Frank Kwon, Acas Email & Phone Number

Los Angeles, Ca, Us

Los Angeles, Ca, Us

Omaha, Nebraska, Us

Responsibilities included pricing and reserving of Businessowners (BOP) and Commercial Package Policies (CPP) as well as reinsurance cessions. Performed rate indications, profitability studies, internal reserve studies and prepared reserving data for outside appointed actuary. Supervised two direct reports in Corporate Underwriting.• Performed pricing analyses, rate indications, experience and profitability studies for BOP and CPP in California, New York and New Jersey.• Prepared and submitted rate and rule change filings using the SERFF System.• Coordinated implementation of approved rate and rule changes, and maintained the rate and rule manuals.• Analyzed the performance of the classifications by State and Product, and in coordination with Underwriting and Marketing, developed pricing recommendations for Management.• Worked closely with UW & Marketing to identify classes of business for new business opportunities.• Processed reserve data and built reserve analysis templates, models and ad-hoc reports.• Performed internal reserve studies as needed.• Peer reviewed the external reserve reviews and presented findings and observations to Senior Management.• Assisted in the completion of Schedule P and Schedule F of the annual statements.• Calculated monthly ceded reinsurance premiums and ceded reinsurance losses for Accounting to record in General Ledger.• Provided IBNR reserves (direct and net of reinsurance) for Accounting to book each month.• Evaluated the reinsurance experience and develop recommendations on reinsurance structures.• Assisted in the renewal process of annual reinsurance contracts.• Supervised the two-member Corporate Underwriting team. Responsibilities included handling consumer complaints, researched competitors’ filings as needed, handled all data calls, maintained the Underwriting Guidelines, processed state license renewals, maintained all third-party contracts.

Wilmington, De, Us

Directed and performed the analysis of rate levels and classifications of over a dozen states for the Personal Automobile line of business to establish and maintain an optimum rate and meet targeted underwriting profit and revenue growth. Supervised one to two direct reports.• Worked in close consultation with product managers and various business units including Underwriting and Finance in establishing pricing and rating plans.• Directed and performed the preparation of rate and rule change proposals for regulatory authorities using SERFF System (including the preparation of the required supporting data.)• Coordinated through final implementation of rate and rule changes.• Managed the runoff of the business in 48 states.• Incorporated competitive and market analysis in the overall pricing strategy.• Participated in monthly reserve meetings and provided insight into results.• Participated in annual financial planning process by providing rate change forecasts.• Pursued personal and professional development regarding current issues affecting the insurance industry, emerging technology and advancements in pricing techniques.

Wilmington, De, Us

Managed the analysis of rate levels and classifications of over a dozen states for the Personal Automobile line of business to establish and maintain an optimum rate and meet targeted underwriting profit and revenue growth. Supervised up to five direct reports.• Worked closely with State Product Managers and Corporate Actuarial in establishing pricing and rating plans.• Prepared rate and rule change proposals for regulatory authorities using SERFF System (including the preparation of the required supporting data.)• Coordinated through final implementation of revised rate and rule manuals.• Incorporated competitive and market analysis in the overall pricing strategy.• Participated in annual financial planning process by providing rate change forecasts in assigned states.

Wilmington, De, Us

Directed the monthly and year-end analysis of loss reserves and recommended reserve changes to ensure the adequacy of carried reserves, and forecast premium changes and loss ratios.• Oversaw the data collection and exhibit preparation for monthly reserve meetings.• Provided effective communication with senior management regarding reserve needs to provide understanding of the impact of reserves and forces underlying reserve changes.• Provided necessary information and explanation of company procedures and practices regarding the review of loss reserves by outside actuaries and auditors.• Prepared loss reserve opinion statements and supporting documents for the Chief Actuary, and prepared and maintained reserve analysis documents supporting the reserve opinion. Prepared actuarial reports required by insurance authorities and internal requirements.• Discussed reserve procedure changes with Claims, Finance, Accounting and Product Management.• Reviewed and provided feedback on Company Form 10K’s and 10Q’s.• Communicated with Claims and Underwriting personnel and provided needed insight and understanding of loss development patterns.• Responsible for professional development of direct reports.

Directed the quarterly and year-end analysis of loss reserves and issued the statements of actuarial opinion on loss and LAE reserves. Managed up to six actuarial team members.• Performed quarterly loss and LAE reserve analyses for all commercial lines of business, presented and discussed loss reserve findings and reserve recommendations at loss reserve committee meetings, responsible for the maintenance and enhancement of reserve analysis tools and procedures.• Issued the statements of actuarial opinion on loss and LAE reserves from 1999 to 2004.• Provided technical advice to actuarial associates and reviewed actuarial work performed to ensure acceptable actuarial methods and techniques were utilized.• Annual Financial Statement: Provided assistance in preparation and completion of Schedule P Parts 1 and 6, and State Pages related to IBNR reserves (loss, ALAE and ULAE).• Coordinated with Underwriting, Finance and Pricing Actuary to develop budget target loss and LAE ratios for property and general liability lines.• Determined loss, ALAE and ULAE IBNR reserve changes on a monthly basis.