7 Questions for CPCU Society International Ambassador Anant Borole

Advancing the mission of the CPCU Society internationally as well as domestically is the charge of this 2016 CPCU designee.
By: | December 5, 2021

The CPCU Society is a global organization with members around the world, and its largest concentration of designees lives and works in the U.S. However, one of the goals of the CPCU Society is to expand its membership internationally as well as domestically.

One way members have worked to grow international recognition of the designation and membership in the CPCU Society is through the annual International Ambassador role. Conferred on one international CPCU annually since 2012, the title is more than a simple honorific.

Every year, the International Ambassador represents the CPCU Society in their home country and dialogues with industry experts and employers to promote the designation. In return, the Ambassador receives a paid admission to In2Risk, the CPCU Society’s annual conference, and publishes an article about their experience in Insights, the CPCU Society’s quarterly publication.

Ambassadors have hailed from Guam, India, Japan, Pakistan, Saudi Arabia, Bermuda, France, South Korea and China. Their professional activities and global reach continue to enrich the CPCU Society.

Candidates for the International Ambassador complete a rigorous application process, answering questions about their role in the risk and insurance industry, their CPCU experience and why they would make a good Ambassador. A team of fellow CPCUs, including past Ambassadors, comprises the judging panel.

Carrying the mantle this year is Anant Borole, CPCU. Borole works as senior manager, product strategy at QOMPLX, Inc., a vendor of a SaaS-based big-data analytics platform for re/insurance and cyber security.

He is a 2016 CPCU designee and currently resides in Great Britain.

CPCU Society International Ambassador Committee co-chair, Denise Brown, CPCU, CIC, commented: “I’m excited to support Anant in his role as the CPCU Society’s 2021 International Ambassador. It’s such a great opportunity to bring the insurance and risk management community together on a global basis, promoting the industry and supporting the mission of the CPCU Society.”

Risk & Insurance sat down with Borole recently to learn more about him and his goals for his ambassadorship.

Risk & Insurance: What is your background and current role?

Anant Borole: I define technical product strategy around QOMPLX’s re/insurance analytics offerings. I work across the organization to detail new market-relevant capabilities and also work with long-term partners on collaboratively building new ecosystems that enhance re/insurance clients’ analytics and risk management capabilities.

QOMPLX is building a SaaS-based big-data analytics platform for re/insurance and a few other industries.

I am a computer engineer and MBA who spent his formative years as a quantitative portfolio analyst/manager for natural catastrophe lines of business at Ironshore and later Ariel Re.

I received my CPCU in June 2016.

R&I: What are your goals as CPCU Society International Ambassador?

AB: One area I intend to work on is bridging the communication gap between (and among) international designees and U.S. designees.

I am exploring highly interactive platform/s (e.g. Clubhouse) that would enable deeper interactions into a few topics of interest to both U.S. and non-U.S. designees

R&I: How can the International Ambassador and the CPCU Society collaborate to grow membership globally?

AB: Another area I would like to explore is looking at co-organizing webinars with underwriting-certification societies in other countries, e.g. CII in the UK and DVA in Germany (among others).

Besides obvious avenues for cross-pollination, members of these societies might find some of the certifications from The Institutes relevant. If the wider CPCU Society-base has any thoughts on this, it would be useful to explore them.

R&I: What benefits do you see of expanding CPCU Society membership internationally?

AB: Insurance has been written globally for centuries — think Lloyd’s and AIG.

Today, it is also “produced” globally, as an inevitable result of the need for specialist technology and analytics, and the diversification of sources of capital.

Related Reading: Everything You Need to Know About Obtaining the ARM Designation

The CPCU Society’s international growth, fundamentally, underpins this growing community of professionals engaged in various specialisms of this “production.”

The CPCU, and related certifications from The Institutes, are globally relevant primers to underwriting practices and ethics. Through its expansion, the Society and its international base can form a feedback loop to insure uniform, high professional standards worldwide.

R&I: How does technology affect your role in your day job and as International Ambassador, and on a broader scale, how do you see technology continuing to affect the insurance and risk management industry?

AB: Technology helps the best ideas be adopted rapidly, wherever they come from.

On a basic level, in this period of global lockdowns, both my day job and CPCU Society participation would not be possible without technology.

On a longer timescale, technology has enabled re/insurers and brokers to respond faster and more comprehensively to the market need.

Beyond just what insurance can offer, it helps improve risk management by facilitating uniform risk mitigation practices worldwide and bringing to bear a wider specialist base (risk engineers, compliance professionals, etc..) to bear on putting in place these practices

R&I: In your opinion, how can the CPCU Society and U.S.-based insurance and risk management professionals better support and work together with international CPCUs?

AB: The CPCU Society is as diverse within the U.S. as it is outside, whether it be members’ spoken languages, experience levels, specialisms, jurisdictions of interest, etc.

In that spirit, I think it is less about “doing” and more about “being.” As the Society expands, just an individual member’s inclination to explore commonalities with that widening base will go a long way in collectively contributing to improving global risk resilience.

R&I: What inspires you?

AB: The prospect of spending another day working towards improving the resilience of all kinds of communities is what gets me out of bed in the morning. Even with everything that has been achieved over the past few centuries, we have a long way to go.

I enjoy working within communities that foster this goal, such as the CPCU Society. As they say (and this may sound clichéd), “If you want to go fast, go alone; but if you want to go far, go together.” &

Risk & Insurance is affiliated with The Institutes.

Abi Potter Clough, MBA, CPCU, is a keynote speaker, author and business consultant focused on Insurtech, leadership and strategy. She has over 15 years of experience at a Fortune 500 company with expertise in P&C claims operational leadership, lean management consulting, digital communications and Insurtech. As the past chair of the International Insurance Interest Group of the CPCU Society, Abi remains involved in many international initiatives and projects. She has published two books about change management and relocation. Abi can be reached at [email protected]

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