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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.
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Founder And CeoInsureaiJohannesburg, Gp, Za -
FounderInsureai Nov 2024 - Present -
Chair Of The Astin BoardInternational Actuarial Association Sep 2024 - PresentOttawa, Ontario, Ca -
Vice Chair And Member Of The Astin BoardInternational Actuarial Association Jul 2023 - Sep 2024Ottawa, Ontario, Ca -
Astin Board MemberInternational Actuarial Association Jun 2021 - Jul 2023Ottawa, Ontario, Ca -
Chair: Climate Change Practicing Area CommitteeActuarial Society Of South Africa (Assa) Oct 2022 - PresentCape Town , Western Cape, Za -
Chair: Enterprise Risk Management CommitteeActuarial Society Of South Africa (Assa) Jan 2018 - Dec 2022Cape Town , Western Cape, Za -
Chief ActuaryOld Mutual Insure Sep 2021 - Oct 2024Johannesburg, Gauteng, ZaAs 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. -
Head Of Actuarial Function, Property And CasualtyOld Mutual South Africa Aug 2023 - Sep 2024Sandton, Gauteng, ZaSecond-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. -
Associate Director, R&D & Special ProjectsQed Actuaries & Consultants Jun 2019 - Apr 2021Sandton, Gauteng, Za -
Research And Thought Leadership Board - MemberInstitute And Faculty Of Actuaries Jan 2020 - Feb 2021London, London, Gb -
Chief Risk Officer, AfricaAig Oct 2018 - May 2019New York, Ny, Us -
Chief Actuary, South AfricaAig Jul 2015 - Oct 2018New York, Ny, UsLeading the Finance Actuarial team -
ActuaryAig Sep 2014 - Jun 2015New York, Ny, UsFinance Actuary -
Senior Risk AnalystAig Sep 2012 - Aug 2014New York, Ny, UsProviding quantitative risk management and actuarial expertise to the SAM project at AIG SA. -
Member Trustee, Board Of Trustees And Investment CommitteeAig Sa Pension Fund Jan 2016 - May 2019
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Actuarial AnalystDeloitte South Africa Nov 2011 - Aug 2012Worldwide, OoAnalyst in the life team. -
Actuarial AssistantMigdal Group Aug 2010 - Nov 2011Petach Tikva, ישראל, Ilas part of Life/Health MCEV Team
Ronald Richman Skills
Ronald Richman Education Details
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University Of The WitwatersrandActuarial Science And Statistics -
University Of Cape TownActuarial Science -
University Of The WitwatersrandActuarial Science -
Institute Of ActuariesFia Cera -
Actuarial Society Of South AfricaFassa -
UdacityDeep 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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