About
Andy is Managing Director in the life insurance consulting practice of Deloitte, where he…
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Andy Ferris posted thisAs a member of The Actuarial Foundation’s Board of Trustees, it is an honor to share with you the Formula 2023 Virtual Gala: Multiplying the Power of Math & Diversity. I invite you to register to attend a night of celebration that will showcase special guests and exciting entertainment including keynote speaker Danica McKellar, former actress of The Wonder Years and author of #1 New York Times bestselling children math books. Register for free at https://lnkd.in/gY9XgcHe #Formula2023 #VirtualGala
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Andy Ferris shared thisWe are excited to share our latest research on new business and underwriting for insurance.
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Andy Ferris shared thishttps://lnkd.in/er_TgPMAndy Ferris shared thisWhat is the actuarial process? Can students gain an understanding of the actuarial process in high school? These are just some of the questions we'll be journeying around during our next Virtual Happy Hour featuring our Modeling the Future Challenge on #GivingTuesday, December 1 at 4 p.m. CT. We'll present an overview of the challenge which will feature students and teachers and their perspectives on using applied mathematics and learning to navigate real-world problems of tomorrow. R.S.V.P. today! https://bit.ly/3nJbp6M #actuarialscience #actuaries #actuarialprocess #STEM https://lnkd.in/eG7xbQX
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Andy Ferris shared thishttps://lnkd.in/eBRdXiz
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Andy Ferris liked thisSuper proud to celebrate the FIRST graduating class of STEM stars! I can't wait to see what they accomplish.Andy Ferris liked thisWe’re celebrating a major milestone — our first cohort of STEM Stars scholars is graduating! From internships to exam success to full-time roles, these students are stepping confidently into the future of actuarial science. We’re so proud of all they’ve accomplished, and excited for what’s ahead. Check out the full Impact Report: https://lnkd.in/gNgfCsQh
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Andy Ferris liked thisAndy Ferris liked thisOne final request from me in our recruiting campaign: If you know an experienced individual life underwriter who cares about quality work and growing alongside a collaborative team, I’d welcome an introduction. Referrals are always treated thoughtfully and with respect. https://lnkd.in/g5e2-wh7 #underwriting #insurancecareers #hiring While remote, this is a U.S.-based role. Applicants must live in the United States and be authorized to work in the U.S. without the need for current or future sponsorship.
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Andy Ferris liked thisAndy Ferris liked thisNational Life Group has named Jason Doiron Chief Executive Officer of its investment affiliate, NLG Capital, as the organization continues to focus on strategic growth. Learn more: https://bwnews.pr/4erCnxm
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Andy Ferris liked thisThe response has been overwhelming. Our Denver AI executive roundtable sold out in one week, which tells me we're addressing the right challenges at the right time. Three weeks ago in Chicago, senior tech executives gathered at the Chicago Cut Steakhouse for an informative, empowering AI conversation. The format was simple: no presentations, no vendor pitches – just candid discussions about AI implementation challenges. What made it powerful was the collective problem-solving. When one CTO shared how they discovered shadow AI consuming unexpected resources, it sparked a collaborative session on enterprise governance that had everyone taking notes. Another technology executive emphasized the importance of an AI vectorization strategy to address data integrity challenges, prompting an impromptu conversation about developing a model for AI deployment readiness. These weren't theoretical discussions. Real problems, real solutions: measuring AI ROI when results aren't immediately quantifiable, managing stakeholder expectations during pilots, building LLM custom models without breaking compliance. One executive captured it perfectly: "I've been to numerous AI conferences this year, but these discussions are collaborative, relevant, and timely." The demand for these conversations is clear. New York tech leaders – you're next. Two exclusive virtual roundtables: May 19th and 21st, 11:30 AM - 1:00 PM EST. Same caliber of leaders, same transformative discussions, zero travel required. Limited to senior technology executives only. Ready to join these conversations? Message me directly to secure your spot. Jon Nordmark Brian Sathianathan David Richard Anna Henao Edward Bahadori Renil Komitla Venkatesh Jayakumar Navneet Y. Jai Desai Chris Lingenfelter
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Andy Ferris liked thisAndy Ferris liked thisSince I started my in-house journey in 2018, the privacy world has transformed in ways few people predicted. GDPR was just taking effect, state privacy laws were still forming, and AI governance was but a twinkle in Dario Amodei’s eye. Building a program capable of keeping pace with that shift, and building the AI diligence infrastructure that serious privacy teams now require, was among the most substantive work of my career. I will be forever grateful to the Lincoln colleagues who were true partners in that work. For my next chapter, I'm proud to be joining Edward Jones as Chief Privacy Compliance Officer, where privacy has a clear mandate to meet the moment. And to the many friends and peers who made time for lunches, calls, and honest conversations over these past few months: It mattered more than you know – your insights and advice helped shape my decision immensely. Now, if you’ll excuse me, I have some risk management frameworks to apply…
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Andy Ferris liked thisAndy Ferris liked thisWe are proud to announce the appointment of Tim Heslin as Head of US Life Insurance. Tim will oversee all activities and management of our life insurance companies in the United States, namely Vericity, Inc. and American Amicable Group, including strategic planning, financial management and business development. With 25 years of experience in financial services, his strategic vision and leadership will be a major asset for the growth of our life insurance business in the United States. Congratulations! 👏
