"I’m delighted to have joined the t+1 advisory board and look forward to helping the team roll out this state-of-the-art solution to the wider protection market."
- Stuart Tragheim, t+1 advisory board
Tabei launched t+1, a new actuarial projection model built for insurance and reinsurance companies, in 2023. Its specially designed algorithm delivers long-term insurance product pricing, financial reporting and capital calculations with speed and accuracy while maintaining transparency.
In preparation for the launch, Debbie Kennedy, CEO of LifeSearch, Phil Zeidler, Co-Founder of DeadHappy, and Simon Sheldon, Former Head of Transformation at Canada Life, joined its advisory board to support the growth of t+1.
Simon has since stepped down as a formal t+1 advisor upon joining Legal & General (L&G) as Transformation Director in January 2024.
READ MORE: t+1 “Enabling change, enabling innovation”
Today, t+1 has announced the appointment of Stuart Tragheim, ex-CEO of Holloway Friendly, to its advisory board.
“In times where CEOs of protection and annuity product providers are being challenged by ever-increasing regulatory, audit, and distribution costs, it’s refreshing to be working with a business that has identified often overlooked areas of operational inefficiency, that once addressed unlock not only significant cost savings but wider opportunities for innovation and change.
“Those of us who’ve 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, Chief Financial Officers (CFOs), Chief Actuaries, and Heads of Proposition, in equal measure.
“t+1 understands how to address these frustrations and has built a solution that’s disrupting the status quo. The platform enhances pricing, valuation, and capital calculation capability, whilst saving significant costs for providers. What’s more, it can be easily integrated into existing systems & processes and has rapid migration capability, thereby tackling the usual concerns (based on historical experience) and model migration,” he said.
Katie Crook-Davies, Co-Founder & Managing Director of t+1, added: “We’re pleased to welcome Stuart to the team, especially at this point in our journey. The last twelve 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,” she concluded.
