ROBERT A. BEAR, FCAS, MAAA, CPCU

CONSULTING ACTUARY

Robert Bear is an actuarial consultant with 40+ years of insurance industry
experience that include 20+ years managing reinsurance actuarial services.

rabsolutions@gmail.com

ABOUT ME

After beginning his career at Insurance Services Office, Robert served as an actuarial manager at Prudential Reinsurance, Signet Star Reinsurance and SCOR Reinsurance Company. He then served as Senior Vice President and Chief Actuary of PXRE Group, where he was responsible for loss reserving functions and pricing model development, along with related corporate modeling. Robert Bear is a Fellow of the Casualty Actuarial Society, a member of the American Academy of Actuaries and a Chartered Property Casualty Underwriter.

ROBERT A. BEAR, FCAS, MAAA, CPCU

Robert Bear has served as Vice Chairperson of the AIRROC Actuarial Committee, Chairperson of the CAS Dynamic Risk Modeling Committee, Chairperson of the Reinsurance Association of America (RAA) Actuarial Committee and as President of Casualty Actuaries in Reinsurance (CARe). He has also authored several CAS discussion papers and articles on reinsurance pricing, loss reserving, and risk modeling issues. His blog on actuarial and statistical modeling issues is available at rabactuarial.blogspot.com. He and his associates at ReservePrism LLC have completed development of a simulation model for the Casualty Actuarial Society that simulates reserve development for individual claims.

Expertise

Actuarial, Dispute Resolution, and Statistical Modeling Services
  • Underwriting 90%
  • Risk Management 80%
  • Property & Casualty 70%

Professional Designations

Service to the actuarial profession has included terms as Vice Chairperson of the AIRROC Actuarial Committee, Chairperson of the CAS Dynamic Risk Modeling Committee, Chairperson of the Reinsurance Association of America (RAA) Actuarial Committee, President of Casualty Actuaries in Reinsurance (CARe), Chairperson of the CAS Committee on Reinsurance Research, and member of the CAS Syllabus Committee and the Committee on Theory of Risk.  Presented numerous actuarial seminars at professional meetings.

1986
Fellow of the Casualty Actuarial Society

1987
Member of the American Academy of Actuaries

1993
Chartered Property Casualty Underwriter

Employment

RAB Actuarial Solutions LLC offers the following actuarial, statistical modeling and reinsurance consulting services: (1) loss reserve studies (2) reinsurance arbitration and pricing, including reinsurance commutations (3) actuarial and reinsurance expert witness and litigation support (4) research on loss reserving and reinsurance pricing models, including claim modeling using ReservePrism software (www.reserveprism.com), and (5) statistical and econometric modeling, including optimization studies.
2004-Present
RAB ACTUARIAL SOLUTIONS, LLC

Actuarial, Reinsurance, Statistical Modeling Services
Robert Bear is a Property and Casualty Consulting Actuary, Reinsurance Consultant and Insurance Arbitrator in the firm he has established, RAB Actuarial Solutions LLC.


1999-2004
PXRE GROUP LTD

Actuarial, Reinsurance, Senior Vice President and Chief Actuary
Actuarial Department Manager and Appointed Actuary. Responsible for loss reserving functions and pricing model development, along with related enterprise risk management (ERM) modeling. Worked with PXRE Group's underwriting, actuarial, and systems professionals to measure the potential impact of each risk underwritten on economic capital requirements and profitability levels. Worked with catastrophe modeling staff to develop preliminary loss estimates after each major catastrophe. Priced finite treaties and reinsurance commutations. Provided actuarial support for capital raising efforts and purchase of retrocessional coverage.


1995 - 1999
SCOR REINSURANCE COMPANY

Actuarial pricing manager. Merger & Acquisition and retrocessional analyses. Developed actuarial pricing programs and priced complex treaty proposals including finite treaties.


1993 - 1995
SIGNET STAR REINSURANCE COMPANY

Vice President and Actuary
Developed and managed corporate actuarial function, with responsibilities for loss reserves, corporate modeling, and pricing research and development.


1987 - 1993
SIGNET STAR REINSURANCE COMPANY

Second Vice President and Technical Unit Manager
Responsible for pricing model development, training and price monitoring. Priced finite treaties and commutations. Performed Merger & Acquisition and retrocessional analyses.


1984 - 1987
PRUDENTIAL REINSURANCE COMPANY

Actuarial Manager
Pricing responsibilities for two years and reserving responsibilities for one year. Developed pricing programs and priced finite treaties.


1986 - 1987
NEW JERSEY INSTITUTE OF TECHNOLOGY

Adjunct Lecturer
Taught review course for Credibility and Loss Distributions sections of actuarial exam.


1978 - 1984
INSURANCE SERVICES OFFICE

Senior Actuarial Analyst
Econometric research leading to improved forecasting techniques in ratemaking (outstanding performance award for Inflation Adjusted Trend Procedure).


1975 - 1978
INSURANCE SERVICES OFFICE

Actuarial Analyst
Commercial Casualty rate reviews, research, and data quality projects.


Education

Training:
ARIAS certified insurance and reinsurance arbitrator (2005-2013)
1982
MS, ECONOMIC SYSTEMS

Polytechnic Institute of New York


1975
MS, INDUSTRIAL AND APPLIED MATHEMATICS

Polytechnic Institute of New York


1972
MS, MATHEMATICS

New York University


1972
TEACHING CERTIFICATION IN MATHEMATICS

Fairleigh Dickinson University


1969
BA, MATHEMATICS (SUMMA CUM LAUDE)

University of Bridgeport