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Andy Ferris liked thisLooking forward to stepping into the role of Chief Financial Officer at National Life Group. Over the last 15 years, I’ve had the chance to work across many parts of the organization, each shaping my views on leadership and the importance of what we do in this business!Andy Ferris liked thisMatthew Frazee has been appointed as the Chief Financial Officer of National Life Group. Frazee joined National Life Group in 2011 and most recently held the role of Executive Vice President and Chief Marketing Officer. Learn more: https://bit.ly/3QxfHBT
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Andy Ferris liked thisExciting announcement today for Protective Life and Obsidian Insurance Holdings, Inc. Looking forward to working with Bill Jewett, Craig Rappaport, and the rest of the Obsidian team!Andy Ferris liked thisProtective to acquire Obsidian Insurance Holdings, Inc, a leading property, casualty and specialty insurance platform — supporting our long‑term growth strategy and our vision to protect more people through life's many moments. Learn more: http://spr.ly/6049BBMo0L
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Andy Ferris liked thisI am excited to announce my new role as President of the Lutheran Life Communities Foundation. Throughout my career, I have been drawn to mission-driven organizations where strong relationships and philanthropy can make a significant difference. Lutheran Life Communities embodies this commitment, serving older adults with dignity, compassion, and purpose, which resonates with me both professionally and personally. I am particularly enthusiastic about the opportunity to strengthen philanthropy, deepen engagement, and enhance the Foundation’s impact to support the exceptional care provided across Lutheran Life Communities. I am grateful for the experiences and individuals who have shaped my journey, and I look forward to building meaningful partnerships in this new chapter.
Experience
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Education
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Licenses & Certifications
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CFA Charterholder
CFA Institute
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Fellow of the Society of Actuaries (FSA)
Society of Actuaries
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Member of the American Academy of Actuaries (MAAA)
American Academy of Actuaries
Volunteer Experience
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Board of Trustees
The Actuarial Foundation
- 6 years 5 months
Education
https://www.actuarialfoundation.org
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Editorial Board of The Actuary Magazine
Society of Actuaries
- 2 years
Education
http://www.theactuarymagazine.org/
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Life Insurance Products Committee
American Academy of Actuaries
- 13 years
https://www.actuary.org/committees/dynamic/LPRC
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Life Practice Council
American Academy of Actuaries
- 13 years
https://www.actuary.org/committees/dynamic/LPC
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Alumni Advisory Board for Actuarial Science Program
University of Iowa
- Present 5 years 5 months
Education
Publications
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Big Data and the Role of the Actuary
American Academy of Actuaries
See publicationThe monograph examines how Big Data is providing actuaries in more practice areas with powerful new analytical tools and opportunities to lead Big Data projects.
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Navigating A New Landscape
A.M. Best's Review
Everywhere you turn these days, the topic of big data is being discussed. Big data is collected on a daily basis from sources that include purchases, voluntary surveys, social media posts and Internet
search engines. The retail industry has been using collected data to develop analytics and insight to
support strategic initiatives for years. A recent instance in the insurance industry is auto insurers monitoring consumers’ driving habits in return for discounted insurance…Everywhere you turn these days, the topic of big data is being discussed. Big data is collected on a daily basis from sources that include purchases, voluntary surveys, social media posts and Internet
search engines. The retail industry has been using collected data to develop analytics and insight to
support strategic initiatives for years. A recent instance in the insurance industry is auto insurers monitoring consumers’ driving habits in return for discounted insurance premiums.
Since the life insurance industry is in the early stages of using big data, there are some potential challenges and benefits for the two core parties involved: consumers and insurers. Insurance companies are using big data and analytics to streamline operating procedures and processes to deliver their products more efficiently. Consumers stand to gain from this efficiency both in the time to issue as well as the cost of the product. These potential benefits come with potential concerns for consumers’ privacy and permission to use sensitive data.
As explored through several examples in this article, we compare and contrast a traditional process for a life insurance company and an enhanced approach using big data and analytics. If implemented with care by a life insurance company, these enhancements may outweigh any potential disadvantages.Other authors -
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"Big Data” – What is it, how is it collected, and how might life insurers use it?
The Actuary
Big data and the potential uses of this information have been receiving a significant amount of attention. Who collects data and why? Who uses this consumer data and why? What regulates the use of consumer data? Does “big data” and applications of that data have a place within the life insurance industry
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US Individual Life Insurance - Guaranteed and Simplified Issue Persistency
LIMRA and Society of Actuaries
Honors & Awards
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Presidential Award
Society of Actuaries
https://www.soa.org/volunteer-program/presidential-award/
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Allen Craig Award
University of Iowa
In recognition of outstanding service as a graduate teaching assistant
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1 Comment -
Eric Carver, CPA
Captive insurance companies aren’t one-size-fits-all. From cost savings and tax advantages to coverage for hard-to-insure risks, captives give organizations more control over risk management. Thinking about whether a captive could be right for you? Explore the benefits and next steps to see how a captive structure can strengthen your organization’s approach to risk. #CaptiveInsurance #RiskManagement #BusinessStrategy
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