Visiting Assistant Professor
Industrial Engineering and Operations Research
IIT Bombay
Postal address:
Industrial Engineering and Operations Research
Indian Institute of Technology Bombay
Powai, Mumbai 400076, India
Current Positions:
- Visiting Assistant Professor, Department of Industrial Engineering and Operations Research, IIT Bombay
- Part-Time Faculty, National Insurance Academy
- Part-Time Faculty, Insurance Institute of India
Educational Background:
- Fellow Member of the Institute of Actuaries of India, Singapore, and the Institute and Faculty of Actuaries, UK
- Master's in Actuarial Science from the University of Waterloo, Ontario, Canada
- Master of Business Administration from the University of Delhi
- Bachelor's in Engineering from the University of Delhi
Research Interests:
Analytical techniques in capital modelling, product pricing, fraud management and customer lifecycle analysis. Reserving, pricing, product development and actuarial due-diligence
Working Experience:
Independent Actuarial Consultant
JV Prasad Actuarial Consultancy, Mumbai, India
September 2021 – Present
Established an independent actuarial practice specializing in general insurance consulting.
Collaborated with various general insurance companies, broking firms, and consultants in areas such as reserving, pricing, product development, and IFRS advisory.
Served as interim appointed actuary for multiple clients.
Head of General Insurance Consulting
Willis Towers Watson, India
2019 – 2021
Led the establishment of the general insurance practice for India and Sri Lanka.
Acted as the signing actuary for companies in Singapore and Sri Lanka.
Played a key role in M&A transactions, conducting actuarial due diligence for significant acquisitions and stake sales to PE/VC funds.
Developed expertise in health insurance product development and pricing.
Appointed Actuary & Member of Management
ICICI Lombard General Insurance Company Limited
2004 – 2019
Served as Appointed Actuary and participated in key Board committees, including Audit & Risk.
Contributed to strategic decisions regarding the potential acquisition of a health insurance company.
Involved in the stake sale of ICICI Lombard to a private equity firm and participated in the IPO process leading to its listing on the local stock exchange.
Industry Expertise:
Over two decades of experience in the general insurance market, with a focus on reserving, pricing, product development, and strategic management.
Extensive collaboration with the Indian insurance regulator and deep knowledge of regulatory requirements and practices.
Proven track record in leading actuarial teams and advising on complex transactions in the insurance sector.