Steffin has more than 10 years’ actuarial experience covering valuation, reserve studies, capital modeling, balance sheet optimisation, IFRS17 implementation, product pricing and risk and governance.
He previously held the position of Head of Corporate Actuarial at a large South African direct insurer.
Relevant experience includes:
- Prior to joining, managed a team of 14 actuaries, chartered accountants, and data scientists, being responsible for both life and non-life capital, reserving, IFRS17, actuarial investments, reinsurance, and financial reporting.
- Developed and implemented a new capital regime (SAM, a Solvency II equivalent), a new industry-first Embedded Value methodology, and IFRS17 methods and processes.
- Formed part of a small group of Practicing Certificate Holders in South Africa, allowing sign off on statutory matters to the regulatory bodies (designation and responsibilities equivalent to BMA approved actuary).
- Has quickly become expertised in Bermuda regulatory requirements, the BSCR and Economic Balance Sheet opinions.