Actuary

Paul Martino, Co-Founder of VillageMD, Joins Parsley Health as Chair of the Board

Retrieved on: 
Wednesday, April 3, 2024
Telemedicine, Virtual Medicine, Alternative Medicine, Managed Care, General Health, Health, Health Technology, Health Insurance, Fitness & Nutrition, TME, Chair, Innovation, Entrepreneurship, Kinnevik AB, Partnership, Patient, Conditional sentence, Chairperson, Columbia, Digital health, MD, Insurance, Actuary, Investment, CDC, Blue Shield, Frontiers, CMO, Nursing

Parsley Health , a digital health company designed to improve health status and lower costs in patients with complex and chronic conditions using root cause medicine, today announced that accomplished healthcare executive, Paul Martino, has been appointed as Chair of the Board.

Key Points: 
  • Parsley Health , a digital health company designed to improve health status and lower costs in patients with complex and chronic conditions using root cause medicine, today announced that accomplished healthcare executive, Paul Martino, has been appointed as Chair of the Board.
  • "Parsley Health simplifies complex health care, manages costs and ultimately helps patients live healthier lives,” said Paul Martino.
  • His leadership and partnership will be instrumental in accelerating Parsley’s growth,” said Dr. Robin Berzin, M.D., Founder, and CEO of Parsley Health.
  • Founded in 2016 by Dr. Robin Berzin, MD, a Columbia-trained physician and digital health expert, Parsley Health originally opened with brick-and-mortar centers in New York and California.

SCOR supports actuarial science by presenting Actuarial Awards in six countries in 2023

Retrieved on: 
Thursday, December 14, 2023
Singular, Stockholm University, University of York, Markov, Actuary, Risk management, CAE, Computer security, Conference, Mortality, Contribution, University, Machine learning, Insurance, Bias, Legal advice, Finance, CAT, Sorbonne University, Prix, Forecasting, Comparison, University of Lisbon, TU Wien, Research, Master, Heriot-Watt University

The SCOR Actuarial Awards are recognized in the insurance and reinsurance industries as a mark of excellence.

Key Points: 
  • The SCOR Actuarial Awards are recognized in the insurance and reinsurance industries as a mark of excellence.
  • The Actuarial Awards in France are supported by the SCOR Corporate Foundation for Science, chaired by André Lévy-Lang.
  • The SCOR Actuarial Awards juries are composed of internationally recognized researchers and insurance, reinsurance and finance professionals.
  • In 2023, SCOR presented Actuarial Awards in six countries: France, Germany, Italy, Spain, Sweden and Switzerland.

Children’s Hospital Association Joins with Quantum Health to Provide Healthcare Navigation Platform for Membership

Retrieved on: 
Thursday, December 14, 2023
Mental Health, Managed Care, Medical Devices, General Health, Professional Services, Hospitals, Fitness & Nutrition, Nursing, Alternative Medicine, Health, Health Technology, Health Insurance, Telemedicine, Virtual Medicine, Biometrics, Other Health, Human Resources, Practice Management, Research, CHA, Organization, ROI, Pharmacist, RN, Multimedia, Actuary, Georgia Hospital Association, Caregiver, HR, Communication, Mental health, Parent, Hospital, Uday Chopra, Health insurance

Quantum Health , the leading consumer healthcare navigation and care coordination company, and the Children’s Hospital Association (CHA) a leading membership of over 220 children’s hospitals, health systems and related organizations caring for children in their communities, announced today they are joining together to offer Quantum Health’s healthcare navigation platform among all CHA member hospitals.

Key Points: 
  • Quantum Health , the leading consumer healthcare navigation and care coordination company, and the Children’s Hospital Association (CHA) a leading membership of over 220 children’s hospitals, health systems and related organizations caring for children in their communities, announced today they are joining together to offer Quantum Health’s healthcare navigation platform among all CHA member hospitals.
  • The new vendor relationship between Quantum Health and member hospitals of CHA will enhance hospital employees’ and their dependents’ healthcare experience through navigation solutions, while driving improved benefits management.
  • “Quantum Health is proud to provide healthcare navigation and care coordination for children’s hospitals and health systems nationwide.
  • “Our new vendor relationship with Quantum Health will allow our member hospitals to further prioritize the health of their employees.

