Actuarial and advisory consultancy Hymans Robertson, which deals with longevity risk transfer and longevity reinsurance or swap transactions, has appointed Richard Purcell to the role of Technical and Innovation Lead within its Life and Financial Services practice.
Emma McWilliam, Head of Life and Financial Services at Hymans Robertson, welcomed Purcell to his new role; “Richard’s unique combination of experience spanning technology, protection and retirement markets in the life insurance sector adds a further dimension to our multi-disciplinary team.
“Hymans Robertson is at the forefront of helping insurers. Richard’s first-hand experience at the interface of insurance and technology, and successful track record of launching highly innovative products are critical for supporting successful outcomes for our clients in the next stages of their growth.”
Purcell joins from a role as Head of Technical Marketing with Vitality where he was responsible for innovation and marketing of new protection and retirement products.
Previously he held risk and valuation roles at Pensions Corporation and Willis Towers Watson.
Purcell said; “I’m delighted to be joining the leading Life and Financial Services practice at Hymans Robertson, delivering product innovation and strategic support to insurers as they seek growth in their markets.
“At a time when insurers face challenges from regulation and volatility in the economic landscape, there are significant opportunities for insurers who embrace innovation and new technologies with their in-depth knowledge and capabilities in the market. In doing so value is not only created for themselves but most importantly their customers.”
Purcell is a member of the Institute & Faculty of Actuaries working party on Risk Management in a Digital World and a member of the Protection Practitioners Group of ILAG; he also acts as Editor of The Actuary, the magazine of the Institute & Faculty of Actuaries.
Karen Brolly, Head of Products for Life and Financial Services at Hymans Robertson, commented on the appointment;“Hymans Robertson has a strong pedigree in using technology and analytics to create some truly innovative solutions for clients, including Guided Outcomes and Club Vita.
“So Richard’s appointment means we remain ahead of the game with our clients who are embracing the opportunities that lie ahead.”