T+1 today has appointed Stuart Tragheim, ex-CEO of Holloway Friendly, to its advisory board.
Tragheim (pictured) joins Debbie Kennedy, CEO of LifeSearch and Phil Zeidler, co-founder of DeadHappy, on the actuarial projection model’s board.
He left Holloway Friendly last year.
Tragheim said: “In times where CEOs of protection and annuity product providers are being challenged by ever increasing regulatory, audit and distribution costs, it is refreshing to be working with a business that has identified an often overlooked area of operational inefficiency, that once addressed unlocks not only significant cost savings but wider opportunities for innovation and change.
“Those of us who have been in this sector for a while will recognise that legacy actuarial software often presents slow processing speeds, poor usability and high costs, and this causes immense frustration for CEOs, CFOs, chief actuaries and heads of proposition, in equal measure.”
Tragheim maintained that T+1 understands how to address these frustrations and has built a solution that is “disrupting the status quo”.
“The platform enhances pricing, valuation and capital calculation capability, whilst saving significant costs for providers,” Tragheim continued.
“What’s more, it can be easily integrated into existing systems and processes and has rapid migration capability, thereby tackling the usual concerns, based on historic experience, about model migration.
“I’m delighted to have joined the T+1 advisory board and look forward to helping the team roll out this state-of-the-art solution to the wider protection market.”
Katie Crook-Davies, co-founder and managing director of T+1, added: “We’re pleased to welcome Stuart to the team, especially at this point in our journey.
“The last 12 months have involved much learning which has informed a refined focus on the problems we’re trying to solve and who we’re trying to solve them for.
“Stuart’s decades of protection leadership experience will be invaluable as we implement the next phase of our journey, reaching new audiences with a broadened proposition.”