SOX CONTROLS AND RISK FOCUSED EXAMINATIONS
This article, written by Leon Langlitz, FSA, MAAA of our Kansas City office, has been published in September 2015 Issue of Small Talk. For an actuary working in a publicly traded company this generally means the risk focused examination will review any SOX controls that have been established.
INTRODUCING THE REPRESENTATIVE SCENARIOS METHOD (RSM) - PART 1
BY MARK BIRDSALL
This article, written by Mark Birdsall, FSA, MAAA of our Kansas City office, and Steve Strommen, FSA, CERA, MAAA, owner of Blufftop LLC has been published in September 2015 Issue of Small Talk. This article is the first of two articles to address the representative scenarios method (RSM).
DYNAMIC ASSUMPTION-SETTING FOR VARIABLE AND NON-VARIABLE ANNUITIES
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 2015 Issue of The Financial Reporter. This article is the first of a three-part discussion that proposes an approach to develop dynamic assumptions using a combination of available experience data and simple predictive modeling techniques.
Scott Morrow gave a presentation on the Qualified Longevity Annuity Contracts - "Just what the heck are they?" as part of a panel at the AICP 28th Annual Conference in New Orleans, LA.
We are pleased to announce that Kathryn R. Koch, ACAS, MAAA has joined the L&E Kansas City office where she specializes in property & casualty insurance pricing. Katie formerly worked as the Property & Casualty Actuary at the Indiana Department of Insurance. Prior to that she had actuarial experience working at property & casualty insurers as well as in a consulting environment. Katie has a breadth of experience in pricing and regulatory matters and has been a speaker at Casualty Actuary Society seminars. She is an Associate of the Casualty Actuary Society and a Member of the American Academy of Actuaries. Katie graduated with a Bachelor of Science degree in Actuarial Science from The Ohio State University in Columbus, Ohio.
We are pleased to announce that William J. Gorski, FSA, has joined the L&E Kansas City office to which he brings a broad range of US and international experience in life insurance. Bill most recently worked as a consulting actuary with Deloitte Consulting in Zürich, Switzerland. Prior to that he worked in the insurance industry with ING, including 3½ years with ING’s affiliate in Sydney, Australia. Overall, Bill has more than 20 years of life insurance experience, including product development and pricing, financial reporting and budgeting, economic capital valuation, Solvency II calculations, financial modeling, software development and risk management. He is a Fellow of the Society of Actuaries. Bill received Bachelor degrees in both Mathematics and Computer Science at Marquette University in Milwaukee, WI.
We are pleased to announce that Andrea Huckaba, ASA, CERA, MAAA has joined the L&E Kansas City office where she specializes in health and enterprise risk management. Andrea previously worked as a Senior Actuarial Analyst at Blue Cross and Blue Shield of Kansas. Andrea has five years of experience in the health industry. She is an Associate of the Society of Actuaries, a Chartered Enterprise Risk Analyst and a member of the American Academy of Actuaries. Andrea received her Bachelor of Science in Mathematics from Kansas State University.
We are pleased to announce that Mark W. Birdsall, FSA, MAAA, MBA has joined the L&E Kansas City office. Mark formerly worked as Chief Actuary at the Kansas Insurance Department. Prior to that he had worked for several life insurance companies, including roles as Chief Actuary, Appointed Actuary, and Illustration Actuary. Mark has a breadth of experience in both pricing and valuation matters and has served recently on several NAIC working groups pertaining to actuarial reserves and risk-based capital. He is a Fellow of the Society of Actuaries and a Member of the American Academy of Actuaries. Mark received both his Bachelor of Science degree in Mathematics and Master of Business Administration degree from Brigham Young University in Provo, Utah.
We are pleased to announce that Stephanie T. Crownhart, FSA, has joined the L&E Kansas City office where she specializes in life and reinsurance pricing. Stephanie previously worked as a Pricing Actuary at SCOR Global Life USA Reinsurance Company. Stephanie has six years of experience in the life and reinsurance industries. She is a Fellow of the Society of Actuaries and a member of the American Academy of Actuaries. Stephanie received her Bachelor of Science in Actuarial Mathematics from the University of Central Missouri.
We are pleased to announce that Naomi J. Kloeppersmith (formerly Naomi J. Smith), FSA, has joined the L&E Kansas City office where she specializes in life and reinsurance products. Naomi previously worked as a Pricing Actuary at SCOR Global Life USA Reinsurance Company. Naomi has 10 years of experience in the life and reinsurance industries. She is a Fellow of the Society of Actuaries and a member of the American Academy of Actuaries. Naomi received her Master of Arts and Bachelor of Science in Mathematics from the University of Kansas.
