Ricky Power Appointed as Chief Growth Officer for Growth
Ricky Power Joins Stoch Analytics as Chief Growth Officer
Stoch Analytics Limited, a leading software company known for its innovative solutions in the life insurance sector, proudly announces the appointment of Ricky Power as its Chief Growth Officer. In this pivotal role, Mr. Power will be responsible for directing the company’s sales, marketing, and business development functions.
Vision for Growth at Stoch Analytics
According to Chris Stiefeling, the CEO and cofounder, the team at Stoch Analytics is excited about this strategic hiring. "Ricky Power brings a wealth of experience to our company. His deep understanding of the actuarial market will be an invaluable asset to us. With his help, we intend to maximize the potential of our innovative solutions aimed at life insurers worldwide," he stated.
Innovative Software Solutions
Stoch Analytics specializes in developing and delivering high-performance stochastic modeling tools tailored for life insurance companies. Their flagship product, the Atlas software suite, is renowned in the industry for its exceptional speed and efficiency, operating up to 200 times faster than many competitors. This innovation has made Atlas a trusted choice among some of the largest life insurance providers globally. The suite was originally acquired from Oliver Wyman in 2023, marking a significant milestone for the company.
Ricky Power's Experience and Strategy
Ricky Power comes to Stoch Analytics with extensive experience in the actuarial software industry, having previously led the global sales for AXIS actuarial software at Moody's Analytics. For over a decade, he dedicated his career to aiding life insurers in identifying optimal solutions for their actuarial modeling, financial reporting, and scenario generation requirements.
Commitment to Continuous Improvement
In a statement about his new role, Ricky expressed enthusiasm about joining the team. "Stoch Analytics has a remarkable history of providing superior actuarial solutions. They've consistently evolved their offerings to ensure that customers benefit from continuous enhancements in performance and functionality while enjoying unparalleled calculation speed," he said. "I am eager to contribute to the growth of our customer base and support our clients in achieving their goals."
About Stoch Analytics Limited
Stoch Analytics is dedicated to offering top-tier modeling solutions that empower life insurers to navigate the complexities of stochastic analysis. The Atlas suite has been a proven performer for over 20 years, helping leading insurers manage their portfolios efficiently. The transition from Oliver Wyman to Stoch Analytics in 2023 enabled the company to concentrate on delivering tailored software and services aimed at actuarial and risk management applications. Such commitment guarantees that clients receive the best tools needed to thrive in a competitive market.
Frequently Asked Questions
What is Stoch Analytics known for?
Stoch Analytics specializes in developing high-performance stochastic modeling solutions for the life insurance industry, most notably their Atlas software suite.
Who has been appointed as the Chief Growth Officer?
Ricky Power has been appointed as Chief Growth Officer to lead the sales, marketing, and business development efforts at Stoch Analytics.
What changes did Stoch Analytics undergo recently?
Stoch Analytics transitioned from being under Oliver Wyman in 2023, allowing for a sharper focus on actuarial and risk management software and services.
How does the Atlas software suite benefit users?
Atlas is designed to run significantly faster than many competing products, providing users with a superior experience in pricing, valuation, and projection tasks.
What is the vision for growth at Stoch Analytics?
Stoch Analytics aims to leverage Ricky Power's extensive experience to enhance their market presence and optimize the solutions they offer to life insurers worldwide.
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