Ronald Richman

Ronald Richman Email and Phone Number

Founder and CEO @ insureAI
Johannesburg, GP, ZA
Ronald Richman's Location
City of Johannesburg, Gauteng, South Africa, South Africa
Ronald Richman's Contact Details
About Ronald Richman

Ron is an experienced actuary and risk manager, and has recently founded insureAI, a new actuarial software and consulting firm. Before this, Ron was Chief Actuary at Old Mutual Insure, responsible for actuarial oversight of all P&C business within the Old Mutual Group. He has held several other senior roles, including Managing Head of Insurance Actuarial at SA Taxi and Associate Director at QED Actuaries and Consultants, Africa’s largest independent actuarial consulting firm, where he was responsible for client work on life and general insurance clients and performing research into applications of machine learning and AI to actuarial and insurance topics. Prior to these, he led the Enterprise Risk Management and Actuarial Functions for the AIG group within Africa. Ron combines deep technical and commercial expertise within the P&C and Life insurance sectors with a view of the cutting-edge possibilities enabled by modern machine and deep learning and has published several papers showing how these techniques can be applied. Ron is a Fellow of the Institute and Faculty of Actuaries (IFoA) and the Actuarial Society of South Africa (ASSA), holds practicing certificates in Short Term Insurance and Life Insurance from ASSA, the Chartered Property Casualty Underwriter (CPCU) designation and a Masters of Philosophy in Actuarial Science, with distinction, from the University of Cape Town. Ron chairs the Actuarial Society of South Africa’s Climate Change committee and is the chair of the ASTIN Board.

Ronald Richman's Current Company Details
insureAI

Insureai

View
Founder and CEO
Johannesburg, GP, ZA
Website:
insureai.co
Employees:
17
Ronald Richman Work Experience Details
  • Insureai
    Founder And Ceo
    Insureai
    Johannesburg, Gp, Za
  • Insureai
    Founder
    Insureai Nov 2024 - Present
  • International Actuarial Association
    Chair Of The Astin Board
    International Actuarial Association Sep 2024 - Present
    Ottawa, Ontario, Ca
  • International Actuarial Association
    Vice Chair And Member Of The Astin Board
    International Actuarial Association Jul 2023 - Sep 2024
    Ottawa, Ontario, Ca
  • International Actuarial Association
    Astin Board Member
    International Actuarial Association Jun 2021 - Jul 2023
    Ottawa, Ontario, Ca
  • Actuarial Society Of South Africa (Assa)
    Chair: Climate Change Practicing Area Committee
    Actuarial Society Of South Africa (Assa) Oct 2022 - Present
    Cape Town , Western Cape, Za
  • Actuarial Society Of South Africa (Assa)
    Chair: Enterprise Risk Management Committee
    Actuarial Society Of South Africa (Assa) Jan 2018 - Dec 2022
    Cape Town , Western Cape, Za
  • Old Mutual Insure
    Chief Actuary
    Old Mutual Insure Sep 2021 - Oct 2024
    Johannesburg, Gauteng, Za
    As Chief Actuary for Old Mutual Insure, I am accountable for the design, development and leadership of the actuarial assurance framework for all of Old Mutual’s non-life business in South Africa. I am the appointed actuary (HAF) for three entities: a large diversified non-life insurer, a cell-captive insurer and a monoline trade credit insurer. As part of this role, I have responsibility for OMI’s climate change program and the corporate, second-line assurance and internal modelling teams and provide oversight and assurance on all actuarial areas in the companies. Key responsibilities include:• IFRS 17 implementation across OMI , overseeing ongoing statutory valuations and capital modeling, and managing improvements to streamline and automate processes.• Enhancing OMI's risk management capabilities by updating internal models to current best practices, optimizing capital allocations, developing fixed income investment strategies, and establishing robust governance.• Providing rigorous second line assurance reviews across OMI companies and captive manager, focusing detailed analyses on priority areas like specialty lines pricing, reinsurance programs, and aggregate exposure concentrations.• Building OMI's capabilities in climate analytics through developing in-house CAT models, collaborating with vendors, and quantifying climate impacts in risk assessments and capital planning.• Supporting actuarial talent growth by creating apprenticeships, driving university partnerships, and promoting OMI's employer brand at industry events and conferences.• Applying the latest actuarial techniques including machine learning to improve pricing, reserving, and modeling across the value chain.
  • Old Mutual South Africa
    Head Of Actuarial Function, Property And Casualty
    Old Mutual South Africa Aug 2023 - Sep 2024
    Sandton, Gauteng, Za
    Second-line actuarial supervision and risk management for P&C business at Old Mutual, providing specialized expertise for the Group's P&C businesses in South Africa and Africa Regions.
  • Qed Actuaries & Consultants
    Associate Director, R&D & Special Projects
    Qed Actuaries & Consultants Jun 2019 - Apr 2021
    Sandton, Gauteng, Za
  • Institute And Faculty Of Actuaries
    Research And Thought Leadership Board - Member
    Institute And Faculty Of Actuaries Jan 2020 - Feb 2021
    London, London, Gb
  • Aig
    Chief Risk Officer, Africa
    Aig Oct 2018 - May 2019
    New York, Ny, Us
  • Aig
    Chief Actuary, South Africa
    Aig Jul 2015 - Oct 2018
    New York, Ny, Us
    Leading the Finance Actuarial team
  • Aig
    Actuary
    Aig Sep 2014 - Jun 2015
    New York, Ny, Us
    Finance Actuary
  • Aig
    Senior Risk Analyst
    Aig Sep 2012 - Aug 2014
    New York, Ny, Us
    Providing quantitative risk management and actuarial expertise to the SAM project at AIG SA.
  • Aig Sa Pension Fund
    Member Trustee, Board Of Trustees And Investment Committee
    Aig Sa Pension Fund Jan 2016 - May 2019
  • Deloitte South Africa
    Actuarial Analyst
    Deloitte South Africa Nov 2011 - Aug 2012
    Worldwide, Oo
    Analyst in the life team.
  • Migdal Group
    Actuarial Assistant
    Migdal Group Aug 2010 - Nov 2011
    Petach Tikva, ישראל, Il
    as part of Life/Health MCEV Team

