Member Think Tank: How Your Actuary Can Help Beyond Reserving & Funding

May 27, 2025

About This Session

The meeting focused on a VCA 2025 second-quarter member think tank discussion led by Milliman actuaries Amy Angel and Craig Brophy, exploring how actuaries can assist beyond traditional roles in captive insurance programs. The group discussed various timely topics including tariffs, inflation impacts, mergers and acquisitions, AI technology, and parametric insurance coverage, with extensive dialogue about risk management strategies and forecasting methods. The conversation ended with positive feedback on the discussion format and future planning, including decisions about virtual meeting camera usage and upcoming conference announcements.

What You'll Learn

  • How actuaries can expand their role beyond traditional captive functions
  • Impact of tariffs on captive insurance programs
  • Inflation considerations for captive risk management
  • Actuarial considerations in mergers and acquisitions
  • AI technology applications in captive insurance
  • Parametric insurance coverage options and benefits
  • Advanced risk management strategies
  • Modern forecasting methods for captives
  • Emerging trends in actuarial practice

Resources

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Who Should Watch

  • Captive Owners
  • Prospective Captive Owners
  • Risk Managers
  • Actuaries and actuarial professionals
  • Captive managers and administrators
  • Insurance executives planning M&A activities
  • Financial professionals involved in captive structures
  • Anyone interested in emerging actuarial applications in captives
  • Speakers

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    Amy Angell
    Principal & Consulting

    Amy is a Principal and Consulting Actuary with Milliman, Inc. She provides strategic consulting with respect to the formation, ongoing operation and valuation of alternative risk financing vehicles, including self-insurers, captive insurance companies, risk pools and risk retention groups. Her areas of expertise include casualty insurance pricing and loss reserving, financial modeling and capital evaluation, and management reporting and benchmarking. Areas of insurance covered include workers’ compensation, general liability, products liability, auto liability, employment practices liability, asbestos liability and professional liability. Amy also reviews captive and risk retention group applications for the Vermont Department of Financial Regulation. She is a Fellow of the Casualty Actuarial Society and a Member of the American Academy of Actuaries. She is also a Member of the Casualty Practice Council and the Council on Professionalism of the American Academy of Actuaries.

    Craig Brophy
    Principal & Consulting

    Craig Brophy is a Principal of Milliman, a Fellow of the Casualty Actuarial Society, and a Member of the American Academy of Actuaries with over 20 years of experience in property and casualty insurance.  Craig’s consulting experience includes loss reserving, ratemaking, and data analysis.  He works with clients that include multi-line property and casualty insurers, captives, self-insurers, risk retention groups, reinsurance pools, and state insurance departments.  During his career, he has assisted with the actuarial portion of the captive feasibility process and ongoing actuarial work for a number of companies in various domiciles, both in the United States and abroad.