FANews
FANews
RELATED CATEGORIES

Old Mutual Insure appoints Chief Actuary

19 October 2021 Old Mutual Insure
Ronald Richman, Chief Actuary at Old Mutual Insure

Ronald Richman, Chief Actuary at Old Mutual Insure

Old Mutual Insure (OM Insure) has appointed Ronald Richman to the position of Chief Actuary as of 1 September 2021.

“I am very excited to welcome Ronald to the OM Insure family. One month into his tenure and he is already playing a pivotal role in assisting us to enhance our Actuarial Control Function across the OM Insure brand and support our ambition of becoming our customers’ first choice,” says Garth Napier, MD at Old Mutual Insure.

Richman, who has extensive experience as an actuary and risk manager within the non-life and life insurance sectors, joins the OM Insure team from SA Taxi where he was the Managing Head of Insurance Actuarial. Previously, he was an Associate Director at QED Actuaries and Consultants, Africa’s largest independent actuarial consulting firm. There he was responsible for non-life and life insurance customers, researching the application of machine learning and Artificial Intelligence. Prior to this, he led the Enterprise Risk Management and Actuarial Functions for the AIG group across Africa.

He has published several award-winning papers on how modern machine and deep learning techniques can be applied to actuarial science modelling.

Richman 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, and a Masters of Philosophy in Actuarial Science, with distinction, from the University of Cape Town. He chairs the Actuarial Society of South Africa’s ERM committee and is a member of the International Actuarial Association’s ASTIN Board.

Quick Polls

QUESTION

The shocking crime and motor vehicle accident statistics shared during a recent SHA presentation suggests that group personal accident and personal accident cover are a no-brainer. Do you agree?

ANSWER

Yes
No
Not sure
fanews magazine
FAnews April 2024 Get the latest issue of FAnews

This month's headlines

FAIS Ombud lashes broker for multiple compliance blunders
TCF… a regulatory misfit initiative?
The impact of NHI on medical malpractice insurance
Fixed versus variable: can you have your cake and eat it too?
The future world of work
Subscribe now