Ronald Richman Skills

Actuarial Science Financial Risk Risk Management Vba Financial Modeling Solvency Ii Enterprise Risk Management Data Analysis Statistical Modeling Insurance Economic Capital Reinsurance General Insurance R Deep Learning Machine Learning Prophet Moses Actuarial Financial Analysis Valuation Life Insurance Analysis Alm Investments Financial Reporting Visual Basic For Applications Ai Excel Demography Management Pensions Finance Actuaries Loss Reserving Capital Management Insurance Risk Actuarial Consulting Property And Casualty Insurance Statistics Leadership Financial Services Python Python

Ronald Richman Education Details

  • University Of The Witwatersrand
    University Of The Witwatersrand
    Actuarial Science And Statistics
  • University Of Cape Town
    University Of Cape Town
    Actuarial Science
  • University Of The Witwatersrand
    University Of The Witwatersrand
    Actuarial Science
  • Institute Of Actuaries
    Institute Of Actuaries
    Fia Cera
  • Actuarial Society Of South Africa
    Actuarial Society Of South Africa
    Fassa
  • Udacity
    Udacity
    Deep Learning Nanodegree

Frequently Asked Questions about Ronald Richman

What company does Ronald Richman work for?

Ronald Richman works for Insureai

What is Ronald Richman's role at the current company?

Ronald Richman's current role is Founder and CEO.

What is Ronald Richman's email address?

Ronald Richman's email address is si****@****ail.com

What schools did Ronald Richman attend?

Ronald Richman attended University Of The Witwatersrand, University Of Cape Town, University Of The Witwatersrand, Institute Of Actuaries, Actuarial Society Of South Africa, Udacity.

What are some of Ronald Richman's interests?

Ronald Richman has interest in Poverty Alleviation, Economic Empowerment.

What skills is Ronald Richman known for?

Ronald Richman has skills like Actuarial Science, Financial Risk, Risk Management, Vba, Financial Modeling, Solvency Ii, Enterprise Risk Management, Data Analysis, Statistical Modeling, Insurance, Economic Capital, Reinsurance.

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