17th October 2017, London: 4most, the global credit risk consultancy, today announces the appointment of Ramesh Indran as Head of Insurance. Ramesh joins 4most from Deloitte’s Actuarial & Advanced Analytics practice where he was a Senior Manager. He will be responsible for the company’s new Insurance Practice, and will lead the insurance credit risk, IFRS and Solvency II propositions.
Ramesh is an actuary with over 10 years of experience, working both in industry and consulting. At Deloitte, Ramesh worked extensively with two of the UK’s largest insurers and led actuarial teams to carry out large finance change programmes. This work includes Finance Transformation, Solvency II Internal Model Applications, and development of financial reporting methodologies. Prior to Deloitte, Ramesh spent four years at Aviva largely as their deterministic modelling technical lead and supporting various parts of Aviva’s Finance Transformation Programme.
4most specialises in credit risk analytics with a wide range of experience of delivering successful and cost-effective projects for its UK and international clients. With a number of impending regulatory deadlines, such as the new accounting standard IFRS9, financial institutions are facing a number of challenges to deliver required regulatory changes, in addition to core credit risk management.
Ramesh Indran, Head of Insurance at 4most, said: “Credit risk, be it spread or counterparty risk, is one of if not the largest market risk exposure for the insurer sector, especially for large Life insurers. Coupled with 4most’s vast IFRS experience, having implemented IFRS9 credit impairment models at 16 banks, I very much look forward to bringing 4most’s deep experience in credit risk to the insurance industry.”
Mark Sisson, CEO of 4most, said: “Ramesh’s experience, both in insurance consulting and industry, is a terrific addition to our team. The insurance industry has been evolving with Solvency II and is set to change again with IFRS 9 and 17. His appointment when combined with our existing credit and extensive IFRS knowledge creates a strong and unique insurance offering.”