Azmin (Jimmy) Daya Email and Phone Number
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As a senior strategy and business transformation insurance consultant, I leverage extensive prior C-suite, consulting, and international experience to collaborate with leaders and others in client organizations. Drawing on my expertise in Life, P&C, Reinsurance, Insurance Broking, and TPA entities, I provide strategic guidance, drive improvements, oversee projects, and assist with integrations to deliver measurable results and added value for my clients. My approach prioritizes clear communication, stakeholder engagement, effective use of technology, efficient processes, and a focus on people to ensure successful execution of projects that fully align with corporate vision and objectives.When a Canadian reinsurance company required presence in UK market, as Project Lead and parent company CFO, I built a new team from market, focused on meeting local compliance and legal requirements and deployed an innovative business plan. I established new operational base, ensuring procedures and systems were fully aligned. Succeeded in establishing UK presence within 6 months that currently achieves ~€1bn annual revenue.When a confidential large American commercial insurance broker needed to optimize profitability, as Consultant, I aided SMT to undergo full strategic planning review. I established forward-facing well-defined vision, mission and value statements, incorporating growth strategies, tactical initiatives, personnel improvements and executed new strategy. Succeeded in transforming profitability and then collaborated to grow sales 5-fold and later gain business sale agreement with main competitor.When the largest TPA administrator of group insurance benefits in Canada wished to submit a response to a multi-billion-dollar RFP to administer group benefits for a large life insurer, I co-led the project with senior internal leads and outside consultants to understand the capabilities as well as the gaps that needed to be bridged. Prepared a summary of gaps and ways to address gaps as well as proposing a target operating model. TPA was successfully awarded the RFPKey Skills: Transformation & Turnaround Management Business Process Improvement Organizational Structure Reengineering P&L Growth Strategies Cost Control & Cost Optimization Business Start-Up Planning & Execution Strategy Planning & Implementation Business Integration International Business Development Due Diligence & Compliance System / Project Implementation & Oversight Vision, Mission & Goal Formation & Delivery Portfolio Digitization / Digital Transformations
Jennings Consulting Ltd
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Principal & Executive ConsultantJennings Consulting Ltd Mar 2021 - PresentToronto, Ontario, Canada Due Diligence Project Software acquisition advisory Process review and re-write arising from System Conversion Strategic Planning for entering new class of business Liaison between Insurtech's and clients needing services such as digital products, AI underwriting and actionable claims review -
Interim Head | Independent Contractor/ ConsultantAzmin Daya - Interim & Contractor Business Transformation Specialist Apr 2010 - PresentToronto, Canada AreaAs a specialist Interim Executive and Contractor, work with entities in the insurance sector to provide consulting advice on business transformations, providing project oversight, process review, re-engineering / improvement, strategic planning and execution. ◼ Assisted client to set up vision, mission, values, strategy / strategic goals to effectively measure excellence of strategy execution by establishing corporate, departmental and individual balanced scorecards◼ Conducted commercial due diligence for confidential client on a USA based Insurtech, saving acquirer 20% from original offered price◼ Aided establishment of insurance brokerage from scratch, creating innovative vision, strategy and KPI framework ◼ Boosted USA based trucking MGA / insurer broker client revenue by +500%, developing clear and powerful vision and action plans utilizing best-in-class strategy maps and balanced scorecards to execute strategies with excellence◼ Provided project oversight of all business aspects in the implementation of a $5m online creditor life insurance system for mortgage brokers, leading to on-time and on-budget delivery of project◼ Conducted strategic process review for not-for-profit BU, resulting in over 100 recommendations for improving efficiency, growth, system strengthening / automation, resource re-alignment and cost control improvements.◼ Prepared P&C BU for acquisition at 1.6x times book value, overhauling processes, risk profile and IT systems◼ Led a team for a TPA client (in the life and pension group benefit space) to respond to an RFP to provide back-end administration and claim services for group life insurance products. Worked closely with senior executives to crystallize people, process and technology gaps required to be filled. Helped lay-out a TOM. TPA was awarded the 9-figure RFP proposal. ◼ Aided Insurtech’s to provide clients with digital solutions for products, claims and UW.
