Pierre Saddik, FCIA, FSA

Pierre is the President of Saddik International Actuarial Consulting (www.saddikinternational.com), founded in 2005, specializing in Group Insurance, Travel and Health Insurance, Creditor, Special Risks, both in Canada and internationally.

Prior to establishing his actuarial practice, he held the position of VP Group Development at Optimum Reassurance from 1989 till 2005; and was a major contributor to the establishment of Optimum Re as the leading Canadian group travel reinsurer. Before joining Optimum Re, Pierre worked at Blue Cross, SunLife and Mercer.

Pierre’s Group Insurance expertise includes Life, Health and disability insurance, Expats/Inpats, Critical Illness, Special Risks, Creditor and International reinsurance..  He developed the unique  “Saddik Self-Funding Security Index” (S3I), an innovative, objective risk-measurement tool used by Groups who consider partial self-funding of Group health and dental benefits as an alternative to the traditional fully-insured route.

Saddik International’s corporate client base includes Optimum Reassurance, travel medical concierge companies, air evacuation companies, financial advisors, self-funded plans, multi-employer religious groups, funeral homes and nursing homes.

In his career, Pierre has also worked in collaboration with notables such as Dr Jacques Chaoulli, who pioneered Canada’s health insurance law through his involvement in the 2005 Supreme Court decision as well as with Philippe Couillard, Quebec’s current Prime Minister.

Pierre has also served his actuarial profession and his industry as volunteer. From 1989 to 1999, he championed major Group  intercompany studies: 1989, 1990 and 1991 Group Mortality studies and the first-ever 1987-1994 Canadian Group LTD termination studies. From 1999 to 2003, he chaired on Board of Directors of the Canadian Institute of Actuaries.  As well, he has chaired on various committees of the Canadian Life and Health Insurance Association. Pierre is a graduate of McGill University, is married and has three children.