Oliver Stoll
Aktuar (DAV, SAV), Chartered Financial Data Scientist, MBA (Hons), CIIA
Experience
Nov 2013 - Apr 2025
11 years 6 months Kilchberg, Switzerland
Owner and Actuarial Consultant
ARCS Actuarial and Risk Consulting Stoll GmbH
- Supporting the financial industry in actuarial modelling, reporting, valuation, risk management and as Appointed Actuary.
- Project (2023 – 2025): Implementation of new features in C++ based cash flow model; interim management for appointed actuary; process improvements; actuarial pricing.
- Project (2022 – 2023, Client: Zurich Germany, Cologne): Portfolio transfer (modelling in RAFM, impact on reporting, reinsurance, risk capital, processes; migration to msg.Life Factory).
- Project (2021 and 2024, Client: reinsurer for pension funds, Switzerland): Redesign and upgrade of Solvency II (SII) model and its implementation in Python, testing and documentation.
- Project (2021 – 2023, Client: Youplus, Liechtenstein): Validation of surrender values of insurance contracts; product specification and testing of policy admin system for product launch.
- Project (2021, Client: Allianz Life, Germany): Support with setup of new reinsurance contract (project management, impact analyses) and SII reporting and financial planning.
- Project (2020 – 2021, Client: Allianz SP, Slovakia and Allianz Bulgaria): Review and optimization of Risk Agility FM (RAFM) models and integration in IFRS17 reporting process using Unify. Developed a new approach for RAFM external sources which made upgrade much easier to implement.
- Project (2017 – 2023, Client: SV Versicherung, Germany): Upgrading and improving the quality of RAFM models and streamlining reporting processes; methodology development; analyses and automation using SQL; implementation of a life reinsurance contract in reporting process; review of data quality in policy administration system.
- Project (2015 – 2017, Client: Allianz Life, Germany): Implementation of a new actuarial and risk capital calculation system developed by the client. This included model validation and IMAP with the regulator, implementing new reporting processes, project management (liaising with IT, asset and risk management), and developing new methodological approaches (e. g. a path dependent inflation approach).
- Project (2016 – 2020, Client: B Capital, Switzerland): Review of valuations of investment projects.
- Project (2015, Client: Allianz SE, Germany): Redesign of MCEV methodology, based on a SII MVBS approach. Performed an extensive gap analysis and resolved these with stakeholders from actuarial, risk, accounting and asset management. This included rewriting the entire MCEV methodology manual.
- Project (2014, Client: Aegon Group, Netherlands): Acted as a senior consultant in the Group Risk Reporting team. Responsibilities included risk capital reporting (validating and analyzing results, responding to requests for advice from local units, writing reports to management and regulator), developing validation tools in Excel, and improving processes and documentation. Methodological work included gap assessments, recommending upgrades, responding to requests from internal stakeholders and regulator (as part of the IMAP process). Identified a major gap in the currency risk aggregation module and provided instructions on how to close it. Coached junior staff in the effective use of tools (including Excel), processes, controls and documentation.
Mar 2012 - Oct 2013
1 year 8 months Zürich, Switzerland
Life Actuarial Director
KPMG
- Together with the actuarial partner, built up actuarial capabilities for KPMG Switzerland.
- Reached out to KPMG’s life insurance clients and was in close touch with teams from advisory, tax, regulatory and IT to offer cross functional services to its clients.
- Improved a client’s economic value based reporting process with focus on increased controls, automation and reduced production time – to ensure process is sufficient for upcoming Solvency II production runs.
- Conducted due diligence projects for two EU based companies: valuation of reserves, assessment of risk capital requirements.
- Performed audits with focus on interest rate and longevity assumptions as well as processes, controls and documentation.
- Conducted actuarial valuation of reinsurance contracts for pension funds.
- Reviewed cost processes for group life business, in particular cost allocation mechanisms and pricing of cost premiums.
- In 2013, was elected member of the board of trustees of the KPMG pension fund and part of the investment committee, making strategic asset allocation decisions.
Nov 2010 - Feb 2012
1 year 4 months Zürich, Switzerland
Senior Manager in Actuarial & Insurance Management Solutions
PwC
- As a senior manager, led audit and consulting projects within the actuarial team.
- Managed the actuarial client relationship with two major audit clients and lead various risk management and economic capital projects.
- Built up modeling capabilities within the team, in particular for Prophet.
