Nancy Bennett Email & Phone Number

• Bennett Enterprises, LLC is a professional consulting firm providing advice about the insurance industry to insurance companies, Federal Home Loan Banks, investment managers, venture capitalists, and stock analysts in.
• Provides advisory services to senior management and Boards of Directors on establishing and improving ERM culture, the supporting analytical foundation and effectiveness of ERM efforts; assists insurers in becoming.
• Provides technical consulting advice related to capital management, variable annuity hedging, ALM, and other risk management areas;
• Assists banks making loans to insurers with the development of credit risk tools;
• Provides insight into regulatory developments affecting the US insurance industry, including solvency requirements and Federal regulation;
• Provides concise explanations and insight into insurance industry trends.

Volunteer position for the AAA, the public policy body for the actuarial profession. The LCAC analyzes issues related to life and annuity capital adequacy and recommends methods to improve life risk-based capital requirements. The LCAC provides technical advice to the NAIC on changes to the regulatory risk based capital formulas, including efforts to.

Volunteer position with the AAA; the Life Practice Council oversees the Academy's public policy work on life insurance issues.

As the Senior Life Fellow, I am responsible for helping communicate the Academy's message on life actuarial issues to the public and to public policy-makers. I interact directly with federal and state regulatory and legislative officials, other public policy and trade organizations, and the news media on life insurance topics. Recent projects include.

• Established a dedicated Enterprise Risk Management function, including a governance and decision framework and a formal process for embedding risk policies in the decision framework;
• Identified impact of financial, operational and strategic risks with Senior Business leaders, escalating issues to CEO and Executive team for resolution; Business units include Insurance, Asset Management, Financial.
• Established risk policies, including the articulation of risk appetite, metrics, and reports for different types of risk and by business unit. Reviewed risk reports created by various risk managers to assess overall.
• Responsible for communicating risk position to Executive Management, Board of Directors, Rating Agencies, regulators and other outside constituencies.

• Senior member of Treasury dept, responsible for mgt of interest rate, equity, and other market risks. Direct staff of 16.
• Built the hedging operation for variable annuity guarantees. Oversaw the execution of strategies, operations, systems, & financial reporting functions. Reviewed VA pricing methodology & new products. Served as Deriv.
• Implemented the MoSes financial modeling system, customized to support modeling exercises including economic capital, product pricing, ALM, strategic analysis. Integrated model into decision framework; maintained.
• Responsible for managing the interest rate risk for insurance companies, certificate companies, and the bank. Worked with Investment Department and product groups to refine investment or crediting strategies. Created.

Served as Chair of the Investment Actuary Symposium, sponsored by the Society of Actuaries for two years and also served on the Program Committee for the prior three years. Volunteer position. Symposium targets the actuarial and technical professional in the Insurance business with emphasis on risk management, investment strategy, and finance topics..

Led a consulting practice focused on financial management. Developed new client relationships, managed existing client relationships, and managed consulting projects, staff, and overall profitability of the profit center.

Responsible for starting the Midwest office, developing new client relationships with an emphasis on financial modeling, asset-liability management, and performance measurement. Brought in $1.8 Million revenue in first year. Managed consulting engagements and consulting staff.

• Responsible for building a centralized corporate actuarial department. Presented to the Company’s Board of Trustees, Executive Management, and rating agencies.
• Served as Department Head of Corporate Actuarial, managing a direct staff of five professionals, with indirect staff accountabilities with business unit actuaries.
• Served as the Company's Appointed Actuary.
• Responsible for overseeing the integration of the financial management functions among all Company’s divisions.
• Implemented and maintained the overall integrity of the Company's modeling system (PTS).
• Designed and implemented an ALM system based on transfer pricing concepts.

Mathematics, Economics

Fsa, Cera