Azmin (Jimmy) Daya
Principal & Executive Consultant at Jennings Consulting Ltd- Claim this Profile
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French Professional working proficiency
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Portuguese Limited working proficiency
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Spanish Elementary proficiency
Topline Score
Bio
Asheet Mathur, CPA, CA, PMP
It has been a pleasure working with Azmin. He provides the right mix of practical advise with a penchant for 'structure' and focus. As a business advisor, he has been instrumental in creating a momentum and energy. Thanks for all the input Azmin!
Mel D'Souza
Azmin worked for me for three months as an Expense Consultant. During those three months using his superb interpersonal, influencing and negotiating skills Azmin worked with numerous stakeholders at all levels of the organization. He developed a number of draft expense policies, recommended changes to cost centre management to optimize our cost structure and helped progress forward our unit costing activities. I unreservedly recommend Azmin knowing he adds value at every opportunity.
Asheet Mathur, CPA, CA, PMP
It has been a pleasure working with Azmin. He provides the right mix of practical advise with a penchant for 'structure' and focus. As a business advisor, he has been instrumental in creating a momentum and energy. Thanks for all the input Azmin!
Mel D'Souza
Azmin worked for me for three months as an Expense Consultant. During those three months using his superb interpersonal, influencing and negotiating skills Azmin worked with numerous stakeholders at all levels of the organization. He developed a number of draft expense policies, recommended changes to cost centre management to optimize our cost structure and helped progress forward our unit costing activities. I unreservedly recommend Azmin knowing he adds value at every opportunity.
Asheet Mathur, CPA, CA, PMP
It has been a pleasure working with Azmin. He provides the right mix of practical advise with a penchant for 'structure' and focus. As a business advisor, he has been instrumental in creating a momentum and energy. Thanks for all the input Azmin!
Mel D'Souza
Azmin worked for me for three months as an Expense Consultant. During those three months using his superb interpersonal, influencing and negotiating skills Azmin worked with numerous stakeholders at all levels of the organization. He developed a number of draft expense policies, recommended changes to cost centre management to optimize our cost structure and helped progress forward our unit costing activities. I unreservedly recommend Azmin knowing he adds value at every opportunity.
Asheet Mathur, CPA, CA, PMP
It has been a pleasure working with Azmin. He provides the right mix of practical advise with a penchant for 'structure' and focus. As a business advisor, he has been instrumental in creating a momentum and energy. Thanks for all the input Azmin!
Mel D'Souza
Azmin worked for me for three months as an Expense Consultant. During those three months using his superb interpersonal, influencing and negotiating skills Azmin worked with numerous stakeholders at all levels of the organization. He developed a number of draft expense policies, recommended changes to cost centre management to optimize our cost structure and helped progress forward our unit costing activities. I unreservedly recommend Azmin knowing he adds value at every opportunity.
Credentials
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Chartered Certified Accountant
ACCA -
Chartered Professional Accountant (CPA) / Certified Management Accountant (CMA), Canada
CPA Canada (Chartered Professional Accountants Canada)
Experience
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Jennings Consulting
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Bermuda
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Business Consulting and Services
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1 - 100 Employee
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Principal & Executive Consultant
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Mar 2021 - Present
Due Diligence Project Software acquisition advisory Process review and re-write arising from System Conversion Strategic Planning for entering new class of business Liaison between Insurtech's and clients needing services such as digital products, AI underwriting and actionable claims review Due Diligence Project Software acquisition advisory Process review and re-write arising from System Conversion Strategic Planning for entering new class of business Liaison between Insurtech's and clients needing services such as digital products, AI underwriting and actionable claims review
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Azmin Daya - Interim & Contractor Business Transformation Specialist
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Toronto, Canada Area
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Interim Head | Independent Contractor/ Consultant
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Apr 2010 - Present
