Yuan to Lead Company’s Product and Actuarial Strategies
SAN DIEGO (June 7, 2023) – ICW Group Insurance Companies, a leading group of property and casualty carriers, announced the promotion of Iva Yuan to Senior Vice President, Product & Actuarial, charged with leading the company’s actuarial and product management practices.
As Senior Vice President, Yuan will focus on enhancing the company’s product lines to deliver competitive offerings that continue to meet the needs of ICW Group policyholders. She will also lead the advancement of ICW Group’s reserving practices.
“Iva’s exceptional contributions and expertise have been instrumental in the growth of ICW Group as a multi-line insurance carrier since she joined our team three years ago,” said John Novak, President & COO, ICW Group. “As the insurance landscape rapidly evolves and we continue to expand our coverage offerings, her deep product and actuarial knowledge will be vital in driving business growth and fulfilling our mission of creating the best insurance experience possible.”
Since joining ICW Group, Yuan has elevated ICW Group’s maturity in its actuarial and product management practices, supporting its core workers’ compensation product line while also collaborating on the newly launched commercial package lines of business. Yuan has more than 20 years of property and casualty insurance industry experience, including serving as Vice President of Product Management and Chief Actuary at the Allstate direct-to-consumer company Esurance before joining ICW Group.
“I’ve enjoyed being a part of such a dynamic team over the past few years as well as playing a role in ICW Group’s rapid growth and delivery of new product lines to marketplace,” said Yuan. “As we continue to offer additional coverages for a range of risks, our product strategy will be at the center to ensure both profitability and customer satisfaction and I look forward to the work ahead in this new role.”
About ICW Group
Based in San Diego, ICW Group Insurance Companies is the largest privately held insurance company domiciled in California. Quoting more than $3 billion annually, ICW Group represents a group of Workers’ Compensation, Assumed Reinsurance, Catastrophe, General Liability and Commercial Property insurance carriers, including Insurance Company of the West and Explorer Insurance Company. ICW Group is recognized nationally as an industry leader in helping policyholders achieve fewer and less costly claims while elevating the trusted agents who advise them. More information is available at Twitter, LinkedIn and Facebook.