Wei Zou Ang, Asa
About Wei Zou Ang, Asa
Wei Zou Ang serves as the Manager of ALM & Hedging Modeling at Transamerica, where he has worked since 2019. He has a strong background in actuarial science and finance, with previous roles at Milliman, PricewaterhouseCoopers, and Hannover Re, and has made significant contributions to the development of hedging models in the insurance industry.
Work at Transamerica
Wei Zou Ang serves as the Manager of ALM & Hedging Modeling at Transamerica, a position he has held since 2019. In this role, he has developed the first GPU Variable Annuity (VA) Hedging Model utilized in the industry. His work focuses on managing technical communications with valuation and actuarial teams to implement IFRS17 and STAT requirements. Ang has significantly improved the efficiency of hedging models, reducing daily processing time from over 12 hours to just 30 minutes through the use of Python and CUDA.
Previous Experience in Actuarial Roles
Prior to his current role, Ang accumulated extensive experience in the actuarial field. He worked at Milliman as a Mergers and Acquisitions Life Analyst from 2012 to 2016. Before that, he held positions at Towers Watson as a Retirement Associate from 2009 to 2012, and at Hannover Re as an Actuarial Intern in 2008. His early career also included a role as a Valuation & Strategy Intern at PricewaterhouseCoopers in 2007 and serving on the Advisory Board of Pivot Nonprofit Consulting from 2009 to 2011.
Education and Expertise
Ang earned a Bachelor of Science in Actuarial Science and dual Bachelor of Arts in Mathematics and Finance from the University of Iowa, completing his studies from 2005 to 2009. His educational background provides a strong foundation for his work in actuarial modeling and financial analysis. Ang has experience with the Agile Software Development Life Cycle, enhancing his skills in project management and software development.
Technical Skills and Projects
Wei Zou Ang is self-taught in the Swift programming language, which he used to develop a social food diary app called Legit. He recruited a small team of friends to assist in this project, which is currently in private beta. His technical skills extend to improving actuarial model fit, achieving an increase from 80% to 97%, which enables effective hedging of a $70 billion VA portfolio daily.
Contributions to Professional Organizations
Ang has been actively involved in professional organizations, serving as the Newsletter Editor for The Future Actuary at the Society of Actuaries from 2007 to 2011. His role involved overseeing the publication and dissemination of information relevant to aspiring actuaries, contributing to the professional development of peers in the field.