Mary Bahna-Nolan, FSA, MAAA, CERA
Senior Vice President & Chief Actuary Officer
Pacific Life Insurance Company
University of Michigan
B.S., actuarial mathematics and economics
Ms. Bahna-Nolan is senior vice president and chief actuary officer for Pacific Life where she is responsible for the overall governance and oversight of all actuarially related activities across Pacific Life.
She joined Pacific Life in 2019 as senior vice president and head of product innovation and strategy for the Life Insurance Division, overseeing product design and strategy, underwriting innovation, and data analytics.
Prior to joining Pacific Life, she was most recently executive vice president and head of Life R&D for SCOR Global Life. In that role, she was responsible for building and shaping the company's global strategic direction for research and development activities supporting the interaction of mortality, underwriting, medical research, behavioral research, and business development for life risks. Through her leadership, she built an industry recognized multi-disciplinary team over a three-year period. Accountable for driving key innovation initiatives at SCOR, she oversaw the Plug & Play InsureTech Anchor Partnership and vendor approach, use of big data in risk selection, accelerated and automated underwriting, and helped introduce the use of advanced analytics including machine learning and AI into business processes. She was also responsible for experience analysis including expert judgment for best estimate assumptions for mortality and policyholder behavior risks for a $1.7 trillion inforce block as well as mortality and policyholder-behavior risk calibration for SCOR’s internal model under Solvency II. Ms. Bahna-Nolan was instrumental in developing SCOR’s strategy and purpose-driven culture and was a mentor in SIGN, SCOR’s women’s leadership development program.
Throughout her career, she has served in senior management roles including chief actuary, chief product actuary, and chief risk officer for various domestic and global organizations. She consulted for seven years with PwC, providing audit and advisory services to life insurance and reinsurance clients, focusing on principles-based reporting, enterprise risk management, capital management, mergers and acquisitions, governance, controls, market consistent embedded value, and expense/performance management. In addition, has led strategic and cultural transformation initiatives.
Ms. Bahna-Nolan is a fellow and chartered enterprise risk analyst in the Society of Actuaries and a member of the American Academy of Actuaries. In addition to serving roles on internal corporate boards, she is currently on the board for MIB, served on the boards of the Academy of Actuaries and Society of Actuaries and serves on and/or chairs numerous committees for both organizations. She is also a frequent industry speaker and author of several papers.