By Noah Guillaume
Allianz Life Insurance Co.
of North America (Allianz Life) named Steve Thiel as vice president of actuarial reporting and analysis.
Thiel will be responsible for timely reporting of actuarial balances while analyzing the financial performance of Allianz Life. He will oversee the delivery of key projects that drive financial stability while serving as valuation actuary, to provide ongoing assessment about the assets of the company. He reports to Neil McKay, senior vice president and chief actuary for Allianz Life.
Thiel joined Allianz Life in 2008 where he led the product management team as a senior director actuary. He oversaw the profitability of in-force business and analyzed the key drivers of product performance to support long term sustainability. He also partnered with the operations and IT divisions to develop a platform for managing the existing in-force business. Prior to joining Allianz Life, Thiel was an assistant vice president for Sun Life Financial Inc. in Brookfield, Wis. for seven years leading the Reinsurance
Finance division. He was responsible for the finance functions of the reinsurance businesses, managed reserves including sourcing and future funding, and directed asset liability and capital management. Thiel also held a role as an actuary for Allstate Insurance Co. in Northbrook, Ill. for five years.
Thiel holds a Bachelor of Business Administration degree from the University of Wisconsin in Madison. He is a Fellow in the Society of Actuaries
and a member of the American Academy of Actuaries.
Originally published on BenefitsPro.com