Candidate Information Katie Campbell

Name:	Katie Campbell
Practice Area:	Life Health
Employer Name:	Alaska Division of insurance
Employer City/State:	Juneau, Alaska
Credentials:	MAAA, FSA

Academy Experience

Member, Life Practice Council, 2008-2012
Member, Life Financial Soundness/Risk Management Committee, 2006-2012
Member, Medical Loss Ratio Subgroup, 2010-2012
Member, Premium Review Subgroup, 2010-2012
Member, Life Public Interest Task Force, 2009-2012
Member, Life Valuation Subcommittee, 2011-2012
Member, Grandfathering Provisions Subgroup, 2010-2011
Member, High Risk Pool Subgroup, 2010-2011
Member, Centralized Examination Office Team, 2006-2008
Member, Regulatory Interface, Governance, and Peer Review Work Group, 2006-2008
Member, Valuation Law Manual Team, 2006-2007
Member, Valuation Law Manual Team Subgroup 2, 2007-2009

Candidate Biographical Sketch

I have been the life and health actuary with the Alaska Division of Insurance since 1993. Prior to that time I worked in various actuarial positions at two different insurance companies. In my role with the Alaska Division of Insurance, I am responsible for life and health actuarial, rate and form filing, and market regulation functions. Among the countless duties as the life and health actuary for the division, I have been the director’s ex-officio representative on the state’s high risk pool (the Alaska Comprehensive Health Insurance Association) board of directors for over 15 years. I also have represented the division on the Governor’s Council for Disabilities and Special Education and the Governor’s Task Force on Health Care Reform. In my other responsibilities, I have drafted legislation, testified before the state legislature on insurance bills, performed health insurance reserve and premium rate reviews, studied usual customary and reasonable charges for the state, analyzed insurance status of union health trusts, drafted regulations, served as hearing officer on the regulations, and developed state credit insurance rates.

On the national level, I was a member of the NAIC Life and Health Actuarial Task Force for over 15 years and served as vice-chair of that Task Force, as well as chair, co-chair, and member of numerous subgroups of the Task Force over the years. This work included Medicare supplement refund formula, standard valuation law, principle-based reserves for life insurance (VM-20), actuarial opinion and memorandum (VM-30), PBR Reporting (VM-31), health insurance reserve model regulation, annuity non-forfeiture model regulation, and PPACA subgroups. I am currently a member of the Health Actuarial Task Force, Life Risk-Based Capital, and Separate Accounts working groups at the NAIC as well as a member of the Regulatory Actuary Ad Hoc Group working on the AG 38 Joint Working Group Framework.

Candidates for regular Director will normally have served the Academy or the actuarial profession by:

Serving on Academy committees or task forces;
Serving on the ABCD, or on the ASB or an ASB Committee;
Serving on the Boards or committees of other actuarial bodies;
Attainment of important stature in the insurance business, in actuarial consulting or in some other field of actuarial work, such as teaching.

How I meet the qualifications for the position of Regular Director on the Academy Board of Directors

I have served on Academy committees as well as the Life and Health Actuarial Task Force at the NAIC. I have never been a regular director and am willing and excited about the opportunity to serve as a regular director on the board of directors.

Why I want to serve on the Academy Board of Directors

I would like to help make a difference and contribute to the work of the Academy. I hope that my knowledge of life and health insurance and regulatory experience will be of value to the board and the Academy.

What I believe are the most important issues facing the American Academy of Actuaries

Clearly the Academy needs to continue to provide objective actuarial expertise on Solvency II, health care reform, Medicare, Social Security, etc.

Particularly in light of the likely adoption of principle-based reserves, I would like to see the Academy review and adopt stronger standards of practice for actuaries that will help regulators and others become more comfortable with relying on actuarial opinions and analysis.

I also think the Academy needs to find ways to encourage and support greater participation by the membership in Academy activities.