2022 President-Elect and Vice Chair Candidate
Timothy Rozar, FSA 2004, MAAA 2001, CERA 2008
RGA Reinsurance Company
Senior Vice President and Chief of Staff to the CEO
Chesterfield, MO
Election Message:
I am exceedingly honored to be an endorsed candidate for President-Elect. This is a pivotal time for the SOA with many issues that we must urgently address to protect the long-term sustainability and competitiveness of our profession. The good news is that the SOA is operating from a position of strength with a trusted brand, an engaged membership, and the financial flexibility to make necessary investments for the future. At this critical time in the SOA’s history, I believe that I have the experience, judgment, dedication, and strategic vision to lead our great organization.
As President, I will focus especially on the following goals:
Increasing the demand for SOA credentials by candidates and employers
The SOA facilitates a two-sided marketplace between employers and actuaries/candidates. To succeed and grow, the SOA must ensure that there is steady demand from both sides – demand from candidates for SOA designations and demand from employers for the knowledge, skills, professionalism, and rigor that actuaries credentialed by the SOA bring to the industry. Maintaining this demand will mean improving the marketing of the SOA credential to prospective candidates and employers and ensuring that actuaries of the future are prepared with both the technical skills and the business and communication skills they need to compete in an increasingly competitive marketplace.
Improving the focus and impact of SOA research
The research content developed and curated by the SOA is a unique and valuable asset that strengthens our brand and delivers trusted insight to actuaries, regulators, and other stakeholders. The SOA Research Institute has done an excellent job in recent years, including throughout the COVID-19 pandemic, in expanding the relevance and breadth of research, but more can be done to improve the scalability of research production, the timeliness of the research development cycle, and the reach and impact of research output.
Ensuring the long-term sustainability of the SOA’s financial and governance models
The SOA’s financial resources enable us to deliver on our education and research mission and respond to the evolving needs of our members. However, a years-long downward trend in the number of first-time exam takers and a pandemic-accelerated shift toward virtual and hybrid meetings make it more important than ever to better align the SOA’s revenue models with its costs. We also must improve the efficiency and effectiveness of our governance structure so that we can respond more quickly to emerging trends and better incorporate member input into the organization’s strategic initiatives and decision-making process.
Expanding the value created for members outside of North America
While we must maintain focused commitment to the needs of U.S. and Canadian members who represent the largest portion of our membership, we must also continue to expand our outreach and programs to meet the needs of members in China, Greater Asia, Latin America, and elsewhere, who account for much of our membership growth. Our approach will likely look different in each market, and it will require building lasting relationships with local actuarial organizations, universities, and clubs to determine where the SOA can provide unique value at scale.
Making real progress on diversity, equity, and inclusion within the actuarial profession
New ideas and perspectives enrich each of us as individuals and strengthen our profession, so we must strive as a profession to make more substantive and measurable progress on DEI. I am fully committed to supporting scalable programs that will expand awareness and opportunity among historically underrepresented populations and improve the equity and inclusiveness of our membership. I come to this topic with a great deal of humility, so I will also be listening to anyone with suggestions or ideas on how to move the needle. There is no easy or a quick fix, but it is vital to the long-term resilience of our profession.
Brief description of current work:
In my current role, I am Chief of Staff to the CEO and serve as a member of RGA’s Executive Committee. I oversee the development and execution of our enterprise strategy and lead our corporate communications and environmental, social, and governance (ESG) teams. I previously launched and served as CEO of RGAX, an Insurtech accelerator and innovation lab, and was previously RGA’s Global Head of Research & Data Analytics.
Primary Area(s) of Practice:
Life
Bio:
As Chief of Staff for Reinsurance Group of America, Incorporated (RGA), Timothy L. Rozar performs a multifaceted role that includes leading multiple corporate initiatives, both domestically and internationally, in support of the executive office. His responsibilities include leading enterprise strategy development and execution; environmental, social, and governance (ESG) strategy; and corporate communications.
Prior to his current role, Tim launched and served as CEO of RGAX, an Insurtech accelerator and innovation lab. Tim was previously RGA’s Global Head of Research and Data Analytics, overseeing predictive analytics, biometric research, strategic research, and actuarial experience analysis, and he has also led RGA’s U.S. product development and management information teams. Prior to joining RGA, Tim worked as a financial reporting and product development actuary at MetLife and as an actuarial intern at Nationwide Financial.
Tim is a Fellow of the Society of Actuaries (FSA), a Chartered Enterprise Risk Analyst (CERA), and a Member of the American Academy of Actuaries (MAAA). As a volunteer with the Society of Actuaries, Tim has served as a member of Board of Directors, as chair of the Product Development Section Council and InsurTech Task Force, and as a member of the Research Executive Committee, Technology Section Council, and Committee on Life Insurance Research. He currently serves on the Board of Directors of the United Way of St. Louis, the National Leadership Council of Maryville University, and the advisory board of The Longer Life Foundation, and has previously served on the Board of Directors of Junior Achievement of Greater St. Louis, and as President of the St. Louis Actuaries Club. He received his Bachelor of Science (B.S.) degree in actuarial science from Maryville University, and his M.B.A. from the Olin Business School at Washington University in St. Louis.