2017 Candidate Questionnaire - David K. Sandberg, FSA 2001, CERA, MAAA
David K. Sandberg, FSA 2001, CERA, MAAA
VP & Corporate Actuary
Allianz Life Insurance Company of North America, Minneapolis, MN
Brief Description of the type of work you currently do:
I am a Vice-President for Allianz Life of North America in Minneapolis, MN and was the Appointed Actuary at LifeUSA, a major writer of deferred and equity indexed annuities, where I worked from 1989 until LifeUSA’s purchase by Allianz Life in 1999.
Primary Area of Practice:
Other Areas of Practice/Interests:
Finance, Financial Reporting, International Issues, Regulatory, Research, Risk Management
Why do you want to be on the Board?
There are four sources of professional value creation, governance, and decision-making for the SOA: the leadership team, the board, staff, and the members (whether as individuals or as volunteers in sections and committees). An important new issue for the board in the next few years is to manage and establish the necessary governance processes to address a smaller board, a more ambitious strategic plan, and a more dynamic external environment at both a national and international level. I would like to use the experience and perspective gained in my first term to help fashion that balance.
Ethics and Transparency
Ethics and transparency are essential to professional practice and service on the board. How have you demonstrated ethics and transparency in the past? How will your own ethics and views on transparency influence your decisions and actions as a member of the SOA board?
Collaborative working relationships are essential to the governance function of the SOA Board of Directors, especially as board members work with each other, volunteers, and staff to achieve the strategic goals and mission of SOA. Describe a situation from either your professional or volunteer experiences that demonstrated you are a team player.
Board members need to exhibit curiosity and a desire to learn about areas that may potentially impact the SOA and the profession. How do you stay informed about what is going on nationally and internationally, and how do you apply that knowledge into your work with SOA and the profession.
Respectful and prudent use of resources is an important function of all board members. Explain how you have demonstrated this characteristic in either your work or volunteer experiences and how it will carry over to your role on the SOA Board.