Iva Yuan Appointed as Chief Actuary at ICW Group Insurance Companies

Iva Yuan Promoted to Chief Actuary in ICW Group

In a significant leadership transition at ICW Group Insurance Companies, Iva Yuan has officially been promoted to the position of Chief Actuary, where she will also oversee Reserving, Pricing, and Product Development. This announcement, made on August 7, 2025, highlights ICW's positive trajectory and commitment to enhancing its product offerings.

Iva Yuan's role is pivotal as she will lead the charge in refining the company's actuarial strategies, focusing on the development of a broad multi-line product initiative that aims to meet the evolving demands of the insurance market. Her promotion reflects the confidence that ICW Group's Board of Directors has in her ability to steer the company through the complexities of the insurance landscape, ensuring robust financial stability and regulatory compliance.

In her new position, Iva Yuan will not only be responsible for shaping the practices surrounding product development, pricing, and reserving but will also fulfill the critical role of Appointed Actuary at ICW Group. This position was established to facilitate a clear understanding and management of actuarial risks while bolstering the overall business strategy regarding diversification and growth. As she embarks on this new journey, Iva will collaborate closely with Richard Manship, the Chief Actuary who manages Rating Analytics, producing a unified actuarial approach that strengthens the company’s core capabilities.

Mark Moitoso, President of ICW Group, praised Yuan's extensive experience, saying, "Iva's deep actuarial knowledge and compassionate leadership style have proven to be essential to ICW Group's success. Her vision and expertise will be central as we expand our product offerings and enhance our value to customers, agents, brokers, and an ever-evolving marketplace." This endorsement highlights the high expectations placed on Iva and the strategic importance of her role as the company aims to fortify its position in the sector.

With over 24 years of extensive experience in the property and casualty insurance sector, Iva Yuan is no stranger to the challenges and opportunities inherent in this industry. Before her recent promotion, she held the title of Senior Vice President of Product and Actuarial since 2020 and was initially recruited as the Vice President of Product and Pricing. Yuan's extensive experience across various insurance product lines has made her an invaluable asset to ICW Group, significantly contributing to the company's impressive growth trajectory.

"I'm honored to serve as Chief Actuary for ICW Group and excited to lead and support our company's growth journey," said Yuan upon her promotion. She also expressed her gratitude towards her peers, acknowledging the incredible partnership and camaraderie she has experienced within the organization. Yuan’s statement reflects a strong commitment to collaboration, a vital aspect for achieving the shared goal of securing the success and stability of ICW Group.

As ICW Group Insurance Companies continues to expand its services, Iva Yuan’s leadership is expected to play a major role in delivering innovative solutions and better experiences for their policyholders. The company is renowned for its commitment to providing comprehensive coverage, proudly representing a collection of carriers including Insurance Company of the West, Explorer Insurance Company, and VerTerra Insurance.

To learn more about ICW Group and its commitment to excellence in the insurance industry, visit www.icwgroup.com.

With Iva Yuan at the helm of their actuarial strategy, ICW Group looks poised to navigate the future of insurance effectively, enhancing operational capabilities and offering enhanced value to its valued partners and clientele.