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Job title: Vice president
2013: Vice president, cat modelling, Xceedance
2009: Manager, RMS
2008: Team lead, Guy Carpenter (IGI)
2006: Senior risk analyst, RMS
2005: Analyst, XL Insurance
2004: Fraud risk consultant, sgency to ICICI Bank
2003: Research analyst, Reserve Bank of India
and teamwork. Spiderman expressed a relevant principle:
“With great power comes great responsibility.” To me this
means effective leaders empower people to respect and
appreciate the intrinsic value of their work.
Motivating people to excel, and instilling a team-based sense
of confidence and pride is a sure path to achieving strong
results. A highlight of my career is when colleagues says:
“Mona, I would like to work in your team.”
What has been the biggest challenge you have encountered?
Continuously adding value in the rapidly transforming
insurance industry. We are witnessing a very exciting
time in the insurance industry. Digital enablement and
new technologies such as robotics, machine learning, IoT,
blockchain and open source platforms are unlocking doors
to new opportunities. More than ever, we need to meet
the challenges of rapid transformation by educating and
empowering our teams and colleagues with vision, strategy
and a strong sense of purpose to translate the fast pace of
innovation in insurance into growth opportunities for our
companies, as well as for our clients and their policyholders.
If you had chosen a different profession/career path, what
would it have been?
While pursuing my Master’s degree in finance and
quantitative techniques, I was very interested in investment
banking. I remain a keen follower of news about company
operations, mergers and acquisitions, valuation indicators,
stock performances and derivatives.
With 11 years of industry experience, Monalisa Samal leads the
exposure management and cat modelling teams at Xceedance.
In previous positions, she has worked at XL India (now XL
Catlin) in the cat modelling division and oversaw technology
modernisation and exposure management projects for Infotech
Global (a reinsurance broker, now Guy Carpenter).
Before joining Xceedance, Samal spent six years at RMS in
the analytics services division, serving as a project manager,
trainer, consultant and team leader across a diverse range of
projects. In this position, she managed a global client base
for cat modelling services that included pricing, portfolio
management and reporting, project deliveries and model
Why did you choose to work in this industry?
I began my career as a fraud risk management consultant,
but it was unfulfilling. So, I explored other avenues in the
insurance industry, leading to a cat modelling opportunity.
I was captivated by the environment that I found in
cat modelling. The interplay of science, engineering,
programming, statistics, analytics and process optimisation as
a set of inputs and solutions for managing catastrophe risks
was exciting. The specialty of cat modelling and analytics
continues to fascinate me, as every day it poses interesting
challenges and new adventures.
What has been the highlight of your career so far?
Witnessing the development of my teams stands out as a
highlight. The early experience of building a multi-disciplinary
team was a tremendous opportunity to learn about leadership
“The specialty of cat modelling and
analytics continues to fascinate me.”
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