Michael Storozhev

Chief Underwriting Officer at PassportCard Australia
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Contact Information
us****@****om
(386) 825-5501
Location
North Sydney, New South Wales, Australia, AU
Languages
  • English -
  • Russian -

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Bio

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Credentials

  • FIAA
    Fellow of the Institute of Actuaries of Australia (FIAA)
    May, 2015
    - Oct, 2024
  • CERA (Chartered Enterprise Risk Actuary)
    Fellow of the Institute of Actuaries of Australia (FIAA)
    Dec, 2014
    - Oct, 2024

Experience

    • Australia
    • Insurance
    • 1 - 100 Employee
    • Chief Underwriting Officer
      • Mar 2023 - Present

      Bringing a customer centric lens to travel insurance, I lead the underwriting, actuarial and pricing teams as well as driving our innovation agenda in travel insurance. Bringing a customer centric lens to travel insurance, I lead the underwriting, actuarial and pricing teams as well as driving our innovation agenda in travel insurance.

    • Australia
    • Education Administration Programs
    • 1 - 100 Employee
    • Data Analytics Practice Committee Member
      • Jan 2017 - Present

      Part of the Institute's advisory body on Data Science and Analytics. Involved for leading and contributing to strategic initiatives to showcase value actuaries bring to data science roles, contributing to new syllabus writing, creating a community and organising events.Co-authored award winning papers on anti-discrimination for insurance pricing, and it's impact on frameworks for algorithmic decision making.

    • Convenor - Young Data Analytics Working Group
      • Nov 2017 - Nov 2019

      Lead the yDAWG for the Actuaries Institute of Australia - a group of high caliber actuaries passionate about growing the value of the Actuary in the Date Science world.Supporting the Institute Strategy through the Brand, Capability and Community focus

    • Insurance
    • 300 - 400 Employee
    • General Manager, Strategic Underwriting AUNZ & Head of Global Insurance Products and Underwriting
      • Nov 2021 - Mar 2023

      I lead the underwriting, policy, actuarial, and system implementation teams across multiple markets. Driven to product product strategies and development, as well as selecting and sourcing underwriting capacity for multiple opportunities. Lead regulatory responses for VEOHRC mental health anti-discrimination review, customer value pricing frameworks, and pricing promises, resulting in only company not “named and shamed” for discriminatory exclusions.I blend front line and governance functions, through writing and executing global underwriting guidelines for self-underwritten products and signoffs. Show less

    • Head of Underwriting - Asia
      • Dec 2019 - Dec 2021

      Actuarial and Underwriting leader with responsibility for data-centric pricing innovation, analytics, market entry, product launch and strategic growth. Building portfolio monitoring and pricing solutions to deliver insight driven outcomes. Evolving our technical capabilities in Cover-More’s growing Asian markets to build data science maturity in cross-functional teams to inject market leading propositions and rating sophistication.

    • Senior Underwriter
      • Jul 2016 - Dec 2019

      Actuarial partner with responsibility for product development and strategic pricing in Australia, APAC, and key opportunity in markets worldwide. Launching market first cancel for any reason products with revenues of more than $20m in 12months

    • Australia
    • Insurance
    • 1 - 100 Employee
    • Head of Insurance and Underwriting
      • Dec 2019 - Mar 2023

      Underwriting and Actuarial Lead for InsurTech venture, building customer-centric travel insurance in US, Australia and Europe. Rethinking pricing and underwriting based on richer customer data and AI-powered automation Underwriting and Actuarial Lead for InsurTech venture, building customer-centric travel insurance in US, Australia and Europe. Rethinking pricing and underwriting based on richer customer data and AI-powered automation

    • Australia
    • Financial Services
    • 700 & Above Employee
    • Actuarial Analyst, Pricing and Analytics
      • May 2014 - Aug 2015

      Focused on building insurer’s technical pricing capabilities including developing pricing models for technical cost of personal lines portfolios, supplemented with external and internal enterprise data. Member of Executive Pricing Committee providing support for strategic decisions and price changes Focused on building insurer’s technical pricing capabilities including developing pricing models for technical cost of personal lines portfolios, supplemented with external and internal enterprise data. Member of Executive Pricing Committee providing support for strategic decisions and price changes

    • Australia
    • Insurance
    • 700 & Above Employee
    • Actuarial & Personal Lines Pricing
      • Sep 2010 - May 2014

      Wide range of actuarial roles in reserving, pricing and capital management. Focus for both Group consolidation and work with individual lines of business, including Workers Compensation and Personal Lines Pricing Wide range of actuarial roles in reserving, pricing and capital management. Focus for both Group consolidation and work with individual lines of business, including Workers Compensation and Personal Lines Pricing

    • Electorate Officer
      • Apr 2007 - Sep 2010

Education

  • Institute of Actuaries of Australia
    Fellow
    2015 - 2015
  • Curtin University
    Bachelor’s Degree, Science (Actuarial Science)
    2007 - 2010

Community

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