Stuart Tragheim, the former chief executive of Holloway Friendly, has joined the advisory board of newly formed protection platform t+1.
Tragheim will work alongside Debbie Kennedy, CEO of LifeSearch and Phil Zeidler, co-founder of DeadHappy.
t+1, the brainchild of protection veteran Katie Crook-Davies, is a next-gen actuarial modelling platform for protection and annuity products.
The platform supports pricing, reserving and capital work through enhanced data integration, efficient computation and rapid results visualisation.
Katie Crook-Davies, co-founder and managing director of t+1, welcomed Tragheim to the team.
“The last 12 months have involved much learning, which has informed a refined focus on the problems we’re trying to solve and who we’re trying to solve them for. Stuart’s decades of protection leadership experience will be invaluable as we implement the next phase of our journey, reaching new audiences with a broadened proposition,” said Crook-Davies.
Tragheim added: “In times where CEOs of protection and annuity product providers are being challenged by ever increasing regulatory, audit and distribution costs, it is refreshing to be working with a business that has identified an often overlooked area of operational inefficiency, which once addressed unlocks not only significant cost savings but wider opportunities for innovation and change.
“Those of us who have been in this sector for a while will recognise that legacy actuarial software often presents slow processing speeds, poor usability and high costs, and this causes immense frustration for CEOs, CFOs, chief actuaries and heads of proposition, in equal measure.”
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