Stephan Otzen is founder and Managing Partner of Wort & Zahl Unternehmensberatung, a Hamburg (Germany) based actuarial consulting firm focussed on actuarial accounting and valuation. He held the 2016 “Understanding IFRS 4, Phase II” Seminars.
Stephan has more than 15 years of experience with implementing and auditing of new accounting standards. He began his career at a Big 4 Audit Firm, where he supported various insurance groups with implementing IFRS. Since 2010, he is working as an independent consultant; among his major projects was an IFRS 4, Phase II impact study for a composite insurance group. He has held numerous internal workshops on the topic for both Board / Executive Management level and practitioners on a hands-on basis.
Stephan is a member of the Accounting Group of the Association of Swiss Actuaries (SAV) and member of the IFRS Working Group for health insurance of the German Actuarial Association (DAV). He has held various public presentations on IFRS 4, Phase II on actuarial conferences. He also advised senior staff in a regulatory body regarding the financial statements of insurance companies.