We are pleased to announce that Jeffrey D. Lee, ASA, has joined the L&E Kansas City office where he specializes in life and reinsurance pricing. Jeff formerly worked as Senior Associate Actuary at SCOR Global Life USA Reinsurance Company. Prior to that he worked in the consulting industry. Jeff has over 20 years of life, health and reinsurance experience including pricing, software conversion, valuation, and financial reporting. He is an Associate of the Society of Actuaries. Jeff received his Bachelor of Science in Architectural Engineering from the University of Colorado.
Tom L. Handley and Roger K. Annin have retired from the L&E Kansas City office as of December 31, 2014 and April 15, 2015 respectively. They will still be doing some work for L&E as Of Counsel. We will miss their expertise but we have other experienced actuaries who will seamlessly take over their clients. Please join us in wishing them both a happy and relaxing retirement!
We are pleased to announce that Mark P. Stukowski, FSA, has joined the L&E Kansas City office where he specializes in life and annuity consulting. Mark formerly worked as Senior Consulting Actuary at Actuarial Resources Corporation (ARC). He has over 18 years of life and annuity experience including actuarial modeling, pricing, valuation, system conversion financial reporting and M&A. He is a Fellow of the Society of Actuaries. Mark received his Bachelor of Science in Actuarial Science from the Pennsylvania State University.
Allen, Texas. (Jan. 16, 2015) -- For yet another year, Lewis & Ellis was hailed by Best's Review Magazine as being one of the best actuarial firms in the U.S. and Canada across three different categories, showing just how strong and diverse the company's reach in the field is growing.
As a result of the ACA, both health insurers and consumers have faced many challenges. This article, written by David Dillon, FSA, and Joshua Hammerquist, ASA, addresses how the voluntary insurance market has been utilized to tackle these challenges. It was published in the January 2015 Issue of Society of Actuaries Health Watch.
We are pleased to announce that Michael A. Brown, FSA, MAAA, has joined the L&E Kansas City office where he specializes in managed health care. Mike formerly worked as Managing Director at Miller & Newberg Consulting Actuaries. Prior to that he was a Manager of Actuarial Services at Conventry Health Care. In those roles, Mike provided a vast array of actuarial expertise to health clients and customers. He is a Fellow of the Society of Actuaries and a Member of the American Academy of Actuaries. Mike received his Masters of Science in Applied Mathematics from the University of Missouri in Columbia.
Scott Morrow gave a presentation on Session 168 – Mortality Table Update on the 2014 VBT/CSO with Mary Bahna-Nolan, FSA, CERA, MAAA of Legal & General America and Dieter Gaubatz, FSA, FCIA, MAAA of Munich American Reassurance at the 2014 SOA Annual Meeting held in Orlando, FL.
Steven D. Bryson, FSA, FCA, MAAA, EA, of our Allen Texas office, was elected this summer to serve a three-year term as council member of the Social Insurance and Public Finance section of the Society of Actuaries. His term will begin effective with the start of the Society’s annual meeting this October. Steve has been a “friend” of the council for the past several months, and is actively engaged in promoting research for public sector employee benefit programs. For more information about this section and its publications and activities, please go to https://www.soa.org/professional-interests/social-ins/default.aspx.
Terry Long, FSA, MAAA, of our Kansas City office, is the moderator for “Session 52PD: Hot Topics in Asset Adequacy Analysis” on October 27, 2014 at the SOA 2014 Annual Meeting & Exhibit which will be held in Orlando, FL. In 2013 the American Academy of Actuaries initiated the effort to update the Asset Adequacy Practice Note last revised in 2004. This session will provide an overview of the revised note and highlight key areas where actuarial practice has changed over the decade. In addition, presenters will discuss other new asset adequacy analysis issues.
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
Terry Long of L&E 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.
We are pleased to announce our Dallas office has moved to a new location:
Lewis & Ellis, Inc.
700 Central Expressway South
Allen, Texas 75013-8098
Telephone Number: (972) 850-0850
Fax Number: (972) 850-0851
All mail and deliveries should be directed to this new address.
Dallas telephone numbers, extensions, fax numbers, and e-mail addresses remain the same.
This new office will enable the Dallas location to accommodate its clients more effectively and efficiently.
Own Risk and Solvency Assessment (ORSA) and Enterprise Risk Management (ERM) Free WebinarSponsored by First Consulting & Administration, Inc. and Lewis & Ellis, Inc.
April 17, 2014 at 11:00am-12:30pm CDT, Jill Humes and Leon Langlitz of L&E will be joining Carol Stern of First Consulting to discuss key elements of an ERM framework and
requirements of the ORSA Model Law.
To register for this free webinar follow the link and sign up:
This article, written by Chris Davis, FSA, has been published in October 2013 Issue of Product Matters!, of the Product Development Section. The purpose of this article is to alert the reader to a potential danger in using predictive models as part of the underwriting process.