llp, Director At Gi4Qc Forum, Past President Iit Roorkee Aa, NoidaNoida2gmail.com, gmail.com
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