As a specialist Interim Executive and Contractor, work with entities in the insurance sector to provide consulting advice on business transformations, providing project oversight, process review, re-engineering / improvement, strategic planning and execution. ◼ Assisted client to set up vision, mission, values, strategy / strategic goals to effectively measure excellence of strategy execution by establishing corporate, departmental and individual balanced scorecards ◼ Conducted commercial due diligence for confidential client on a USA based Insurtech, saving acquirer 20% from original offered price ◼ Aided establishment of insurance brokerage from scratch, creating innovative vision, strategy and KPI framework ◼ Boosted USA based trucking MGA / insurer broker client revenue by +500%, developing clear and powerful vision and action plans utilizing best-in-class strategy maps and balanced scorecards to execute strategies with excellence ◼ Provided project oversight of all business aspects in the implementation of a $5m online creditor life insurance system for mortgage brokers, leading to on-time and on-budget delivery of project ◼ Conducted strategic process review for not-for-profit BU, resulting in over 100 recommendations for improving efficiency, growth, system strengthening / automation, resource re-alignment and cost control improvements. ◼ Prepared P&C BU for acquisition at 1.6x times book value, overhauling processes, risk profile and IT systems ◼ Led a team for a TPA client (in the life and pension group benefit space) to respond to an RFP to provide back-end administration and claim services for group life insurance products. Worked closely with senior executives to crystallize people, process and technology gaps required to be filled. Helped lay-out a TOM. TPA was awarded the 9-figure RFP proposal. ◼ Aided Insurtech’s to provide clients with digital solutions for products, claims and UW. Show less
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First North American Insurance Co., a subsidiary of Manulife
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Toronto, Ontario, Canada
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Board Member
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Jan 2016 - Present
Independent Director Member, Audit Committee Member, Conduct Review Committee Independent Director Member, Audit Committee Member, Conduct Review Committee
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Nexia Health Technologies Inc
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Canada
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Software Development
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Board Member
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Jan 2016 - Jun 2020
Independent Member of the Board Chair - Audit Committee Independent Member of the Board Chair - Audit Committee
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SANAD Cooperative Insurance and Reinsurance JSC
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Saudi Arabia
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Insurance
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1 - 100 Employee
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Chief Executive Officer
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Mar 2008 - Mar 2010
As CEO, reporting to Board of Directors with oversight and management of new publicly traded start-up offering all insurance products, including health insurance and investments. Accountable for maintaining staffing, driving product development while interacting with regulators, lawyers, actuaries and accountants to ensure compliant and effective underwriting / claims oversight. Responsible for leading and managing team of 10 direct reports, with full P&L accountability, focusing on execution of forward-facing strategies. Key achievements include: ◼ Played integral role completing all facets of new company formation within 120 days. ◼ Launched +30 insurance products to market within 6 months, totaling $significant revenue growth. ◼ Evolved and grew start-up to $30m revenue producer within 12 months, that grew to $80m at end of 2nd year. ◼ Spearheaded automation vision, introducing e-medical, e-marine and e-auto business portals. Show less
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Lincoln General Insurance Company
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Insurance
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1 - 100 Employee
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Chief Operating Officer
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May 2007 - Mar 2008
As COO, reporting to CEO, responsible for providing effective oversight across all operational activities for $1bn sales entity while being accountable for managing and leading operations, underwriting, claims, marketing, finance, loss prevention, HR and actuarial areas. Directly supervised 8 direct reports that managed further 500 staff / reports, responsible for identifying areas of operational improvement potential while implementing cost reductions and strategic product pricing utilizing predictive modelling. Accountable for developing effective auditing processes to oversee brokers providing incoming business for underwriting. Key achievements include: ◼ Increased insurance rates by 25%+ and achieved profit uplift of $30M after bringing in pricing actuary. ◼ Mitigated $confidential-millions in potential losses from historic poor risk management by initiating and implementing best-in-class stringent pre-underwriting policies. ◼ Generated $20m annual cost savings, eliminating underperforming line of business. ◼ Saved $15m annually / continually employing aggressive cuts to claims adjustment expenses. Show less
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Relevant Earlier Career
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Various Locations
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Relevant Earlier Career
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Apr 1978 - Apr 2007
10/2004 – 04/2007: Kingsway General Insurance, Toronto, Canada: CFO 02/2004 – 07/2004: New York Life, New York: Senior Consultant 12/2000 – 01/2004: Canada Life, Rio de Janeiro Brazil: CEO 05/1997 – 03/1999: New Cap Reinsurance Company, Sydney, Australia: CEO 07/1982 – 12/1996: Great Lakes Reinsurance Company, Toronto, Canada: CFO, COO, SVP 04/1978 – 06/1982: Travelers Insurance Company, Brussels, Belgium: Chief Accountant 2016 - 2018 Advisory Board Member - Sons of Scotland, Toronto, Canada 2014 - 2018 Board Member - Winter Group Inc, San Diego, CA Show less
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Education
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1978 - 1980
Questrom School of Business, Boston University
Master of Science in Management (MSM), Management -
1974 - 1977
University of East London
CCA
Community
