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- Date: July 23, 2008
- Time: 11:00 a.m. ET
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presented by
The World of Risk is Changing – Can Actuarial Modeling Software Respond?
The insurance industry is going through a period of rapid change with a consequence that the demands on actuarial software are also rapidly evolving. Regulatory and rating agency demands along with competitive pressures are pushing actuarial software available today to the limit. SunGard is innovating to give customers the power, control and performance, necessary to meet these demands by taking actuarial software to the next level.’
Speakers:
Moderated by Ara Trembly, senior technology editor, National Underwriter
David Burnell, manager, enterprise business solutions, SunGard iWorks Prophet
James W. Lamson, founder and president, Actuarial Resources Corporation
James W. Lamson has over 30 years of insurance industry experience, both in consulting and in actuarial capacities with insurance companies. Set forth below is an outline of the experience and educational aspects of his background.
Education
- Bachelor of Arts in Mathematics - University of Nebraska at Omaha, 1973
- Fellow of the Society of Actuaries, 1978
- Member of the American Academy of Actuaries since 1979
- Chartered Life Underwriter, 1986
Experience
- Founder and President, 1987-present, Actuarial Resources Corporation, a Kansas City area business employing approximately 30 actuaries and programmers. Actuarial Resources sells and maintains the ARCVAL valuation and financial projection system for insurance products throughout the United States and is in the final stages of acquiring the Prophet actuarial projection system.
- Consultant, Tillinghast/TPF&C, 1984-1987
- Management and other positions in insurance company actuarial departments from 1973 to 1984
Professional Involvement
- Vice Chair of the Variable Annuity Reserve Work Group of the American Academy of Actuaries. Member of the Life Valuation Subcommittee and member of various prior work groups including those covering Actuarial Guideline 33, Actuarial Guideline 39 and Actuarial Standard of Practice 38.
- Speaker at numerous Society of Actuaries Meetings and Valuation Actuary Symposiums.
Areas of Expertise
- Financial Reporting (Statutory, Tax, GAAP, and Management Financial Statements)
- Pricing and Innovative Product Design for Annuities, Universal Life and Traditional Life Insurance Products
- Marketing Strategy Development
- Design of Agent Compensation
- Coordination of Product Development With Home Office Administration Systems