Debbie Kennedy, CEO of LifeSearch, Phil Zeidler, co-founder of DeadHappy, and Simon Sheldon, former head of transformation at Canada Life, have joined Tabei’s advisory board.
The trio have been appointed to support the growth of T+1, the life and health insurance consultancy’s actuarial projection model used for pricing, valuation and capital calculations which launched last week.
Kennedy (pictured) explains: “I’m delighted to be asked to join Tabei on their advisory board to support this exciting new development of T+1.
“Actuarial transformation is vital today for insurers and risk carriers.
“Adopting new technologies that enable faster processing, enhanced analytics and cost-effective modelling will truly empower the actuarial business functions. Tabei has created a model and tool that has the potential to shift the focus from data processing to bringing actuarial functions front and centre when it comes to innovation in risk modelling.”
Zeidler said: “Throughout my career I have endeavoured to facilitate change within all spheres of insurance, and my experience setting up DeadHappy left me more convinced than ever that the world of protection insurance needs radically modernising to deliver a more nimble and more responsive service using a broader range of data.
“The vision with T+1 to accelerate the pace of change and learning in the actuarial space is a core deliverable in pushing the industry forward.
“This combined with a talented and experienced team to drive the vision made joining the advisory board an easy decision. I am excited to see what we can achieve together.”
Sheldon said: “The decision to join the advisory board of Tabei to help bring T+1 to market was a simple one. They combine a deep technical understanding of the long-term protection market with the highest levels of determination and ability to transform it – for the good of consumers.
“Having spent almost my entire career driving a broad spectrum of transformation activity from reinsurance, retail and consulting perspectives and most recently through the sharply focussed lens of customer experience, I have witnessed many times over the perennial bugbears of our industry, namely rigid and sluggish data, systems and process.
“T+1 cuts to the heart of these issues with actuarial software developments that will bring much needed simplification and agility. I am delighted to be involved.”
John Crook-Davies, technical director at Tabei, said: “We’re thrilled to have Debbie, Phil and Simon on board.
“They bring with them a wealth of diverse experience that will be invaluable as we strive to deliver on our objective of modernising this crucial element of insurance business.
“Current actuarial technology has been around for a very long time and is well embedded, so we recognise that our ask to consider a different way of doing things, is a big one.
“But we believe this shift is inevitable, and it’s wonderful that our belief is validated by three talented and experienced leaders in our industry.”