Lewis & Ellis Inc.
TERRY M. LONG, FSA, MAAA

TERRY M. LONG, FSA, MAAA

Senior Vice President & Principal
Consulting Actuary, Kansas City
TLong@LewisEllis.com
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As a Senior Vice President and Principal in the Kansas City office, Terry provides a broad range of actuarial knowledge to his clients. With more than 35 years in the life insurance company and consulting environment, his experience ranges from the traditional actuarial activities such as product development, reinsurance, statutory valuation, modeling and cash flow testing to more non-traditional activities such as regulatory consulting and expert testimony. Terry started the Kansas City office’s regulatory practice in the late 1980’s by providing the actuarial reviews in connection with the Michigan Insurance Bureau’s triennial examinations. Today, that practice has grown to include a number of state insurance departments who rely on L&E to provide them with professional actuarial advice. For the past 15 years, Terry has provided actuarial valuations in connection with class action settlements as well as provided expert testimony in other insurance-related cases. Both regulatory consulting and expert testimony require strong communication skills with non-actuaries. Since beginning his career as an actuarial student with a professional reinsurer, many of his work-related activities have been with non-actuaries. In his role as an expert witness, many of those in his audience have little or no insurance knowledge. His ability to communicate actuarial and technical issues to non-actuaries and others without insurance knowledge is one of Terry’s strengths.  Over the past decade, Terry has been a frequent speaker at industry meetings and has been an active volunteer with the Society of Actuaries. In addition to being an FSA and MAAA, he is an Associate Member of the Society of Financial Examiners.

Upcoming/Recent Professional Activities

 

7/2014
Making A Difference - Featured in the SOA News Today July 2014 Issue 2
Terry Long was quoted in the "SOA 2013 Year In Review" on his volunteer experiences.
“My volunteer ‘career’ started over 10 years ago when I was elected to the Smaller
Insurance Company Section Council. Since then I have been relatively active to very
active. Volunteering has been a fantastic avenue for meeting people. I have had the
opportunity to meet and work with many people I would not have otherwise met. It is also
a confidence and skill builder. Volunteer activities can be as large or as small as you like,
from serving on a program committee to being a Friend of a section council
to presenting at a meeting. My advice is to just do something.”
—TERRY LONG, FSA, MAAA

5/2014
Gave a presentation on Session 75 - Risk Management and Governance of New Product Development with Chuck Bremer, FSA, MAAA of Nationwide Financial and Jason Hiquet, FSA, CERA of Deloitte Consulting at the 2014 Life and Annuity Symposium which was held in Atlanta, GA.

10/2013
Moderator and facilitator at the SOA 2013 Annual Meeting & Exhibit's Session 129 Buzz Group:  Current Topics Impacting the Smaller Insurance Company in San Diego, CA on October 21-23.  Discussion will range from the impact of the existing economic situation to the state of regulation.

5/2013
Program Committee Chair for the SOA's 2013 Life & Annuity Symposium which was held in Toronto. Terry was also the moderator for the Closing General Session (Session 95) which was on "Issues and Trends Facing the Insurance Market:  A Discussion with Industry Leaders".

4/2013
Speaker at Session 2.1 on "The Challenge of Today’s Low Interest Environment" with Mark Whitford, FSA, CERA, MAAA, of Franklin Templeton at the SOA 2013 Life Insurance Conference held in New Orleans.

10/2012
Speaker at the 2012 ACORD Implementation Forum's Innovation and Compliance session in Ft. Lauderdale, Florida on October 23.  Implementers gained new perspectives and insights into the intersection of compliance and products during this session.

10/2012
Was a panelist at the SOA 2012 Annual Meeting & Exhibit's Session 104 WS - Low Interest Rates: Financial and Product Implications in National Harbor, MD on October 16.  This workshop addressed the impact of low interest rates.

9/2012
Facilitator at the 2012 Valuation Actuary Symposium's Session 58 OF - Smaller Insurance Company Chief and Corporate Actuaries Forum in Los Angeles.  This popular forum, now in its tenth year, has a unique format and focus on issues faced by actuaries in leadership positions at smaller insurance companies.

8/1012
Gave a presentation on Low Interest Rate Environment with Don Walker of Farm Bureau Life Insurance Company of Michigan at the 27th Annual Farm Bureau Actuarial Conference which was held in San Antonio. 

5/2012
Served as Program Committee Chair for the SOA's 2012 Life & Annuity Symposium which was held in Los Angeles. Terry was also a presenter for Session 69: The Challenge of Low Interest Rates and a moderator in the Closing General Session - The International Regulatory Landscape.

3/2012
Spoke on Valuation, Products and Product Management in a Low Interest Rate Environment at the Chicago Actuarial Association's Annual March Workshops Meeting in Chicago.

9/2011
Was part of a panel discussion on "Product Innovation - Creating and Managing Innovative Product Development" with John Palmer of First Consulting and Administration and Ralph Spaulding of Hinman Straub P.C. at the Association of Insurance Compliance Professionals (AICP) Annual Conference's Session 21 - Fostering an Innovative Environment in Orlando.

9/2010
Facilitator at the 2010 Valuation Actuary Symposium's Session 49 IF - Smaller Insurance Company Chief and Corporate Actuaries Forum in Chicago. This popular forum, in its eighth year, has a unique format and focus on issues faced by actuaries in leadership positions at smaller insurance companies.

5/2009
Facilitator at the SOA 2009 Life Spring Meeting's Buzz Group Session 46BG - Hot Topics in Smaller Insurance Companies in Denver, CO.

9/2006
Facilitator at the Valuation Actuary Symposium's Smaller Company Chief Actuaries Forum in Scottsdale, AZ.

5/2006
Presented at the SOA 2006 Life Spring Meeting in Hollywood, FL. Terry led a discussion on the surivival of small insurance companies at the "Hot Topics in Smaller Insurance Companies" buzz group.

11/2005
Presented at the 2005 SOA Annual Meeting in New York City. Terry spoke at the Smaller Insurance Company Section Continental Breakfast (Session 116).

2004-2005
Served as Chairperson of the Society of Actuaries Smaller Insurance Company Section Council.

Fall of 2003-2006
Served on the Society of Actuaries Smaller Insurance Company Section Council.

Articles Published

Presentations