Reinsurance Company Northern Re Announces New Raise with $75M in Committed Capital

Retrieved on: 
Tuesday, November 28, 2023
MGA, Entrepreneurship, Insurance, Multimedia, Actuary, Trust, Single (music), Credit, Growth, Financial services

The New York and Cayman-based group announced their second fundraise this week, bringing the total committed capital to $75M.

Key Points: 
  • The New York and Cayman-based group announced their second fundraise this week, bringing the total committed capital to $75M.
  • Northern Re deploys capacity via what it refers to as a hybrid approach to the traditional collateral model, bifurcating the capital stack into company surplus, as well as risk capital.
  • The Company further differentiates itself through the existence of an onshore balance sheet, Northern Reinsurance Segregated Portfolio Holdings ("Northern Holdings").
  • These partnerships will be critical as the Company expands, targeting total committed capital over $100M for the 2024 year to further establish Northern Re as a longstanding provider of stable reinsurance capacity.

Quantum Health Announces Results of New 2023 Healthcare Navigation Cost-Savings Impact Analysis

Retrieved on: 
Thursday, November 2, 2023
General Health, Data Analytics, Consulting, Health, Professional Services, Data analysis, Consultant, CCA, Conference, Research, Multimedia, ROI, COVID-19, Partnership, Uday Chopra, Morning, Accounting, Actuary, Conference of Consulting Actuaries, Fatigue, Pharmaceutical industry

Quantum Health , the leading consumer healthcare navigation and care coordination company, today announced the results from its most recent actuarial study measuring the cost-savings ROI for its entire client base using its navigation platform.

Key Points: 
  • Quantum Health , the leading consumer healthcare navigation and care coordination company, today announced the results from its most recent actuarial study measuring the cost-savings ROI for its entire client base using its navigation platform.
  • “This new study from Quantum Health demonstrates that its consumer healthcare navigation platform delivers significant ROI and sustained year-over-year savings for employer-sponsored benefits programs.
  • Quantum Health has consistently demonstrated the ability to positively influence these factors along with enhancing members’ overall healthcare experience,” said Mr. Pudlowski.
  • Among the key findings, the data analysis shows are that companies using Quantum Health’s consumer healthcare navigation realized significant and sustained cost savings across all group sizes.

Insurity Launches Circ, a Best-in-Class Solution for Seamlessly Managing Regulatory Changes, and Expands Its #1 Market Position as the Software Provider Managing Regulatory Changes for Over 125 P&C Insurers

Retrieved on: 
Tuesday, August 29, 2023
Other Professional Services, Software, Insurance, Human Resources, Data Management, Professional Services, Technology, Other Technology, Organization, Policy, MGA, Philosophy, Actuary, P&C, Legislation, Risk management, Circ, National Council on Compensation Insurance

Insurity’s regulatory solution is already trusted by over 125 commercial lines insurers that represents over $30 billion in gross written premium, expanding Insurity’s #1 market position as the software provider of regulatory services management for P&C insurers.

Key Points: 
  • Insurity’s regulatory solution is already trusted by over 125 commercial lines insurers that represents over $30 billion in gross written premium, expanding Insurity’s #1 market position as the software provider of regulatory services management for P&C insurers.
  • Many P&C organizations regularly review industry developments impacting commercial lines insurance products to inform their understanding of the market.
  • With Circ , Insurity's best-in-class offering for implementing regulatory changes, P&C insurance organizations can stay current on the latest regulatory changes.
  • Insurity works with each carrier to understand their unique approach to implementing regulatory changes and streamlines all aspects of incorporating regulatory changes into their policy administration software."

