As Vice President, Chief Ethics and Risk Officer for Penn Mutual Life Insurance, Dave Raszeja is responsible for the oversight of the corporate ethic program as well as oversight of risk practices. In his role as Chief Ethics Officer, Raszeja leads a team dedicated to ensuring an effective ethics program. This includes establishing ownership of many corporate policies, leader education, and measurement of the program’s effectiveness. Raszeja co-chairs Penn Mutual’s business conduct committee and works with other assurance areas to allow for a more holistic approach to these responsibilities.
In his role as Chief Risk Officer, Raszeja is charged with ensuring proper governance surrounding risk practices, elevating risk awareness, and communication of risk strategy throughout the company. This includes the recommendation of strategies based on new and existing product profiles and adding analytical skills to the existing strong risk management practices as part of the continuous risk management of life and annuity products. Raszeja is also responsible for developing Penn Mutual’s response to external regulatory requirements including the emerging Own Risk Solvency Assessment (ORSA) requirement.
Raszeja has over fourteen years of experience in the life insurance industry, having started with Penn Mutual as an actuarial student and moving to several different areas of the company before being named Chief Risk Officer in 2012 and Chief Ethics Officer in 2014. He is a graduate of Rochester Institute of Technology with a B.S. in applied mathematics and holds an M.S. in mathematics from the State University of New York at Buffalo. Raszeja is a fellow of the Society of Actuaries and a member of the American Academy of Actuaries.