Philip Clark

• Business Development: Building Azuria's brand, consulting proposition and services in the Retirement Income and Longevity space (Assumptions, Product Design, Longevity Risk, Pricing Models), with the objective to target the superannuation funds.
• Won Melville Prize at the 2024 Actuaries Summit for paper on Australian mortality trend (See publications) as a freelance longevity actuary.

• Experience investigations and value metrics on the ANZ Retail Life and TPD business.
• Performance analysis and advice on re-negotiation of reinsurance deals with major clients.
• Supported capital reporting updates under IFRS17.

• Managed team in charge of developing, reviewing and calibrating all best estimate longevity assumptions for c. 16b of liabilities, including base and trends of DB (Group), Retail standard and enhanced annuities;
• Initiated Data Analytics projects in R for experience investigations and selection effect.
• Supported pricing team for large transactions (Longevity swaps/Buy-outs) by advising on BEA, reviewing pricing models and reports;
• Supported longevity risk management and the calibration of the internal model;
• Carried out longevity research, analysis of longevity trends, including by cause of death and by socio-economic category in order to understand mortality trends (See ICA2023 Paper for example).
• Collaborated with key stakeholders in Canada (Group appointed actuary) and Ireland (Canada Life Re).

• Developed new assumptions for DB (Group) annuities including mortality improvements and marital assumptions. Marital assumptions were derived using an innovative approach based on non-homogeneous Markov processes;
• Supported the development of deferred annuities that allowed the business to expand into deferred DB annuities and close several buy-out deals.

• Development, implementation and calibration of the Economic Capital model - directly contributed to reducing external service costs by c. 250K per year;
• Reviews of various operations such as reinsurance transactions, pricing, asset management, solvency reporting and experience investigations;
• Various capital calculations for the ORSA (Solvency Projections, Standard Formula adequacy...), Capital efficiency and for the Reinsurance strategy.

Design, modelling and pricing of reinsurance deals for Life and Health business.

• Experience investivation (MLC)
• Capital reporting (Zurich Life)
• Value reporting (Munich Re)