Amalgamated Life Insurance Company Welcomes New Chief Actuary
Amalgamated Life Insurance Company is thrilled to announce the appointment of Amanda Turcotte as their new Senior Vice President and Chief Actuary. In this pivotal role, Amanda will manage all actuarial functions, contributing to the company's mission of innovation in risk management and insurance solutions while prioritizing financial growth and stability.
A Wealth of Experience in Actuarial Science
Amanda Turcotte brings over two decades of rich experience in the insurance industry. Her career showcases a substantial breadth of knowledge in product development, financial modeling, and reinsurance strategies. Prior to her recent role as Senior Business Development Actuary at Guy Carpenter, she effectively supported clients across the United States and Canada, steering successful reinsurance strategies for life and annuity products.
Innovative Leadership in Insurtech
Pioneering in the realm of insurance consulting, Amanda founded Turcotte Consulting to guide insurtech startups in navigating technology advancements and fostering product innovation. Her entrepreneurial spirit reflects a deep commitment to modernizing the insurance landscape.
Commitment to Innovation
“Amanda’s proven expertise in actuarial science combined with her leadership in innovation makes her an exceptional asset to our team,” expressed Paul Mallen, President and CEO of Amalgamated Life. “Her diverse experience aligns seamlessly with our goals of driving innovation and delivering outstanding solutions to our valued clients.”
Track Record at Leading Companies
Amanda has held significant roles at renowned companies, where she played a crucial role in pushing the boundaries of insurance products. Notably, at Ansel Health, she spearheaded the development of a groundbreaking supplemental health insurance product, showcasing her ability to merge technology with product design effectively.
Education and Professional Credentials
Ms. Turcotte achieved her Fellow of the Society of Actuaries (FSA) designation and is a member of the American Academy of Actuaries (MAAA). Her academic journey includes a double major in Economics and French Literature from the University of Alabama, equipping her with a unique perspective on the insurance market.
Looking Forward
“Joining Amalgamated Life during such a dynamic phase in the industry excites me,” Amanda shared. “The company’s dedication to serving the needs of working individuals resonates with my belief in cultivating a respectful culture, which I view as essential for long-term organizational growth and stability. I am eager to utilize my experience to enhance the company's legacy of innovation, adding value to our clients and their members.”
About Amalgamated Life Insurance Company
Founded in 1943, Amalgamated Life Insurance Company has developed into a leading provider of comprehensive insurance solutions with operations extending across all 50 states and the District of Columbia. Collaborating closely with plan sponsors, brokers, and benefit consultants, Amalgamated Life offers a broad range of group insurance and voluntary benefits.
Its extensive offerings include Term Life, Medical Stop Loss, Disability, and specialty drug cost management. The array of voluntary products comprises Disability, Accident, Portable Term Life, Whole Life, Accidental & Dismemberment, Critical Illness, Cyber Security, and various other benefits designed to meet diverse needs.
Amalgamated Life's solutions prioritize effective risk protection and flexible options, all while maintaining competitive pricing. The company has consistently received “A” (Excellent) Ratings from A.M. Best Company since 1975, indicating its financial strength and reliable claims-paying abilities. Additionally, it has garnered recognition for its outstanding customer service and a loyal clientele from middle-market businesses, unions, and associations spanning various sectors.
Commitment to Financial Security
Amalgamated Life is dedicated to supporting working individuals and their families on their journey toward financial security by providing accessible life, health, and pension products and services while upholding an unwavering commitment to excellence.
Frequently Asked Questions
What is Amanda Turcotte's role at Amalgamated Life?
Amanda Turcotte is the new Senior Vice President and Chief Actuary, overseeing all actuarial functions.
How many years of experience does she have in the insurance industry?
Amanda brings over 20 years of experience in the insurance industry.
What are some of her previous roles?
She previously served as the Senior Business Development Actuary at Guy Carpenter and led her own consulting firm.
What type of products does Amalgamated Life offer?
They provide a range of products including life insurance, disability, and various voluntary benefits.
Why is Amanda excited to join Amalgamated Life?
She values the company's dedication to serving working individuals and aims to contribute to a culture of respect and innovation.
