Kalpana Shah, Board Chair, Past President & Founder, IFoA Board, Institute and Faculty of Actuaries
- Kalpana is a Board Chair.
- She’s a portfolio non-executive Director and Immediate Past President and founder of the IFoA board at the Institute and Faculty of Actuaries.
Podcast
Overview
Kalpana Shah, a trailblazer in the actuarial world, shares her incredible journey from humble beginnings to becoming the Board Chair at the Institute of Actuaries. With decades of experience in risk management, she discusses the evolving insurance landscape, the impact of technology, and how actuaries can lead in an age of innovation. Kalpana’s insights on leadership, resilience, and breaking barriers offer inspiration for professionals across industries.
00:36- About Kalpana Shah
- Kalpana is a Board Chair.
- She’s a portfolio non-executive Director and Immediate Past President and founder of the IFoA board at the Institute and Faculty of Actuaries.
- She has received numerous accolades from the Institute of Directors, the Financial Times, Cranfield University, insurance and Insider, and the Brahma magazine.
14:45- How does the regulatory framework for insurance impact your kind of work?
- The regulatory framework adds complexity and costs to insurance work, but it’s essential for ensuring long-term trust and protection for policyholders.
- Regulation requires a balance between providing better products and managing added costs while emphasizing the need for ethical and skilled professionals.
- The shift towards principles-based regulation focuses on ethics and integrity, moving away from rigid checklists to ensure that professionals are doing the right thing.
20:21- What advice would you give to a young professional who wants to make a career in the field of actuary or actuarial work?
- Build strong technical skills in statistics, math, and programming, while also developing communication and business acumen.
- Stay curious by exploring new fields beyond traditional insurance and continuously seek new opportunities.
- Cultivate resilience, learn from mistakes, and embrace networking and mentorship to grow professionally.
RESOURCES:
Learn more about Kalpana Shah: LinkedIn
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Profile
- Kalpana is a Board Chair.
- She’s a portfolio non-executive Director and Immediate Past President and founder of the IFoA board at the Institute and Faculty of Actuaries.
- She has received numerous accolades from the Institute of Directors, the Financial Times, Cranfield University, insurance and Insider, and the Brahma magazine.
