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AIG Europe Ltd.
Sima Ruparelia, chief actuary at AIG Europe Ltd., a unit of American International Group Inc., and a member of AIG’s senior finance leadership team, says that her favorite part of her job is working with a team of talented, well-qualified people.
“I love people,” she says. “I also love the variety of my role. It has a good mix, looking at underwriting, prudential matters, strategy” and being part of a leadership team.
After a degree in mathematics and a foray into life insurance, Ms. Ruparelia embarked on a career in property/casualty insurance — a career she loves. “I truly believe in the value of insurance, and how it benefits society,” she said. “I like the fact that we are there when people need us, and it gives me great satisfaction to be part of that.” Ms. Ruparelia is proud to have risen to a senior position and overcome some of the obstacles that she faced as an Asian woman.
She also has played an important role in helping the actuarial function to be seen as strategic rather than back-office, and has helped improve underwriting results.
Diversity is close to Ms. Ruparelia’s heart. Her own team has a 50/50 gender split and encompasses a wide range of ethnic minorities, she said. She is an executive sponsor of AIG’s employee resource group Showcasing How Inclusion Nurtures Excellence, or SHINE. This multicultural, multifaith network aims to widen the collective appreciation and understanding of cultural diversity within society, she said.
Ms. Ruparelia also speaks on panels at women’s industry events and enjoys mentoring female actuaries.
Anthony Baldwin, CEO of AIG UK in London, said Ms. Ruparelia had made a big impact and demonstrated strong leadership in relatively short time. “She has made a robust contribution to our business, in particular providing greater insight to leaders throughout the organization,” he said.
A keen theater-goer, Ms. Ruparelia enjoys the gym, practicing mindfulness and spending time with her family. She also is a voracious reader and writer of fiction.
The Business Insurance Women to Watch Award program is evolving as we continue to celebrate the achievements of outstanding female executives in the insurance and risk management sector.