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Professional designations
Fellow, Casualty Actuarial Society
Member, American Academy of Actuaries
Current responsibility
Karl is a consulting actuary with the Boston office of Milliman. He joined the firm in 1999. He works primarily for Bermuda-based clients.
Experience
Karl has more than 16 years of industry experience in property and casualty loss reserving, pricing, and financial modeling. He has experience in the evaluation of assets and liabilities for property and casualty insurance and reinsurance companies. He performs regulatory reserve reviews of insurance and reinsurance companies. Karl’s wide range of experience includes international insurance and the London market.
For the past seven years, Karl has worked extensively on property and casualty consulting assignments, with particular emphasis in the Bermuda market. These assignments cover a wide range of areas such as loss reserving, ratemaking, captive planning, feasibility studies, and reinsurance structure analysis. His substantial expertise includes developing models for pricing and reserving for difficult casualty lines, and developing simulation models for analyzing reinsurance structures and actuarial computer systems and applications. His clients include multi-line property and casualty insurers, self-insurers, captive insurers, and reinsurers.
Before joining Milliman, Karl worked extensively in financial modeling and planning, designing and implementing loss-reserving systems and developing sophisticated business planning models. In addition, Karl designed a dynamic financial analysis model that was used for valuing loss portfolio transfers and commutations and for monitoring the performance of a claims department within a top-five U.S. insurer responsible for the run-off of assumed reinsurance liabilities.
Karl was also a profit center actuary for a large property and casualty insurer. He was in charge of providing an actuarial perspective on all facets of insurance operations, including pricing, marketing, underwriting, reserving, and accounting.
Affiliations
Casualty Actuarial Society Dynamic Risk Modeling Committee
Casualty Actuarial Society Forum Committee
Education
MA, Pure Mathematics, Temple University
BS, Mathematics, Millersville University | 