Pratish Modi
VP, Actuarial Manager at Knighthead Annuity & Life Assurance Company- Claim this Profile
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English Native or bilingual proficiency
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Bio
Credentials
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Fellow of the Society of Actuaries (FSA)
Society of ActuariesDec, 2021- Nov, 2024
Experience
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Knighthead Annuity & Life Assurance Company
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Cayman Islands
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Insurance
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1 - 100 Employee
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VP, Actuarial Manager
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Jun 2023 - Present
Pricing and valuation of insurance and reinsurance transactions Pricing and valuation of insurance and reinsurance transactions
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Nassau Re (Cayman)
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Cayman Islands
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Reinsurance Actuary
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Apr 2022 - Present
FIA and MYGA reinsurance - pricing, valuation, financial planning, capital management, ERM FIA and MYGA reinsurance - pricing, valuation, financial planning, capital management, ERM
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Nassau Financial Group
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United States
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Insurance
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200 - 300 Employee
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Actuarial Student Development Program
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Jun 2019 - Mar 2022
Various roles: Asset Modelling: fixed and floating rate securities, assumption development (interest rates and yield curve, spreads, defaults), risk analysis Liability Modelling: Whole Life, Term, UL and VUL Product and Pricing: FIA, MYGA, Funding Agreements Various roles: Asset Modelling: fixed and floating rate securities, assumption development (interest rates and yield curve, spreads, defaults), risk analysis Liability Modelling: Whole Life, Term, UL and VUL Product and Pricing: FIA, MYGA, Funding Agreements
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MIB
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United States
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Insurance
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200 - 300 Employee
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Actuarial Analyst
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Mar 2017 - May 2019
Actuarial - Experience studies in mortality, lapse, and incidence for life insurance, disability insurance, annuities, long term care, and pension; Actuarial analysis using metrics such as A/E ratios, decrement rates, premium persistency, etc.; Product Development - Benchmarking; Predictive modelling and trend analysis; Project Management and Budgeting B2B Marketing and Sales Actuarial - Experience studies in mortality, lapse, and incidence for life insurance, disability insurance, annuities, long term care, and pension; Actuarial analysis using metrics such as A/E ratios, decrement rates, premium persistency, etc.; Product Development - Benchmarking; Predictive modelling and trend analysis; Project Management and Budgeting B2B Marketing and Sales
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University of Connecticut
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United States
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Higher Education
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700 & Above Employee
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Graduate Teaching Assistant
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Jan 2016 - Jan 2017
Led discussion classes of Pre-Calculus and Calculus-1 with 40-60 studentsSet quizzes and involved in grading
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Student Analyst
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Oct 2015 - Jan 2017
Project 1Connecticut Special Education Cost Sharing Program for Connecticut School Finance Project: Developed an actuarial financing structure with pricing and reserving components between the State and School Districts; established a consistent, predictable, equitable and incentivized funding strategy; developed in MS ExcelProject 2Universal Life Premium Persistency Study for a Life Insurance company: Created a working data frame in R by cleaning and merging raw data; carried out descriptive analysis using Pivot Tables in MS Excel; built a modified Generalized Linear Model in R to predict Premium Persistency for Universal Life Insurance policiesProject 3Expert Witness Project: Developed a model in MS Excel using Macros for sensitivity analysis of Life Settlement Values for a life insurance policy portfolio; generated impaired mortality tablesProject 4Retrospective Random Variable in Reserves: Guided and supervised an actuarial undergraduate to build a reserving model in MS Excel using Macros Show less
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Cigna Healthcare
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Hospitals and Health Care
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700 & Above Employee
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Actuarial Intern
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May 2016 - Aug 2016
Department: Reinsurance of Variable Annuities with Minimum Guarantees. Analysed exposure and probabilities (mortality, lapses, annuitizations, etc.) between two reserving models. Investigated time and frequency differences affecting death and annuity claims in MS Excel. Presented to senior management on findings and recommendations to the valuation process. Department: Reinsurance of Variable Annuities with Minimum Guarantees. Analysed exposure and probabilities (mortality, lapses, annuitizations, etc.) between two reserving models. Investigated time and frequency differences affecting death and annuity claims in MS Excel. Presented to senior management on findings and recommendations to the valuation process.
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tag8
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India
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Technology, Information and Internet
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1 - 100 Employee
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Internship
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Jan 2015 - Apr 2015
Strategy: Business-to-Business and Business-to-Consumer Market Research: Lost & Found, Pet, Luggage industry Product Development: Tag material and design, website design, logo design Collaboration: Managed a team of interns, facilitated collaboration with a German company Strategy: Business-to-Business and Business-to-Consumer Market Research: Lost & Found, Pet, Luggage industry Product Development: Tag material and design, website design, logo design Collaboration: Managed a team of interns, facilitated collaboration with a German company
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Education
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University of Connecticut
Master of Science (M.S.), Actuarial Science -
National Institute of Technology Karnataka
Bachelor of Technology (B.Tech.), Civil Engineering