Konrad Farrugia B. Accty. (Hons), M.Sc. (Kent), F.I.A. (IFoA, UK), CERA, C.P.A.

Konrad is a Fellow of the Institute and Faculty of Actuaries (UK), Chartered Enterprise Risk Actuary and a Certified Public Accountant. He holds a Master of Science in Applied Actuarial Science, with Distinction from the University of Kent, UK and a Bachelor of Accountancy (Hons.) from the University of Malta. His current role is Head of Investment and Solvency Risk with Direct Line Insurance Group plc, one of the largest general insurance companies in the United Kingdom. His responsibilities within the risk and compliance team include the second line oversight and review of: reinsurance, solvency, market risk and credit risk. Between January 2021 and May 2023, he was a Regulation Lead at Marsh McLennan where his main responsibilities included: (i) the review and sign-off of reserves for insurers and captives; (ii) the sign-off regulatory reports such as the Solvency II Actuarial Function Reports; and (iii) performing IFRS 17 studies for clients. He was the appointed Actuarial Function Holder for a number of insurance companies and captives licensed in Malta and Ireland.

His prior role was an actuary and manager at Liverpool Victoria Friendly Society (“LV=”) with the primary areas of responsibility included Solvency II regulation and ad hoc projects in the financial analysis and reporting and experience analysis areas. He started off in the insurance industry as Manager at the Malta Financial Services Authority. He led a team of actuarial students within the Insurance and Pensions Supervision Unit. He was involved in the actuarial aspects of the prudential regulation of insurers and reinsurers, the implementation of the Solvency II Directive and the prudential supervision from a financial perspective of general insurers and reinsurers. Konrad is a visiting lecturer in the Department of Accountancy within the Faculty of Economics, Management & Accountancy at the University of Malta.
LinkedIn: https://uk.linkedin.com/in/konrad-farrugia-fia-cera-a56b27100

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