Sam Nandi
FSA, MAAA
Consulting Actuary
Chicago, IL, US
Sam leads the actuarial team within Milliman's Financial Risk Management practice in Chicago. He has played a major role in the development of Milliman's MG-Hedge platform and its implementation for many leading life insurers and reinsurers, both within the United States and globally. His work encompasses market risk management for variable annuity guarantees and options embedded within index annuity products. He has served Milliman's clients in a number of different ways, including offering advisory services on best practices, delivering and implementing software and modeling tools for in-sourced programs, and managing hedge programs that have been outsourced to Milliman.
Experience
Sam is an industry leader in the management of market risk within insurance products. While he has specialized in developing risk management solutions for insurance products and guarantees, he also has extensive experience in financial reporting as well as in mergers and acquisitions. He developed Milliman's Economic Scenario Generator, which produces stochastic scenarios of interest rates, equity returns, and exchange rates across economies.
Prior to joining Milliman, Sam was a consultant in the actuarial practice of a major accounting firm and worked as an actuary at a large life insurance company.
Professional Designations
- Fellow, Society of Actuaries
- Member, American Academy of Actuaries
Education
- Master's degree, Economics, University of Wisconsin
Publications
Read their latest work
Article
Milliman VALUES 2016: GLWB Utilization study
15 May 2017 - by Eileen S. Burns, Jenny Jin, Vincent Embser, Matthias Kullowatz, Ben Johnson, David Wang, Sam Nandi
Milliman recently completed its 2016 Milliman VALUES GLWB Utilization study, which included two million policyholders from seven large VA writers, representing roughly $220 billion of account value (based on initial purchase amounts) and covering a range of GLWB product designs as well as demographic attributes.
Article
Hedging and the need for speed
21 June 2012 - by Deep Patel, Jim Brackett, Sam Nandi
GPU computing can speed hedging calculations and deliver more robust data sets that allow for better management of financial risks.
Article
A holistic framework for life cycle financial planning
01 July 2009 - by Wade Matterson, Sam Nandi
Financial plans must change to account for new market conditions.
Article
A holistic framework for life cycle financial planning
01 July 2009 - by Wade Matterson, Sam Nandi
Article
Cultivating confidence: The emerging global market for VA-style guaranteed benefits products
01 December 2008 - by Rikiya Ino, Wade Matterson, Sam Nandi, Peter H. Sun
The success of retirement-savings products such as variable annuities (VAs) with guaranteed benefits in the United States and Japan—and the ability of these products to stand up to intense market volatility, as we saw in September and October of 2008—has caught the attention of insurance companies and policyholders in the global market.