Mike Madelung Email & Phone Number

Indianapolis, Indiana, United States [Remote]

Bedford Park

* Provide actuarial support for rates, rules and factors in all states * Respond to Department of Insurance objections * Analyze expense provisions and competitive market position for insurance industry clients * Quantify impact of rate / rule revisions and loss cost adoptions

Indianapolis, Indiana (Remote)

The Allies was formed for the express purpose of assisting companies and individuals cut through the complexities of the insurance world. We have already helped numerous clients navigate through their group health insurance issues. Our team specializes in the analysis and negotiation of our clients' health insurance renewals.* Direct asset/liability management, financial planning, budgeting, cost control, accounting, processimprovement, administration* Consult financially to save clients premium without reducing healthcare benefits (healthcare costreduction)* Analyzed hospital inpatient and outpatient costs across US market for different PPOs* Developed marketing strategies and wrote communications* Established website and designed process documents

Burr Ridge, Il

* Proactively managed P&L for $150 million non-standard auto book of business * Identified and evaluated actionable trends to increase profitability and market share while maintaining regulatory compliance * Introduced new option to finance policy fee and origination fee (rather than collecting them with down payment), resulting in 10% competitive advantage * Executed rate, program, and underwriting strategy

* Data gathering and statistical analysis, rate making and factor selection, filing, IT specifications, UAT, performance monitoring, and rate & rule revisions * Assisted Product Director in proactively managing MGA program (Non-Standard Auto, Homeowners, and Motorcycle) business to achieve target loss ratios * Validated data captured in newly implemented data warehouse to support rate revision analyses * Implemented quantitative methods including loss forecasting, segmentation analysis, and predictive modeling to support informed decision-making

* Provided actuarial and analytical support to retail insurance brokers and brokerage clients in budgetingfor future claim liabilities* Led the reserving and forecasting of Workers Compensation, General Liability, Commercial Property,and Commercial Auto* Built client relationships and assisted in new business development* Oversaw analysts and successfully trained new hires

* Assisted consulting actuaries in conducting loss reserve analyses for various insurance industry clients and self-insured entities* Responsible for maintaining proper files and documentation for statements of actuarial opinion and other projects

Master Of Science, Applied Mathematics

Activities and Societies: Mathematics paper grader

Bachelor Of Arts, History

Activities and Societies: Kappa Sigma

High School Diploma