Blake Hill, FCIA(2006)
Director candidate
Primary practice area: Life and health insurance
Secondary practice area: Health and living benefits
Employer: dacadoo
Province: Ontario
CIA Legacy Award: Award of Honour (2016)
Position statement
I am a results-oriented executive with 25 years of experience driving strategic growth and business management within the insurance and health industry. I have worked for both large and small companies within the industry, across many lines of business and across a wide variety of functions, including valuation, pricing, strategy, marketing, and business development. I am a significant supporter of the actuarial profession through years of volunteering, from early volunteering with the Practice Education Course (disbanded) Organizing Committee soon after I obtained my FCIA in 2006. I have been a member and Chair of both the Subcommittee on Individual Life Experience and the Subcommittee on Living Benefits Experience. I was a member of the task force that produced the Big data and risk classification – Understanding the actuarial and social issues policy statement in July 2022. I have been a member of several Society of Actuaries (SOA) committees, including Product Development Section and InsurTech, and chair of the SOA Entrepreneurial and Innovation as well as the Actuarial Innovation and Technology Research committees. My volunteering has been recognized with the Award of Honour by the CIA in 2016 and Outstanding Volunteer of the Year by the SOA in 2021.
In my role as Vice-President, North America Market Development and Growth at Dacadoo, I continue to advance the actuarial profession and insurance industry with leading-edge product development, use of artificial intelligence in practical insurance applications and integration of behavioural economics in the insurance customer experience. Previously I led an innovative digital health experience program in the marketing and strategy departments of a major insurer, in addition to earlier roles including head of retail pricing (wealth and insurance), head of individual insurance pricing, head of savings and retirement, head of group savings and retirement pricing, and other roles in corporate finance and valuation.
My interest in becoming a Director of the CIA is to continue to build upon the legacy of the actuary as a critical human-capital resource across functions and industries. I have seen firsthand the power actuarial training has in improving the public well-being (through the many consumers of actuarial work, from shareholders to insureds) in a variety of roles and functions across industries. I have described the role of the actuary as a bridge that supports technical to business, risk to opportunity, past to future via our ability to understand risks, find solutions and, most importantly, effectively communicate these to a wide range of audiences. I have used these skills and this mindset for success in traditional actuarial roles, including product development and launch, and in areas such as strategy and marketing. I will prioritize advancing the actuarial profession, driving the actuarial innovation mindset and supporting education, and ensuring the CIA’s continued influence in the areas of risk management and innovation.
2016-23 – Single Topic Task Force on Big Data and Risk Classification
2012-15 – Research Committee
- 2013-15 – Individual Life Experience Subcommittee
- 2012-13 – Living Benefits Experience Subcommittee
2012-13 – PEC Organizing Committee – Finance and Investment Track
2019-12 – Education and Examinations Committee – Finance and Investment Subcommittee
What do you think of the effectiveness and importance of the CIA in its core functions?
I believe the primary goal of the CIA is providing actuarial education through a credentialing and education system that meets the unique needs of the Canadian marketplace. I believe a balance is needed between a Canadian-specific education system, which I believe is necessary to ensure Canadian standards and market needs are met, and international collaboration with actuarial associations (e.g., SOA, Institute and Faculty of Actuaries) to ensure effective use of the Institute’s limited volunteer resources and leverage best-in-class education relevant to FCIAs. I believe the effectiveness of the CIA in this area continues to evolve as recent education changes by the Institute require feedback to continually improve.
The secondary goal of the CIA is to support a strong and well-functioning insurance and retirement system in Canada. To achieve this, it is important to have relevant and robust research to inform regulators and governing institutions, to inform participants in the systems (i.e., insurers, pension plans), and to collaborate on identifying risks and impact from changes in regulations. I believe these are areas in which the CIA has been extremely effective recently, and I look to support their continuation.