Steve Thiel has been named as VP of actuarial reporting and analysis for Allianz Life Insurance Company of North America. Thiel will be responsible for reporting actuarial balances while analyzing the company’s financial performance, and will oversee delivery of projects that drive financial stability and serve as valuation actuary to provide an ongoing assessment about the company’s assets. He will report to Neil McKay, SVP and chief actuary.
“Steve has been instrumental in ensuring our products meet desired profitability in a challenging market environment,” McKay said. “He is very well positioned to lead the actuarial financial reporting function within Allianz Life and will help maintain our financial strength.”
Thiel joined the company in 2008 as a senior director actuary, and led the product management team. He oversaw the profitability of in-force business and analyzed drivers of product performance to support long-term sustainability. He also partnered with operations and IT to develop a platform to manage existing in-force business. Prior to joining Allianz Life, Thiel was AVP for Sun Life Financial Inc., where he led the Reinsurance Finance division for seven years. There he also was responsible for the finance functions of the reinsurance businesses, managed reserves including sourcing and future funding, and directed asset liability and capital management. Prior, Thiel was an actuary for five years at Allstate Insurance Company.
Thiel earned his bachelor of business administration from the University of Wisconsin in Madison. He is a Fellow in the Society of Actuaries and a member of the American Academy of Actuaries.