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Board MemberFirst North American Insurance Co., A Subsidiary Of Manulife Jan 2016 - PresentToronto, Ontario, CanadaIndependent DirectorMember, Audit CommitteeMember, Conduct Review Committee
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Board MemberNexia Health Technologies Inc Jan 2016 - Jun 2020Toronto, Ontario, CanadaIndependent Member of the BoardChair - Audit Committee -
Chief Executive OfficerSanad Insurance & Reinsurance Co. Mar 2008 - Mar 2010Riyadh, Kingdom Of Saudi ArabiaAs CEO, reporting to Board of Directors with oversight and management of new publicly traded start-up offering all insurance products, including health insurance and investments. Accountable for maintaining staffing, driving product development while interacting with regulators, lawyers, actuaries and accountants to ensure compliant and effective underwriting / claims oversight. Responsible for leading and managing team of 10 direct reports, with full P&L accountability, focusing on execution of forward-facing strategies. Key achievements include: ◼ Played integral role completing all facets of new company formation within 120 days.◼ Launched +30 insurance products to market within 6 months, totaling $significant revenue growth.◼ Evolved and grew start-up to $30m revenue producer within 12 months, that grew to $80m at end of 2nd year.◼ Spearheaded automation vision, introducing e-medical, e-marine and e-auto business portals.
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Chief Operating OfficerLincoln General Insurance Company May 2007 - Mar 2008York, Pennsylvania AreaAs COO, reporting to CEO, responsible for providing effective oversight across all operational activities for $1bn sales entity while being accountable for managing and leading operations, underwriting, claims, marketing, finance, loss prevention, HR and actuarial areas. Directly supervised 8 direct reports that managed further 500 staff / reports, responsible for identifying areas of operational improvement potential while implementing cost reductions and strategic product pricing utilizing predictive modelling. Accountable for developing effective auditing processes to oversee brokers providing incoming business for underwriting. Key achievements include: ◼ Increased insurance rates by 25%+ and achieved profit uplift of $30M after bringing in pricing actuary.◼ Mitigated $confidential-millions in potential losses from historic poor risk management by initiating and implementing best-in-class stringent pre-underwriting policies.◼ Generated $20m annual cost savings, eliminating underperforming line of business.◼ Saved $15m annually / continually employing aggressive cuts to claims adjustment expenses. -
Relevant Earlier CareerRelevant Earlier Career Apr 1978 - Apr 2007Various Locations10/2004 – 04/2007: Kingsway General Insurance, Toronto, Canada: CFO02/2004 – 07/2004: New York Life, New York: Senior Consultant12/2000 – 01/2004: Canada Life, Rio de Janeiro Brazil: CEO05/1997 – 03/1999: New Cap Reinsurance Company, Sydney, Australia: CEO07/1982 – 12/1996: Great Lakes Reinsurance Company, Toronto, Canada: CFO, COO, SVP04/1978 – 06/1982: Travelers Insurance Company, Brussels, Belgium: Chief Accountant2016 - 2018 Advisory Board Member - Sons of Scotland, Toronto, Canada2014 - 2018 Board Member - Winter Group Inc, San Diego, CA
Azmin (Jimmy) Daya Skills
Azmin (Jimmy) Daya Education Details
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3.9 On A 4.0 Scale
Frequently Asked Questions about Azmin (Jimmy) Daya
What company does Azmin (Jimmy) Daya work for?
Azmin (Jimmy) Daya works for Jennings Consulting Ltd
What is Azmin (Jimmy) Daya's role at the current company?
Azmin (Jimmy) Daya's current role is Interim C-Level | Strategy Formulation & Execution | Business Transformation | Board Member | SME | International Experience | Leadership | Start-ups | Insurance | Operations | Project Oversight |.
What is Azmin (Jimmy) Daya's email address?
Azmin (Jimmy) Daya's email address is azmin.daya@jcl.bm
What is Azmin (Jimmy) Daya's direct phone number?
Azmin (Jimmy) Daya's direct phone number is +141652*****
What schools did Azmin (Jimmy) Daya attend?
Azmin (Jimmy) Daya attended Questrom School Of Business, Boston University, University Of East London.
What are some of Azmin (Jimmy) Daya's interests?
Azmin (Jimmy) Daya has interest in Poverty Alleviation, Children.
What skills is Azmin (Jimmy) Daya known for?
Azmin (Jimmy) Daya has skills like Start Ups, Management, Strategic Planning, Reinsurance, Business Planning, Business Strategy, Insurance, General Insurance, Management Consulting, Enterprise Risk Management, Property And Casualty Insurance, Process Improvement.
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