Who was paying attention?
I currently work remotely a few miles from this "city of champions."
What is Boston?
This product line involves selling life policies to a block of employees from a given company.
What is group insurance?
This risk on an annuities or retirement block represents the chance that policyholders will outlive their anticipated lifespan, causing the company to experience a potential loss.
What is longevity risk?
This FMTD member does not like chocolate.
Who is Kim Clark?
This is the general name for the actuarial function that sets rates for products and secures deals for the firm.
What is Pricing?
This is the main focus of my current methodology project, which aims to analyze inforce blocks of business through a pricing lens to consider strategic reinsurance and other solutions.
What is Embedded Value (EV)?
This block of business serves as a "natural hedge" to annuity products.
What is Individual Life Insurance (or group insurance)?
This is the risk that participants will retrieve their benefits faster than anticipated or at higher amounts than assumed.
What is withdrawal risk?
This FMTD associate owns over 75 handbags.
Who is Sayeda Jahan?
This actuarial function manages the actuarial balances of inforce blocks and ensures that the company complies with various regulations.
What is valuation?
This ALDP advisor is the VP and leads our team. He was an intern for finance before transferring to AIP and subsequently ALDP.
Who is Piyush Bansal?
Under the Retirement wing, this is Prudential's largest product, which involves buying out pension plans from companies and managing assets to fund future plan benefits.
What is Pension Risk Transfer?
This general class of risks is vital to the profitability of Pru products and encompasses all risks related to how our clients actions with respect to their policies may deviate from expectations.
What is policyholder behavior risk?
This FMTD member was married by an Elvis Impersonator.
Who is Jacky Gutierrez?
This team performs experience studies on relevant inputs into various models across the organization such as mortality, expenses, and policyholder behavior.
What is assumptions?
This is the official name of my current team, which supports annual economic experience studies and other corporate initiatives.
What is Enterprise Strategy, Methodology, & Assumptions?
This business function was recently created in the past two months. To be lead by Nandini Mongia, this team will work on strategic reinsurance and other balance sheet management worksteams like PRISMIC.
What is Open-Architecture Solutions?
This risk quantifies the amount of loss the company could face if our actual costs for issuing and managing business are higher than anticipated.
What is expense risk?
This FMTD member has solo traveled numerous times in Europe & Asia and as a result, acts as a free and involuntary travel agent for her friends.
Who is Urvashi?
Many actuarial teams rely on this finance-centric function to provide various inputs to our models and tools that relate to asset and liability market performance.
What is the Chief Investment Office (CIO) [investments also acceptable]?
In addition to annual economic assumption updates, my team supports this type of project, where we analyze the profitability of blocks of business and consider various strategic and reinsurance options.
What is balance sheet management?
This smaller retirement product involves insuring the spread between the market value and a credited book value of a particular retirement account, which is typically used when plan participants are nearing retirement.
What is stable value wrap?
This risk can be higher than 100% in some cases and represent the risk of the policyholders taking advantage of guarantees on their policies.
What is utilization risk?
This FMTD member at one point had 6 family members working at Pru.
Who is Kristin Brochu?
This corporate actuarial function performs project-based checks on various business units and their key workstreams, ensuring that the work was done correctly, documented properly, and controls are in place.
What is internal audit?