Kemi Akinyemi, FSA, MAAA, EA
The presenters will discuss the results from this recently released study, conducted by Risk & Regulatory Consulting, LLC on behalf of the Society of Actuaries, Casualty Actuarial Society, and Canadian Institute of Actuaries. The study examines the causes of insurer insolvency from a broad perspective. Property/Casualty, Life, and Health insurers are analyzed together in order to understand the extent to which risk drivers underlying insolvencies are common across these areas. The goal of the study is to assist actuaries, regulators, and other stakeholders in identifying potential risk drivers related to insolvency.
Kemi Akinyemi’s expertise involves a broad range of Life actuarial services including life and annuity statutory reserve analysis; review of asset adequacy analysis as part of actuarial examinations; and training for insurance departments. She also provides actuarial consulting services to pension and Other Post Employment Benefit (OPEB) plans by assisting in their reviews on behalf of corporations and state and local governments. In this role, she evaluates pension plans and reports on their financial soundness to plan members, sponsors, and Federal regulators.
Prior to joining Risk & Regulatory Consulting, LLC, Kemi was a Senior Associate at Grant Thornton, where she prepared actuarial valuation reports for public sector clients under GASB 45 and GASB 67/68, developed tools to project assets and liabilities for mergers & acquisition feasibility studies and supported audits of pension plans and retiree-health plans, and reviewed withdrawal liability calculations for multi-employer plans. She was also a senior consultant at Deloitte Consulting, where she prepared annual valuation reports, financial disclosures and expense reports for required funding and financial accounting purposes under ASC 715 and ASC 960. Prior to that Kemi worked at Allstate.
Kemi is a Fellow of the Society of Actuaries, a Member of the American Academy of Actuaries, and an Enrolled Actuary and received a Bachelor of Science in Actuarial Science and Mathematics, With Distinction, from the University of Nebraska – Lincoln.
Andrew Chandler is an experienced property & casualty actuary specializing in P&C loss reserving. He provides actuarial support to insurance departments and corporate self-insureds.
Prior to joining RRC, he was a Senior Associate at PricewaterhouseCoopers LLP (PwC). In this role, he managed loss reserve analyses across a large client portfolio, worked directly with the Chief Risk Officer of the actuarial group’s largest client to evaluate their loss reserve adequacy, supervised quarterly analyses from initiation to execution and adhered to strict timelines, managed a team of associates and mentored them on constructing loss triangles, data testing, projecting ultimate losses, and estimating future cash flows, and led year-end engagements to assist clients in meeting SAO regulatory filing requirements.
Andrew is an Associate of the Casualty Actuarial Society and a Member of the American Academy of Actuaries and received a Bachelor of Science in Statistics and mathematics from the University of Michigan.