Francis P. Sabatini, FSA 1978, MAAA, CERA

President, Sabatini Advisory Services, LLC, Granby, CT

Brief description of the type of work you currently do:

Leveraging 35 years of industry and advisory services experience I provide independent insurance and actuarial advisory services. Areas of specialization include:

• Enterprise Risk Management (ERM) framework development and implementation
• ERM framework assessments
• Fixed, variable and indexed annuity product development, pricing and management
• Economic Capital development & implementation
• Risk specific issues management
• Hedge program development
• Investment strategy development
• Litigation support & expert witness assistance.

Primary Area of Practice:

Risk Management

Other Areas of Practice / Interests:

Product Development, Investments, Economic Capital, Life Insurance

Professional Background:

• Sabatini Advisory Services (2007–) Risk Management Related Service
• Ernst & Young LLP: Principal (1991–2007) Risk Management Related Service
• Connecticut Mutual; Vice President (1990–1991) Life Insurance Product Development
• Connecticut Mutual; Vice President (1982–1990) CFO Group Pension Operations
• Equitable Life Assurance; AVP (1974–1982) Group Pension Operations

Volunteer Experience:

• (2010) ERM Symposium Chair
• (2006–2009) Society of Actuaries Board of Directors
• (2003–2006) Risk Management Section Council (Section Chair 2004–2005)
• (2006) ERM Symposium Committee
• (1996–1999) Investment Section Council
• (1993–2003) Finance Practice Professional Development Committee
• (2001–2002) Investment Actuary Symposium Co-Chair, Frequent Speaker at Society of Actuaries and Insurance Industry Meetings, Authored Numerous Articles primarily on risk management topics

Vision Statement:

The challenges faced by the SOA have never been greater and they present tremendous opportunity for our profession. As a risk professional for most of my career the SOA's goals to promote actuaries globally as leaders in risk management is of extreme importance. The SOA Board has taken a number of steps to address this strategic issue. Most notably is the creation of the CERA credential.

The SOA has taken steps to ensure that the CERA credential has an educational quality needed by prospective employers and is actively marketing the credential and the SOA brand. We need to sustain our current efforts and do even more. Greater emphasis on promoting the credential within the traditional actuarial marketplace and in nontraditional markets is needed especially awareness amongst employers, recruiters and universities. Although a somewhat daunting task, we need to seek ways to place actuaries into the nontraditional ERM hiring pipeline.

While we promote our credential we also need to seek ways to make it global. The ideal solution is to have the currently unnamed "XRX" credential become CERA. I have been active in this effort and will continue to be. The SOA Board has voted, at its June meeting, to pursue the signing of the Global Treaty.

I am excited about the prospects for our profession and the CERA credential in particular and look forward to assisting in that effort.

For more information please visit my web site athttp://www.pensionfinance.org/fellows/frank/fs.html.