News

Look for L&E at these upcoming Industry Meetings:

• Life Insurance Settlement Association (LISA) 14th Annual Spring Conference (May 14-16 in Washington, DC): Scott Gibson
• SOA 2008 Health Spring Meeting (May 28-30 in Los Angeles): Bonnie Albritton, Cabe Chadick (speaker) and Dave Dillon (speaker)
• Insurance Accounting & Systems Association (IASA) 2008 Annual Conference (June 1-4 in Seattle): Mike Mayberry and Greg Wilson
• American Academy of Actuaries PBA seminar (June 9-20 in Orlando): Mike Mayberry
• AHIP Institute 2008 (June 18-20 in San Francisco): Martin Gibson and Wood McDonald
• Society of Financial Examiners (SOFE) Annual Meeting (August 3-6 in Nashville): Mike Mayberry (speaker)
• SOA Valuation Actuary Symposium (September 25-26 in Washington DC): Gary Rose
• NORACS Fall Meeting (October 8-10 in Hartford, CT): Glenn Tobleman
• SOA 08 Annual Meeting & Exhibit (October 19-22 in Orlando): Leon Langlitz
• Annual Meeting of the Conference of Consulting Actuaries (October 26-29 in Bonita Springs, FL): Cabe Chadick (speaker) and Steve Bryson (speaker and member of the program committee)

Lewis & Ellis, Inc. is pleased to announce the opening of our new Phoenix office. This office is headed by Martin Gibson who brings more than 25 years of diverse healthcare actuarial and managerial experience to L&E clients. Martin specializes in Medicaid and Medicare managed care and has assisted clients with a broad variety of services ranging from IBNR reserve development to HMO development. The Phoenix office will specialize in Health and Employer Support.

Cabe Chadick, FSA, MAAA, and Dave Dillon, FSA, MAAA, will speak at the SOA 2008 Health Spring Meeting in May. Cabe will speak on "So Many Choices, So Little Time: Optimal Use of IBNR Methods for Health Actuaries" at Session 35. Dave will speak on "How has the Landscape for Healthcare Reform Changed for this Political Cycle?" at Session 41.

Mike Mayberry, FSA, MAAA, will speak on Principles based reserves at the Society of Financial Examiners (SOFE) Annual Meeting in August.

Lewis & Ellis, Inc. is proud to announce that it can now partner with First Consulting & Administration, Inc. on behalf of Property & Casualty Companies.

If a Property & Casualty Company has a need for assistance with regulatory and compliance matters, we can partner with the experienced professionals of First Consulting & Administration. Located in downtown Kansas City, Missouri, First Consulting & Administration has provided Regulatory and Compliance assistance to the insurance industry since 1969. We can structure the partnering in whatever manner is best suited for your Company and the individual project.

L&E has had its GSA Schedule Contract Number GS-23F-0083N under Schedule Number 520 - Financial and Business Solutions extended by the GSA for another five year period. Our service area is actuarial services. The contract award period is from Dec. 12, 2007 through Dec. 11, 2012. Interested parties can check out our GSA Advantage Contractor Catalog.

Lewis & Ellis, Inc. is pleased to announce the opening of our new London office. This office, operating under the name "Lewis & Ellis UK Limited", will provide support to companies and funds examining the Senior Life Settlement market. Roger Annin, Tim DeMars and Scott Morrow of the Kansas City office have relocated to London. Their initial focus is to provide expertise on the US Life Settlement market to our many overseas clients. They can be reached as follows:

Roger Annin:
Tim DeMars:
Scott Morrow:

011-44-20-3180-5842
011-44-20-3180-3022
011-44-20-3180-3023

Leon Langlitz, FSA, MAAA, has been elected to the Society of Actuaries' Smaller Insurance Company Section Council for a three year term beginning in October 2006.

Chris Davis, FSA, MAAA, wrote an article, “A Better Random Number Generator (2006)”, which was published in the June 2006 issue of "Small Talk" (SOA Smaller Insurance Company Section Newsletter). The article discusses the choice of a Random Number Generator in stochastic testing and the advantages of the Mersenne Twister. Click here for a complete version of Chris' article.

Roger Annin, FSA, FIA, MAAA, has been appointed Chair of the Life Insurers Council (LIC) Actuarial Committee.

Scott Gibson, FSA, MAAA, has been named to the Board of Directors of the Life Insurance Settlement Association (LISA).

The Society of Actuaries (SOA) is sponsoring a study of the mortality experience for PreNeed Life Insurance. PreNeed business is written through funeral homes for the purpose of funding pre-planned funeral arrangements. The study will be directed by a Project Oversight Group (POG) consisting of about 10 SOA members with expertise in the PreNeed market. Roger Annin, FSA, FIA, MAAA, has been appointed Chairman of the POG. An objective of the committee is to develop a potential valuation table for PreNeed business.

Roger Annin, FSA, MAAA, wrote an article, “Does It Seem to You that Valuation Mortality Tables Don't Last as Long Anymore?”, which was published in the November 2005 issue of "Small Talk" (SOA Small Insurance Company Section Newsletter). The article discusses current valuation issues involving principle based reserves and the development of Preferred Risk Valuation Mortality Tables. Click here for a complete version of Roger's article.

Roger Annin, FSA, FIA, MAAA, is participating on the Society of Actuaries Preferred Mortality Study Task Force. The purpose of this work is to quickly produce a report on preferred and residual standard mortality from existing mortality data.

Roger Annin, FSA, MAAA, wrote a review of the recent study on Life Settlements, published by Deloitte and the University of Connecticut. Roger's review has been printed in "Street Talk", a quarterly newsletter published by Maple Life Financial Inc. Click here for a complete version of Roger's article.