Nikhil Asnani, FSA, ACIA, CFA
Nikhil Asnani is a Consulting Actuary at Valani Global whose expertise includes implementation of actuarial and business modeling solutions using Moody’s/GGY’s AXIS actuarial software. Prior to joining Valani Global, Nikhil was an Assistant Vice President at Guardian Life Limited (Jamaica) where he led the actuarial team, carrying out a variety of roles including pricing and product development, valuation and financial reporting, in-force management, and administration of life insurance and annuity products.
Nikhil holds a Bachelor of Science (Hons.) degree in Actuarial Science from the University of the West Indies. He is a Fellow of the Society of Actuaries and also a Chartered Financial Analyst. He is an active member of the Caribbean Actuarial Association and was the Chairman of its Conference Planning Committee in 2018.
How did you begin your journey into actuarial science?
After leaving high school, I wasn't sure what I wanted to do for further studies until one of the lecturers at the University of the West Indies introduced me to actuarial science. I knew I was fond of math and problem-solving, so I decided to take an actuarial science major. And shortly after I started taking the professional exams. I enjoyed the content on those exams and I was passing them in fairly quick succession. And before I knew it, less than six years after being introduced to actuarial science, I qualified as a fellow of the Society of Actuaries. That was when I knew I was meant to be an actuary.
What led you to Actuarial modeling?
My passion for actuarial modeling started blooming when I was pricing life insurance during the first year of my career. I thoroughly enjoyed the exciting blend of art and science that led to a wide spectrum of potential outcomes. It's certainly a rewarding feeling when the results of my models can facilitate sound analysis and decision-making.
What's your background in AXIS?
I've been using AXIS for seven years now to address a variety of different business needs. I've worked with companies from startup operations to large multinational firms across North America and the Caribbean.
Why did you join Valani Global?
I joined Valani Global with the intention to further develop myself as a consummate actuary. It's amazing to be a part of a team of qualified, competent, and esteemed actuaries who pride themselves on giving back to the profession and establishing good professional relationships. At Valani Global, we're like a family, growing together and keeping each other's best interests at heart.
Why should clients hire Valani Global?
Throughout our careers, we continue to take on challenging projects of various sizes at an international level, and as a result, we've developed a diverse skillset. Our team-oriented spirit equips us to work closely with our clients to meet their expectations as best as possible.
What skillset do you bring to the Valani team?
As a former executive at an insurance company, I've developed a strong sense of accountability, time and people management skills, and the ability to collaborate effectively with other professionals to achieve shared goals.
How are you involved in the actuarial community?
Firstly, I'm a proud member of the Caribbean Actuarial Association. I was the chairman of its 2018 annual conference held in Kingston, Jamaica. In 2021, I was elected to the Society of Actuaries International Section Council for a three-year term. On a personal level, I enjoy tutoring and mentoring actuarial students in their professional pursuits.