ClearView Wealth has appointed Nick Kulikov to the newly created position of Head of Product and Pricing.
The insurer says in a statement that in his new role, he is responsible for ClearView’s current LifeSolutions product “…and the development of the group’s new life insurance solution, which will be launched in the second half of the year”.
Kulikov was formerly RGA Australia’s Chief Risk Officer and Head of Research.
He reports to General Manager, Life Insurance, Gerard Kerr, who says that this is a critical time for the life insurance industry with major regulatory changes set to come into effect later this year.
“It is also an important year for ClearView with key transformation projects underway including a new policy administration system, underwriting rules engine and adviser portal,” Kerr says.
In his previous role, Kulikov drove RGA Australia’s risk management agenda, managed regulator relationships and conducted detailed analysis of portfolio experience including the individual disability income protection (IDII) portfolio.
He also previously held senior roles at ANZ / ING Australia including Chief Actuary.
“Given my background and experience, I can bring the perspectives of risk management, product structure and pricing approaches to product management,” he says.
“The life insurance industry’s deteriorating performance over the past few years, due mainly to IDII but not exclusively, has forced insurers to review their products and pricing with a greater focus on sustainability. This renewed focus is good for long-term customer outcomes and, in turn, the industry’s viability,” he adds.