Michael Richards
About Michael Richards
Michael Richards is a Graduate Actuarial Analyst at QBE Insurance in Sydney, Australia, where he has worked since 2019. He holds a Bachelor of Actuarial Studies/Commerce from UNSW and has experience in pricing and reserving across various insurance sectors.
Work at QBE Insurance Group
Michael Richards has been employed at QBE Insurance Group as a Graduate Actuarial Analyst since 2019. In this role, he has been involved in various actuarial tasks, including conducting experience investigations and making presentations to internal stakeholders. His work has contributed to pricing and reserving recommendations related to COVID-19. He has also gained experience in areas such as Commercial Packages/SME Pricing, Personal Accident Reserving, and Liability long-tail Reserving. Additionally, he has played an active role in the People group and Social committee, focusing on improving engagement within the QBE Actuarial team.
Education and Expertise
Michael Richards studied at the University of New South Wales (UNSW), where he earned a Bachelor of Actuarial Studies and Commerce from 2016 to 2019. His academic background has provided him with a solid foundation in actuarial science and finance. He has developed expertise in various actuarial tools and programming languages, including SAS, R, Excel, and Radar, which he has utilized to build, maintain, and improve claims and exposure programs.
Background
Before joining QBE Insurance, Michael Richards worked as an Academic Tutor at Private Mathematics Tutor from 2016 to 2020. This role involved providing tutoring services in mathematics, helping students enhance their understanding of the subject. Additionally, he gained retail experience as a Sales Assistant and Supervisor at Cotton On Group from 2016 to 2019, where he developed customer service and team leadership skills.
Achievements
During his tenure at QBE Insurance, Michael Richards has contributed to the implementation of the Psicle reserving tool for Liability Long Tail, which improved efficiency compared to traditional Excel models. His involvement in conducting experience investigations has also played a significant role in shaping the company's actuarial practices, particularly in response to the challenges posed by the COVID-19 pandemic.