Meet The Principal

Karl G. Volkmar, FSA, MAAA, FCA Consulting Actuary United Health Actuarial Services, Inc. Carmel, IN

Professional Credentials:

• Fellow, Society of Actuaries, 2000
• Member, American Academy of Actuaries, 1989
• Fellow, Conference of Consulting Actuaries, 2005

Society of Actuaries (SOA) Publications:

• "Chairperson's Corner",
  Health Section News, August 2005
• "Chairperson's Corner",
  Health Section News, May 2005
• "Data Quality in Real Life",
  Health Section News, September 2001
• "What No One Ever Told Me About the Rate Filing Process",
  Health Section News, December 2000
• "What the Examination System Doesn't Teach About Health Insurance",
  Health Section News, August 2000

Professional Volunteer Activities:

• SOA Health Section Council
  • Elected Member from 2002-2005
    • Secretary/Treasurer for 2002-2003
    • Vice Chair for 2003-2004
    • Chair for 2004-2005
  • Liaison to the Conference of Consulting Actuaries (2004-2005)
  • Advisor Regarding Worksite Product Issues/Perspectives (2005-2006)
• SOA Long-Term Care Insurance Section Council
  • Elected in 2007
• SOA Health Benefit Systems Seminars Committee — 2003-2004
• SOA Spring Meeting Program Committee
  • Health Section Representative — 2002 & 2003
  • Member-at-Large — 2004
• SOA Annual Meeting Program Committee
  • Vice Chair - 2006
  • Chair - 2007
• SOA Committee on Elections - 2004
• SOA Spring Meeting Moderator and/or Presenter — 2001, 2005 (2 sessions)
• SOA Annual Meeting Moderator and/or Presenter — 2004
• General Cologne Re LTC Forum Speaker — 2003

Recent Experience:

• United Health Actuarial Services, Inc. (3/03 - Present) - Carmel, IN
  Title: President and Consulting Actuary
  • Spun off the health actuarial consulting practice formerly run under United Actuarial Services, Inc. (see below) into a stand-alone corporation.
  • Providing health insurance actuarial consulting services for a wide range of individual and group medical and supplemental products, and health & welfare actuarial and benefits consulting for both insured and self-insured plans.
  • Services provided include those relating to product/plan development and pricing/re-pricing, compliance, experience and financial analysis, expert witness and litigation support, and valuation support.
  • Services provided to a variety of clients, both retainer and project-based. A complete client list is attached.

• TIC International Corporation/United Actuarial Services (12/99 - 2/03) - Carmel, IN
  Title: Consulting Actuary (6/00 - 2/03)
  • Same as summarized in the section above, except that the health insurance actuarial consulting practice was run within the above-referenced firm.
  
  Title: Manager & Consulting Actuary . Health & Welfare Practice (12/99 - 5/00)
  • Responsible for the Health & Welfare benefits consulting practice and the retiree health care valuation practice for the firm.
  • Generated health insurance actuarial work, and especially work relating to LTC/HHC and specified disease products.
  • Significant management responsibilities within the firm.

• Conseco Services, LLC (6/97 - 12/99) - Carmel, IN
  Last Title: Second Vice President
  Health Product Development - All Products
  • Directed the product development, experience analysis and rate increase functions/processes for all Carmel-based health products (primarily LTC/HHC, specified disease, group disability and dental).
  • Supervised 12 actuaries/students.
  • Heavily involved in regulatory, marketing, and implementation issues.
  • Was due to be promoted to Vice President . Health Product Development effective 1/1/2000, but left shortly beforehand.

• Pioneer Life Insurance Company (9/92 - 6/97) - Rockford, IL & Schaumburg, IL
  Last Title: Vice President and Pricing Actuary
  Senior/Brokerage Health Product Development
  • Responsible for the overall profitability of senior health and other brokerage-sold products (primarily Medicare Supplement/Select, LTC/HHC, and CHAMPUS supplement).
  • Heavily involved in development, implementation, marketing and regulatory issues.
  • Directed as many as 15-20 actuarial, administrative, and implementation staff.

Previous Experience:

• Allstate Life Insurance Company - Deerfield, IL
  Title: Senior Actuarial Associate
  Role: Pricing Actuary - Direct Response Division
  Description: Along with a small staff, developed supplemental health products to sell primarily via mail and telemarketing to Sears and Discover credit card holders.

• Bankers Life & Casualty Company - Chicago, IL
  Title: Assistant Actuary
  Role/Description: Served as the major medical product actuary for the first few months and as the inforce rate increase actuary until my departure.

• Milliman & Robertson, Inc. - Chicago, IL
  Title: Associate Actuary
  Role/Description: Worked on a variety of individual health product development, experience analysis, rate increase, and financial reporting projects.

• Nationwide Life Insurance Company - Columbus, OH
  Last Title: Assistant Actuary
  Role/Description: Worked in the individual health area on a variety of product development, experience analysis, rate increase, and financial reporting projects. Through a rotation program, I also worked in the corporate (i.e., cash-flow testing) and group annuity areas of the company.

Education:

• Bachelor of Science, Actuarial Science . December 1985
• University of Illinois - Champaign, IL