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Company: Sompo Canopius
Job title: Group chief risk officer
2016: Group chief risk officer, Sompo Canopius
2008: Chief actuary, Canopius
2003: Chief actuary, Liberty Syndicates
2001: Chief actuary, Beazley
1999: Consultant, Deloitte
1996: Corporate actuary, Terra Nova
Gaynore Moss heads a team providing leading edge risk
What was the most significant development you’ve seen
management, pricing, capital and reserving to support the
over the last 12 months?
business incorporating best practice methodologies as standard.
The traditional business model is changing. There has been a
Moss started her career at Lane Clark & Peacock, an actuarial
notable shift towards using alternative distribution structures,
consultancy, before taking a number of roles within the market.
including ILS funds. While ILS has been around for years, it
She has previously been chief actuary of Beazley and Liberty
has become more widespread in the market and now makes
Syndicates. She was a founder member of Committee
up a meaningful portion of the capacity. In addition, the
of Actuaries in the Lloyd’s Market (CALM) and a senior
products are changing from the traditional cat bonds into
examiner for the Institute of Actuaries. She sits on the Lloyd’s
wider areas. It represents both a challenge and an opportunity
Practising Certificate Panel.
as we continue to develop our products and make sure we
meet our clients’ evolving needs.
Why did you choose to work in this industry?
I originally intended to do a PhD but funding was tight so
Has the profile of women in re/insurance been raised in
I decided to take a job in London and apply the following
year. I started in pensions and switched to insurance after
The profile of women has changed dramatically since the
about two months and never looked back.
start of my career. There were so few women studying
mathematics when I was doing my degree and an even smaller
What has been the highlight of your career so far?
number who pursued a career in insurance afterwards. In my
There have been so many fun and interesting projects that
team now, the number of men to women is about equal.
it’s hard to pick one. My top three would be: being the first
woman to win General Insurance Actuary of the year in
There are also a lot of women in top positions who are
2014; successful implementation of Solvency II; the group’s
visible and proactively talk about diversity, which has been
successful purchase of Omega Managing Agents.
a great step forward and given women some fantastic role
models. I remember in my first few meetings as an actuarial
What has been the biggest challenge you have encountered?
professional it was assumed that I was the minute-taker, but
The biggest challenge is teaching the next generation. When
I couldn’t see that happening now. It’s very much based on
I started, actuarial teams were very small and everybody
merit and ability today, not what you look like.
worked in all areas. Nowadays people tend to specialise
from an early stage which may stop them having in-depth
experience necessary to give them a rounded overview. “It’s very much based on merit and
ability today, not what you look like.”
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