- Led actuarial audit teams for insurance clients and investment funds and audited IAS 19 pension fund valuations.
- Managed an internal Solvency II model validation exercise for a local subsidiary of an insurance group.
- Lead a project abroad to update a client’s Prophet model to ALS, and defined which additional features had to be implemented due to Solvency II requirements.
- Supported a client in setting up a Swiss Solvency Test model with focus on a transparent and flexible set up.
- Advised an international insurance group in streamlining their actuarial models in one region.
- Served as subject matter expert on various modeling projects.
Jul 2007 - Oct 2010
3 years 4 months Zürich, Switzerland
Senior Actuary at Group Life Actuarial (Corporate Center)
Zurich Insurance Company
- As Head of Life Actuarial Model Development and of Bratislava Life Actuarial Services: Implemented a strategy of centralizing and streamlining actuarial modeling processes, including opening and leading a shared service center of ten actuarial modeling experts in Central Europe, performing actuarial duties for one of Zurich’s then new country offices, and reviewing contracts for actuarial software and negotiating a group wide service agreement.
- As Senior Embedded Value actuary: Held responsibility for Zurich’s Embedded Value reporting, drafting quarterly Embedded Value reports for external publication, driving forward Zurich’s Embedded Value methodology (implementing new MCEV standards for the Group, particularly for CRNHR), representing Zurich at the CFO Forum’s technical workgroups, ensuring new standards reflected Zurich’s requirements, and supporting local business units with MCEV reporting issues and validating their submissions.
- As Internal Consultant: Worked on strategic internal projects, designing and implementing analyses to monitor KPIs used for these initiatives, requiring close collaboration with senior management and a wide variety of stakeholders within the Group and local units.
Nov 2006 - Apr 2007
6 months Zürich, Switzerland
ALM Manager at Group Actuary and Risk Management
Swiss Life
- Participated in an advisory committee for the design and implementation of a group wide dynamic ALM system.
- Provided support for a local entity for the monthly risk reporting.
- Organized the monthly strategic asset allocation reviews, improved reporting requirements and initiated feedback sessions.
- Organized and delivered a workshop on the modeling of liabilities, and presented the group’s approach on modeling unit linked contracts.
Sep 2004 - Oct 2006
2 years 2 months Basel, Switzerland
Risk Manager at Group Risk Management
Bâloise Holding
- Initiated a case study for the introduction of an asset liability management system within the group.
- Modeled a subsidiary’s business lines using the Prophet based library Life-DFA and evaluated asset allocation strategies with respect to various risk metrics.
- Organized the Life part of the group wide Swiss Solvency Test field study, trained local colleagues with respect to the methodology and evaluated the overall results for the group.
Apr 2001 - Aug 2004
3 years 5 months Cologne, Germany
Actuarial Consultant for Life and Health Insurance Companies
Towers Perrin Tillinghast (now Towers Watson)
- Mainly worked in Germany, Switzerland, United Kingdom and Poland, with special focus on life and health business.
- Major work areas included: Embedded Value reports, modeling of life and health insurance business in TAS and MoSes, product development and market entry studies.
- Advised clients on setting of appropriate assumptions, implementing MoSes libraries, and compiling reports stating findings and recommendations.
Summary
Hands-on specialist for Solvency II, IFRS 17, financial modeling, and actuarial automation.
Analytical thinker and pragmatic problem solver with a flexible work style.
Independent of vendors; fully committed to client needs and long-term collaboration.
Member of the accounting / IFRS17 working group of the Swiss Actuarial Society.
Member of the board of trustees of two Swiss pension funds.
Languages
German
Native
English
Advanced
French
Intermediate
Italian
Intermediate
Education
Freihof-Gymnasium Göppingen
Abitur · Göppingen, Germany · 1,4
Quantic School Of Business And Technology
Executive Master Of Business Administration · Washington, United States · Mit Auszeichnung
Universität Tübingen, Monash University
Nachdiplomstudium · Geometrical Evolution Equations And Gravitation Theory · Tübingen, Germany
Certifications & licenses
Executive Master Of Business Administration
Quantic School Of Business And Technology
Chartered Financial Data Scientist
DVFA, Frankfurt / Germany
Financial Analyst (CIIA and Swiss Federal Diploma)
ACIIA and Swiss Confederation
Qualified Actuary
German Actuarial Society (DAV)
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