Sumit Ramani

CEO

Bengaluru, Karnataka, India19 yrs 3 mos experience
Most Likely To SwitchHighly Stable

Key Highlights

  • Expertise in InsurTech consulting for startups
  • Proven track record in actuarial science and risk management
  • Strong leadership as co-founder and CEO
Stackforce AI infers this person is a seasoned professional in the InsurTech and actuarial consulting space.

Contact

Skills

Core Skills

Actuarial ScienceInsuranceRisk ManagementProject ManagementBusiness Analysis

Other Skills

AnalyticsAssumptions reviewBusiness strategy refinementEconomic Value ManagementFreelancing servicesIT project managementInsurTech consultingInsurance consultingLife insurance pricingManagementModel validationPeer reviewPortfolio ManagementPricing engine designProcess review

About

Independent non-traditional consulting actuary | Co-founder ProtectMeWell

Experience

Protectmewell

Co-Founder & CEO

Aug 2020Present · 5 yrs 7 mos · Bengaluru, Karnataka, India

Protagion - active career management

Professional Mentor

Jan 2020Present · 6 yrs 2 mos

  • I help individuals in building a personal brand, starting on their own, and in qualifying as a professional

Fidentiax

Chief Actuary

Feb 2018Jun 2019 · 1 yr 4 mos · Singapore

  • Key responsibilities include
  • 1) designing the pricing engine for tradable insurance policies,
  • 2) refining business strategy and facilitating partnerships
  • 3) ensuring regulatory compliance

Actuaria consultants

Founder and Consulting Actuary

Oct 2017Present · 8 yrs 5 mos · Bangalore

  • Key services include
  • InsurTech consulting with a focus on Life and Health Insurance start-ups. The team brings immense value to InsurTechs because of its domain expertise and a solid understanding of technology. The access to senior stakeholders in the industry makes it easier for the start-ups to break into the industry.
  • Peer review of models, assumptions, data, processes and results. This includes review of (non)statutory submissions and independent validation of models by replicating the cashflows in spreadsheets.
  • Valuation of employee and retirement benefits as per accounting standards including AS 15, Ind AS 19, US GAAP and other International Accounting Standards. The key services include valuation of benefits like Gratuity, Leave Encashment, Long Service Awards, Post-Retirement Medical Benefit Schemes, ESOPs and Defined Benefits Valuation
  • Freelancing services for short-term, time critical and technically challenging projects. This can be done from the onsite or offshore location.
  • Insurance consulting with special focus on IT solutions for products and services company. This includes pre-sales, client interaction and business analysis.
  • More details here - http://actuaria.in
InsurTech consultingPeer reviewValuation of employee benefitsFreelancing servicesInsurance consultingActuarial Science+1

Swiss re

2 roles

Assistant Vice President - Risk Management

Nov 2014Oct 2017 · 2 yrs 11 mos · Bangalore

  • Part of second line of defense function for life and health business and carry out reviews with the aim to give the board confidence on the reserve numbers. Key responsibilities include
  • assumptions review
  • process review for calculation of reserves
  • reserving model validation (including IBNR models)
  • Economic Value Management (Swiss Re's variant of MCEV) reviews for variable annuities business. This includes reviewing movements in income statement and balance sheet quarter on quarter.
Pricing engine designBusiness strategy refinementRegulatory complianceActuarial ScienceRisk Management

Senior Corporate Actuarial Analyst - Risk Management

Jul 2013Oct 2014 · 1 yr 3 mos · Bangalore

  • Validated life and health reserving models used by Swiss Re across the globe by developing independent testing spreadsheets. The underlying products include income protection, participating products (both conventional and accumulating), annuity, traditional endowment and term.
Assumptions reviewProcess reviewReserving model validationEconomic Value ManagementRisk ManagementActuarial Science

Kotak life insurance

3 roles

Senior Manager - Actuarial

Mar 2011Jun 2013 · 2 yrs 3 mos · Mumbai Metropolitan Region

  • Priced life insurance products including term, traditional endowment (both participating and non-participating), unit-linked insurance products and annuity products.
Model validationSpreadsheet developmentActuarial Science

Senior Manager - Information Technology

Apr 2010Mar 2011 · 11 mos · Mumbai Metropolitan Region

  • Managed end to end IT projects including online sales platform for the company
Life insurance pricingActuarial Science

Business Analyst

Nov 2007Mar 2010 · 2 yrs 4 mos · Mumbai Metropolitan Region

  • Acted as a bridge between business and IT teams to develop solutions to business problems. The business problems spanned across various functions of the life insurance business
IT project managementProject Management

Interrait

MTS, Mobile Solutions

Aug 2006Oct 2007 · 1 yr 2 mos · Noida, Uttar Pradesh, India

  • Developed web-based applications for mobile devices
Business analysisBusiness Analysis

Education

Institute and Faculty of Actuaries

Fellow of Institute of Actuaries — Actuarial Science

Jan 2008Jan 2017

Dhirubhai Ambani University

B.Tech — ICT

Jan 2002Jan 2006

SSS-X, Bhilai

Jan 1998Jan 2000

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