In a statement, ClearView said it had appointed former RGA Australia chief risk officer and head of research Nick Kulikov to the newly created position within its life insurance business.
“This is a critical time for the life insurance industry with major regulatory changes set to come into effect later this year,” ClearView general manager of life insurance Gerard Kerr said.
“It is also an important year for ClearView with key transformation projects underway including a new policy administration system, underwriting rules engine and adviser portal.
“We are extremely fortunate to have Nick on board to lead the product and pricing team, as we continue to focus on delivering contemporary, fit-for-purpose solutions that offer greater certainty and stability of benefits and premiums for customers and advisers.”
The group said one of Mr Kulikov’s key responsibilities at RGA had been “conducting detailed analysis of portfolio experience” on the reinsurer’s individual disability income insurance (IDII) portfolio.
Mr Kulikov had also previously been chief actuary at ANZ Wealth.
“Given my background and experience, I can bring the perspectives of risk management, product structure and pricing approaches to product management,” Mr Kulikov said.
“The life insurance industry’s deteriorating performance over the past few years, due mainly to IDII but not exclusively, has forced insurers to review their products and pricing with a greater focus on sustainability.
“This renewed focus is good for long term customer outcomes and, in turn, the industry’s viability.”
