Dave Raszeja

Assistant Vice President, Chief Ethics and Risk Officer
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Dave Raszeja

As Chief Ethics and Risk Officer, Dave is responsible for the oversight of corporate ethic program as well as oversight of risk practices. He blogs about the close, reinforcing relationship between business ethics and business risk.

In his role as chief ethics officer, Dave leads a team dedicated to ensuring an effective ethics program, which is a cornerstone of Penn Mutual’s culture. This includes establishing ownership of many of Penn Mutual’s corporate policies, leader education, and measurement of the program’s effectiveness. Dave 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 Dave’s role as the chief risk officer, he 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 Penn Mutual’s 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. Dave is also responsible for developing Penn Mutual’s response to external regulatory requirements including the emerging Own Risk Solvency Assessment (ORSA) requirement.

Dave has over 13 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. Dave is a fellow of the Society of Actuaries and a member of the American Academy of Actuaries.

Stories by Dave Raszeja

Insurance Ratings: What Consumers and Policyholders Should Know

By Dave Raszeja | March 15, 2017

A.M. Best, a major insurance rating agency, affirmed Penn Mutual’s A+ ranking on March 8. The annual rating is a reflection of our mutuality and financial strength, and we are proud to have achieved a ranking of A or higher for the past 89 years. Here’s what this means for our policyholders and everyday consumers.

An Outside Perspective on Penn Mutual’s Values and Guiding Principles

By Dave Raszeja | December 19, 2014

Recently, Citigroup whistleblower and well-known public speaker, Richard Bowen, appeared at one of our events.

Why Penn Mutual Combines Ethics and Risk Management Together

By Dave Raszeja | December 2, 2014

My job title is a strange one: Chief Ethics and Risk Officer. I don’t know of anyone else with this title, combining ethics and risk management together, but I think it makes sense on many levels. It certainly fits the way we work here at Penn Mutual perfectly.