Jessica Newman

Jessica has worked in the life insurance industry since 2003. Jessica began her career in reinsurance working on pricing and valuation of individual reinsurance products including life, longevity, critical illness, disability, and long-term care. Since 2015, Jessica has worked as an AXIS modeling consultant, executing on projects involving model conversions, model developments, model design best practices, peer reviews, pricing and financial reporting.

Some of her accomplishments include:

• Designing and building AXIS models for traditional life, critical illness, disability, long-term care, universal life, annuity, and reinsurance products.
• Converting actuarial models from legacy systems onto AXIS for regular life, disability, universal life, and par products.
• Implementing model enhancements and new functionality into existing AXIS models to support new products, assumptions, and new regulations.
• Conducting thorough peer reviews of actuarial pricing and valuation models to ensure the models accurately reflect the intended set-up, product features, assumptions, and calculations. This includes a recent formal peer review of the LDTI implementation for a mid-sized US insurer.
• Developing ELink scripts, AXIS batch processes and reports to automate and standardize quarterly model runs and output.
• Managing financial reporting for a Canadian reinsurer, including valuation, capital, and embedded value.
• Designing model templates, profit reports and pricing processes to support an efficient and accurate pricing function.
• Developing best practices change management protocol related to AXIS model development.
• Conducting mortality and lapse experience studies resulting in revised best estimate and valuation assumptions.