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Sumit Ramani

Published on 24 Feb 2025

About Me

I am an Information & Communication Technology engineer turned actuary.

 

I run two businesses – Actuaria and ProtectMeWell. The former is an actuarial consulting firm, and the latter is an API-first financial engine focused on powering financial institutions to sell the right financial products (like insurance and mutual funds) and sell more!

 

I am based out of Bhilai. Moved back here during COVID-19, which did two things. Helped me realize the fragility of life and made the world more open to remote working.

 

Apart from running businesses, I enjoy jogging, sharing my knowledge through podcasts, speaking at conferences, tweeting, reading, and spending quality time with family. Thanks to meditation, which helps me maintain the balance.

 

As A Founder

Actuaria – Started a solopreneur in late 2017 with a strong focus on consulting insurtechs across the globe. We are now four qualified actuaries with expertise in Life, Health, and General Insurance, apart from Retirement Benefits practice areas. We have helped over 100 clients across five continents and 20 different countries. The advisory services focus on helping insurtechs raise funds, collaborate with re/insurers, and get regulatory licenses.

 

Apart from insurtechs, we have also helped several insurers with traditional actuarial consulting like product pricing, valuation, analytics, and financial modeling.

 

With the team and expertise growing, Employee Benefits Valuation (like Gratuity and Leave Encashments) is regaining prominence for our business.

 

More recently, we have also experimented with building Python-based actuarial software like a reserving engine and benefit illustration.

 

ProtectMeWell – founded during COVID-19 with a desire to help end customers better plan their finances in an unbiased and scientific manner. Built a B2B API-first tech firm, specializing in empowering financial institutions—insurers, brokers, banks, wealth managers, and advisors—with the tools to provide unbiased financial advice and select the most suitable financial products for their clients.

 

The bootstrapped start-up currently fuels several prominent players to engage better with end customers, sell more products per customer, and shorten the sales cycle while selling right!

Why InsurTechs Are Not Easy, Yet Why InsurTechs Should Be Excited

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