Michael Cook, ACAS

Vice President & Actuary at LIO Insurance
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Contact Information
us****@****om
(386) 825-5501
Location
Philadelphia, Pennsylvania, United States, US

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Experience

    • United States
    • Insurance
    • 1 - 100 Employee
    • Vice President & Actuary
      • Sep 2021 - Present

      Senior Actuary working to build the entire actuarial practice from the ground up for LIO Insurance, a specialized commercial insurance carrier. Senior Actuary working to build the entire actuarial practice from the ground up for LIO Insurance, a specialized commercial insurance carrier.

    • Insurance
    • 700 & Above Employee
    • Assistant Actuary - Chubb Foreign Casualty
      • Jul 2019 - Sep 2021

      • Develop and support all rating engines underlying the contract execution systems for the GL, EL/FVWC, AL/APD, Property, K&E, and AD&D coverages within the Chubb Foreign Casualty business unit• Support, maintain, and enhance the price monitor functions for the Chubb Foreign Casualty business unit• Direct projects to implement large scale upgrades and additions to the online contract execution system• Direct projects to transition existing price monitor and profitability study processes onto new technologies• Drive significant enhancement of the contract execution system through IT based on input from underwriting• Act as top-level point of escalation for all contract execution system help desk inquiries • Proactively search for, develop & implement system and process efficiencies• Perform all aspects of test cycle from development and execution of test cases to verifying calculations and results• Support pure actuarial staff with technical requirements such as database queries and Excel macros as necessary• Perform ad hoc pure actuarial functions such as account pricing and account audits Show less

    • Senior Actuarial Analyst - Data & Analytics Team
      • Jul 2017 - Jul 2019

      • Develop and analyze predictive models for various books of business to find improvements in current rating plans• Analyze loss ratio, pure premium, frequency, and severity responses to both existing rating variables and potential new rating variables• Communicate closely with business stakeholders regarding project goals, constraints, and status• Transform raw datasets into modeling datasets using SAS, RADAR, and R• Build and analyze models using Emblem• Act as local SAS Administrator for immediate team Show less

    • Actuarial Analyst - ACE Risk Management
      • Jun 2013 - Jul 2017

      • Act as a liaison between underwriting management and IT staff• Develop enhancement specifications that encompass both a high level design as well as detailed calculations• Perform a range of QA activities as necessary and determined by enhancement scope• Work with IT staff to analyze defects and design solutions to maintain and enhance homegrown contract structuring tools• Support underwriting staff with contract structuring• Develop and maintain macros, reports and other tools to enhance data collection, management, and analysis• Design, develop, and implement systems to enhance actuarial and underwriting process using Microsoft product suite• Provide actuarial support for the pricing of contracts as necessary Show less

  • ACE Group
    • Philadelphia, PA
    • Actuarial Analyst - Actuarial Filings and Utility Team
      • Jan 2012 - Jun 2013

      • Developed actuarial support for new loss cost and rate filings for a variety of lines of insurance across all states • Built rate effects and rate indications to show the effect of industry-promulgated changes to loss costs, rates, and other factors on ACE’s books of business and worked with management to either accept or offset such changes • Automated and streamlined existing systems and processes; maintain and enhance existing ones • Responsible for the development and distribution of a handful of regularly scheduled reports to a wide audience • Provided assistance to actuarial staff for other business units as requested. • Peripherally involved with the Catastrophe Modeling side of the ARM unit Show less

    • United States
    • Utilities
    • 700 & Above Employee
    • Senior Software Tools Architect
      • Mar 2008 - Nov 2011

      • Built and managed the day-to-day operations of a team of six engineers • Developed and maintained customized integrations between multiple systems • Designed and maintained various process workflows • Developed and maintained tools and process automations using .NET technologies, Perl, and various other scripting technologies • Oversaw the implementation of IBM Rational BuildForge • Designed and oversaw the complete overhaul of IT infrastructures • Built and managed the day-to-day operations of a team of six engineers • Developed and maintained customized integrations between multiple systems • Designed and maintained various process workflows • Developed and maintained tools and process automations using .NET technologies, Perl, and various other scripting technologies • Oversaw the implementation of IBM Rational BuildForge • Designed and oversaw the complete overhaul of IT infrastructures

    • Switzerland
    • Financial Services
    • 700 & Above Employee
    • Senior Software Release Engineer
      • Mar 2007 - Feb 2008

      • Managed source control activities for teams of software engineers located internationally• Designed and implemented software driven solutions to improve change and configuration management practices• Managed a QA team responsible for all testing operations for a new financial risk management application• Executed all formal software builds and deployments• Piloted new software tools for potential implementation

    • Tools Expert
      • Aug 2004 - Mar 2007

      • Managed a global testing service that provided both consultation and test execution services• Led a team of engineers and analysts responsible for evangelizing and helping teams adopt company-standard tools and processes• Evaluated and managed the consolidation of IT infrastructure where appropriate• Worked directly with software development personnel to drive best practice usage of development and deployment tools• Designed and implemented customized usage models for various software products• Developed and taught training courses for multiple software products• Provided all levels of support and training for software change management processes and tools• Developed and implemented customized software driven process improvements Show less

    • United States
    • Utilities
    • 400 - 500 Employee
    • Software Quality Assurance Analyst
      • Aug 2003 - Aug 2004

      • Developed test plans against existing software requirements documentation • Synthesized detailed test procedures for web applications • Spearheaded testing efforts that included the entire customer base • Developed an automated test system using Object Oriented Perl and Microsoft Excel • Performed software builds and deployments • Developed test plans against existing software requirements documentation • Synthesized detailed test procedures for web applications • Spearheaded testing efforts that included the entire customer base • Developed an automated test system using Object Oriented Perl and Microsoft Excel • Performed software builds and deployments

    • United States
    • Semiconductor Manufacturing
    • 700 & Above Employee
    • Software Process Engineer
      • Jul 1999 - Feb 2003

      • Spearheaded the software patch release process • Developed and implemented improvements to the software patch release process • Administered various software tools and processes • Spearheaded all software testing processes • Identified software defects and worked directly with development staff to enable quick resolution • Mentored new employees in day-to-day team operations • Spearheaded the software patch release process • Developed and implemented improvements to the software patch release process • Administered various software tools and processes • Spearheaded all software testing processes • Identified software defects and worked directly with development staff to enable quick resolution • Mentored new employees in day-to-day team operations

Education

  • Temple University - Fox School of Business and Management
    Master of Science, Actuarial Science
    2008 - 2011
  • Rensselaer Polytechnic Institute
    Bachelor of Science, Electrical Engineering
    1994 - 1999

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