Inflation, High CAT Losses to Lead to 2023 Underwriting Loss for P&C Industry, But Recession Likely Avoided This Year, New Triple-I/Milliman Report Shows

Retrieved on: 
Thursday, August 3, 2023
Professional Services, Insurance, Human Resources, Finance, NCCI, Employment, CPI, Insurance Information Institute, Milliman, FCAS, NWP, P&C, Doctor of Philosophy, National Council on Compensation Insurance, Five Year Forward View, GDP, MAAA, National Council, CBE, Growth, John Carbone Porfilio, Actuary, News, Tourism

The quarterly report, Insurance Economics and Underwriting Projections: A Forward View, was presented on August 3 at an exclusive members only virtual webinar.

Key Points: 
  • The quarterly report, Insurance Economics and Underwriting Projections: A Forward View, was presented on August 3 at an exclusive members only virtual webinar.
  • CPI will likely stay in the mid-to-upper 3% range through the end of the year,” Léonard said.
  • “For commercial auto, 2022 saw a return to underwriting losses, as the industry logged a 105.4 net combined ratio, the highest since 2019.
  • She also revealed that the “long tail” line for workers compensation claims has gotten progressively shorter over recent years.

AM Best Downgrades Credit Ratings of New York Schools Insurance Reciprocal

Retrieved on: 
Friday, June 23, 2023
Banking, Professional Services, Insurance, Finance, AM Best, Legislation, ALL, ERM, COVID-19, Risk management, Credit, Student, Risk, AM, Actuary, Environment, News

The outlook of these Credit Ratings (ratings) has been revised to negative from stable.

Key Points: 
  • The outlook of these Credit Ratings (ratings) has been revised to negative from stable.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings .
  • For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments .
  • AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry.

AAIS Announces Werner E. Kruck as President and CEO

Retrieved on: 
Wednesday, June 21, 2023
American Modern Insurance Group, Insurance, American International Group, AAIS, Actuary, Markel Corporation, American Association of Insurance Services, Management

Lisle, Illinois, June 21, 2023 (GLOBE NEWSWIRE) -- The Board of Directors of American Association of Insurance Services (AAIS) is pleased to announce the selection of Werner E. Kruck as President and Chief Executive Officer, effective June 26, 2023.

Key Points: 
  • Lisle, Illinois, June 21, 2023 (GLOBE NEWSWIRE) -- The Board of Directors of American Association of Insurance Services (AAIS) is pleased to announce the selection of Werner E. Kruck as President and Chief Executive Officer, effective June 26, 2023.
  • Mr. Kruck has spent his entire career in leading roles within the insurance industry and has served on the AAIS Board of Directors since 2018.
  • More recently, Mr. Kruck served as a consultant to insurance and reinsurance companies, as well as private equity and investment firms.
  • “After a thorough search for a new CEO that identified a number of high-quality candidates, it became clear that no one is more qualified than Werner Kruck to lead AAIS going forward,” said AAIS Chairperson David Duclos.

Deloitte Analysis: Employers can be Catalyst to Enable Americans to Live Longer, Healthier Lives

Retrieved on: 
Tuesday, June 20, 2023
Kaiser, Workforce, Education, HALE, Culture, Workplace, Health equity, Ageing, Quality of life, Lead, Kaiser Family Foundation, Royal Commission on the Future of Health Care in Canada, Mortality, Black, Movement, Science, CDC, Organization, Asian Americans, Investment, Korea Disease Control and Prevention Agency, American Indians, Alaska Natives, Knowledge, WHO, Actuary, Disease, Health, Health literacy, World Health Organization, Geography, Bridge, Health care, Nursing, Accounting, Management

NEW YORK, June 20, 2023 /PRNewswire/ --

Key Points: 
  • Even though the average life span is 76.1 years, Americans are living just 65.9 years (or 85% of their lives) in good health.
  • Black people and American Indian or Alaska Natives stand to gain 25 years and 28 years of health span respectively.
  • In Deloitte's latest report, " How employers can spark a movement to live longer, healthier lives ," the actuarial analysis showed that even though the average life span is 76.1 years, Americans are living just 65.9 years (or 85% of their years) in good health.
  • To determine whether Americans can live longer and healthier lives, and how to achieve this, Deloitte actuaries modeled life spans and health spans in the United States based upon publicly available data.