Nikhil Asnani, FSA, 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?
When leaving high school, I wasn’t sure about which field I should pursue for undergraduate studies, until one of the lecturers at the University of the West Indies introduced me to actuarial science. Since I knew I was fond of math and problem-solving, I then decided to pursue an actuarial science major and shortly after, started taking the professional exams, which I enjoyed and was passing in quick succession. Less than 6 years after being introduced to actuarial science, I qualified as a Fellow of the Society of Actuaries, at the young age of 23. This was when I knew that I was meant to be an actuary.
What led you to Actuarial modeling?
My passion for actuarial modeling started blooming when I was involved in pricing term and variable universal life insurance products during the first year of my career. I thoroughly enjoyed the exciting blend of art and science inherent in the pricing exercise, given that there were a variety of assumptions and parameters to consider when designing the products, and the wide spectrum of potential outcomes really stretched my imagination. It is certainly a rewarding feeling when my models produce results that can facilitate sound analysis and decision-making.
What's your background in AXIS?
I’ve been using AXIS for 6 years, and I’ve yet to come across a problem that it hasn’t been able to solve.. AXIS is one of the most powerful, flexible actuarial modeling software out there, designed to provide a variety of global actuarial solutions.
Why did you join Valani Global?
I joined Valani Global with the intention to further myself as a consummate actuary, by being part of a team of qualified, competent and esteemed actuaries who pride themselves on developing good professional relationships and giving back to the profession. At Valani Global, we are like a family growing together, always putting each other’s best interests at heart.
Why should clients hire Valani Global?
Clients should hire us for our robust and diverse experience, as well as our team-oriented spirit. During our careers, we have undertaken several challenging projects of various sizes at an international level, and have therefore developed a diverse skillset. We work closely with our clients, both in-house and remotely, to meet their needs and expectations as best as possible, and at a very affordable cost.
What skillset do you bring to the Valani team?
In the Caribbean, where I have spent 6 years working in the actuarial field, the financial markets and economies have unique challenges that require innovative solutions. As a former executive at an insurance company, I have developed a strong sense of accountability, time and people management skills, and the ability to collaborate with other professionals to effectively achieve shared goals.
How are you involved in the actuarial community?
I am a proud member of the Caribbean Actuarial Association. I was the Chairman of its 2018 Annual Conference held in Kingston, Jamaica, which was successfully executed and managed to attract the largest in-person attendance to date. As a result of my relatively fast qualification as an actuary, I have also been frequently sought as a mentor to aspiring actuaries, and continue to provide guidance to many students at the University of the West Indies in their pursuits of becoming actuaries.