LEWIS & ELLIS ANNOUNCES CREATION OF THE COMPLIANCE TEAM
In response to the commitment that we have made to help provide professional solutions for the needs of life, health and property & casualty insurance companies, we are excited to announce the creation of the Compliance team, a division of our Kansas City Office. Introducing Vickie Goodman, Assistant Vice President and Director of Compliance, Judy Lucas, Senior Compliance Specialist and Jana Finlay, Senior Compliance Specialist.
Our Compliance team will focus on helping companies to navigate through the multiple rules and regulations for research, drafting and filing across multiple lines of insurance which include, but are not limited to, Dental, Medicare Supplement, Cancer, Accident Only, Disability, Hospital, Critical Illness, Vision, Life and Annuity. They will also help clients manage the changing regulatory landscape by providing a Regulatory Compliance analysis solution to help understand and interpret new laws and regulations applicable to each client's individual business and product portfolio.
New Rules to Expand Association
By Sabrina Corlette, Josh Hammerquist and Pete Nakahata
This article on Association Health Plans describes the regulatory framework for AHPs and attempts to quantify the effects on enrollment and morbidity in the ACA-compliant individual markets.
Tim DeMars FSA, FIA, MAAA, will be a panelist for a session titled "After the Sale: What does it take to maintain a policy?", at the 23rd Annual Fall Life Settlement & Compliance Conference put on by LISA October 15-17, 2017 in Clearwater, Florida.
Lewis & Ellis, Inc. is pleased to announce that Katie Koch has attained her Fellowship with the Casualty Actuarial Society. Katie recently passed her final examination to complete all requirements for this achievement. We congratulate Katie on her hard work and persistence.
Congratulate Josh Hammerquist on being admitted on the first day of June, 2017 as a Fellow of the Society of Actuaries.
Andrea Huckaba has earned her Fellowship in the Society of Actuaries (FSA), as of December 2016.
She joined L&E’s Kansas City office health team in 2015, coming from Blue Cross Blue Shield of Kansas.
Previously, Andrea earned her ASA in 2014 and her CERA (Chartered Enterprise Risk Analyst) in 2015.
Congratulations to Andrea!
Doug Blum comes to Lewis & Ellis with over 20 years of experience in the life insurance industry. He has a diverse background in the areas of pricing and product development, valuation and financial reporting, modeling, and corporate actuarial. Doug has product knowledge in life insurance, annuities, and accident & health insurance. He has also served as illustration actuary and has developed policy forms and submitted state filings.
In his spare time, Doug enjoys spending time with his wife and two girls and biking along the trails in the Denver area.
Adrianne Talbert joined Lewis & Ellis after 12 years of experience working for an insurance company. That position allowed her to develop skills across actuarial disciplines. Her areas of practice have included both life and P&C pricing and product development, statutory valuation for life and annuity products, cash flow testing, experience studies analysis, reinsurance system implementation, and actuarial software conversions. In her free time, Adrianne enjoys working on landscape projects, reading, and spending time with friends and family.
Scott Morrow, FSA,FIA, MAAA, of our Kansas City office presented A Nuts and Bolts Discussion About Combining Life Expectancies at the 23rd Annual Spring Life Settlement Conference of the Life Settlement Association in Austin, Texas.
Mark Birdsall presented slides covering principles related to the draft Actuarial Standard of Practice on Setting Assumptions, during the April, 2017 Professionalism Webinar sponsored by two Society of Actuaries Sections.
Scott Morrow, FSA, FIA, MAAA, of our Kansas City office will be a presenter at the 23rd Annual Spring Life Settlement Conference of the Life Settlement Association in Austin, Texas from May 14-16. Scott Morrow will be presenting "A Nuts and Bolts discussion about combining LEs from different vendors and/or updating (aging) LEs".
Lewis & Ellis (L&E) and LIMRA have established a Final Expense Consortium with five pilot companies to develop experience studies, agent quality scores, customer quality scores, and other measures to assist the companies in evaluating and improving the quality of new business. Dashboard visualizations will distill key information for decision-making and monitoring company progress. Additional companies are being recruited to this consortium and to a separate consortium of companies selling preneed business.
Allen, Texas. (Jan. 15, 2017 ) -- Lewis & Ellis (L&E) was once again recognized by Best's Review Magazine as being one of the leading actuarial firms in the U.S. and Canada across three different categories, showing continued strength, diversity and growth.
IN SYNC _ HEALTHY COLLABORATION: OVERCOMING OBSTACLES TO WORKING TOGETHER
BY MARK BIRDSALL
This article, written by Mark Birdsall, FSA, MAAA of our Kansas City office, has been published in The Actuary Magazine. Thanks to a broad education through the examination process, actuaries are often leaders, formally or informally, in the organizations they serve. As available theory and tools improve, and as laws, regulations and other factors affecting our work change, we must be lifelong learners and continuously update our knowledge and refine our skills. This article discusses a strong trend in organizations that has been enabled by improved software tools: collaboration within organizations and among organizations.
NON-PBR REGULATORY CHANGES
BY LEON LANGLITZ
This article, written by Leon Langlitz, FSA, MAAA of our Kansas City office has been published in September 2016 Issue 46 of Small Talk. With all the emphasis on principle-based reserving (PBR), sometimes it is easy to lose track of other important regulatory changes that need to be monitored.
COMPANY PROFITABILITY AND RISK DASHBOARDS - A TOOL IN THE UNDERSTANDING AND MANAGEMENT OF RISK, PART 1
BY MARK BIRDSALL
This article, written by Mark Birdsall, FSA, MAAA of our Kansas City office, and Marianne Purushotham, FSA, MAAA, of LIMRA has been published in September 2016 Issue 46 of Small Talk. With principle-based reserves (PBR) becoming effective on Jan. 1, 2017, the decisions regarding what to do about implementing PBR at the company level have become more immediate and important.
August 1-2, 2016
Mike Brown presented a study, performed by L&E, to Colorado State Legislators and Stakeholders at the State Capitol in Denver. The study (posted on the Colorado Department website) reviewed: the current ACA rating regions; the impact of moving to one rating region; and the drivers of health care cost in the state. Various news articles have been published regarding the study.
Lewis & Ellis, Inc. is pleased to announce the creation of GLOBACS (Global Actuarial & Consulting Services) as a new international actuarial and consulting brand. Comprising long-established networks, EURACS (European Actuarial & Consulting Services) and NORACS (North American Actuarial & Consulting Services), as well as the recently-formed APACS (Asia Pacific Actuarial & Consulting Services), GLOBACS represents one of the most extensive consulting networks of its kind in the world.