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Actuarial firms provide actuarial, statistical, risk-management, and related services to insurance companies, and other large institutions with a need to carefully calibrate risk. For more information, see Actuarial Science .
Milliman, formerly Milliman & Robertson, is an international actuarial and consulting firm based in Seattle, Washington. The company was founded in 1947, by Wendell Milliman and Stuart A. Robertson and operates 59 offices internationally, with over 3,000 employees. [citation needed] Milliman is owned and managed by approximately 350 principals. [1]
An actuary is a professional with advanced mathematical skills who deals with the measurement and management of risk and uncertainty. [1] These risks can affect both sides of the balance sheet and require asset management , liability management, and valuation skills. [ 2 ]
The Actuarial Society of America was the first actuarial professional association in North America, founded in 1889 with only 38 members and headquartered in New York City. Initial members were included by invitation, but the organization soon adopted a system of examination for qualification, with the first Fellow to qualify via exams joining ...
Edward Rowe Mores (1731–1778), English, founder of The Society for Equitable Assurances on Lives and Survivorships and the first person to use the professional title "actuary" William Morgan (1750–1833), Welsh; George Barrett (1752–1821), English; Nathaniel Bowditch (1773–1838), probably the second American insurance actuary; Essex Fire ...
ASPPA was founded in 1966 originally as an actuarial organization. Since then ASPPA has expanded and diversified its membership to include all types of pension professionals — from actuaries, consultants, and administrators to insurance professionals, financial planners, accountants, attorneys, and human resource managers.
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