Sristy Singhania, FIA

Bermuda

Overview

years of professional experience

Work History

Assistant Manager

Ernst & Young

11.2022 - Current

Prepared rate indication model for Worker’s Compensation Client and Frequency and Severity Model for Excess Casualty Client.
Provided audit support for insurance companies and self-insuring corporations to calculate IBNR loss, ALAE and ULAE reserves, both gross and net of reinsurance using various actuarial reserving methods.
Carried out pricing review for various clients.
Calculated reserves for ILS funds, performed sensitivity testing and also performed CAT benchmarking to evaluate the performance of the client as compared to the market
Developed actuarial memorandum for audit engagements stating the key assumptions, identifying any unusual results, presenting the final results to the client and other stakeholders as a result of the analysis performed and making comparison to the prior years’ findings along with industry trends.
Prepared Power BI dashboard for better visualization of claim experience and loss ratios.
Worked on Schedule P, NCCI Industry, WC EOL tool data for to review various companies’ performance and for research and development purposes.

Casualty Reinsurance Pricing Actuary (Secondment)

Conduit Re

12.2023 - 12.2023

Performed reinsurance pricing analysis for various Casualty QS and XOL deals using exposure and experience rating methodologies
Presented the results to the Underwriters and the Chief Actuary

Consultant Actuary

RSA

08.2021 - 11.2022

Portfolio manager of the Group Re business of the RSA Ins group
Contribute to the production of the quarterly calculations for RSA Group Re majorly involved in run-off liability, legacy business, Internal Risk Vehicle and Group Volatility cover
Carrying out the quarterly and annual review for the Group Re business and Group consolidation of the quarterly results of all the regions
Preparation of exhibits and presentations for the GAC Reserve Committee meetings for both Group and Group Re
Independent discussion with the Group Actuary and other key stakeholders and with Finance to ensure all the reserve numbers for Group and Group Re are made appropriately and aid in correction of any error
Provide support to the Capital modelling team for calculation of Payment pattern to be used in their internal model
Preparation of meeting minutes and circulating it to the wider group of stakeholders after the quarterly Reserve Committee meeting.

Corporate Actuary

Swiss Re

02.2020 - 08.2021

Contribute to the production of the quarterly calculations for the EMEA region using the standard actuarial methods
Carried out regular Actual vs Expected analysis for the assigned portfolios to check that the actual experience is in line with the expectations basis the chosen assumptions and understanding the drivers of any discrepancy
Had Independent discussions with the underwriters to understand any divergence from the expected claim and premium estimate as well as worked closely with the Claims and Finance teams as part of the quarterly reserving exercise
Prepared exhibits and presentations for presenting the quarterly results with for senior management, articulating technical information and its implications
Prepared a Power BI dashboard for better visualization of claim experience and loss ratios for a particular cedant.

Actuarial Analyst

Ersnt & Young

12.2018 - 02.2020

Provide audit support for insurance companies and self-insuring corporations to calculate IBNR loss, ALAE and ULAE reserves, both gross and net of reinsurance using various actuarial reserving methods
Worked on estimation of gross and net outstanding liabilities primarily for Workers' Compensation, Professional Liability, Medical Malpractice, General Liability, Auto Liability, Excess Casualty and Specialty lines of business
Engaged in developing Stochastic models and Sensitivity models for EMEA clients.

Pricing Intern

Xceedance Consulting Pvt.

05.2018 - 07.2018

Assisted in a live project- ‘Rate Impact Quantification’, in order to quantify the change in the rate resulting from change in any of the factors as provided in the ISO Manuals.
Built a pricing model as her internship project for different lines of businesses using ISO Manuals for the US P&C Market.

Skills

Regulations: US Statutory, GAAP Regulations, IFRS 17
Actuarial modeling: ARIUS, PERLS, ResQ
Pricing Model: HX
Visualization platform: Power BI
Data modelling: ARIUS, ResQ
Rating Software: Intsec: QuickSolver

Others

Training: Imparted training to new joiners in reserving concepts and techniques.
Awards: Received Bravo awards for providing high quality deliverables and showing agility
Interests: Travelling and painting.

Timeline