Robert A. Bear, FCAS, MAAA, CPCU
Robert Bear is an actuarial consultant with 40+ years of insurance industry experience that include 20+ years managing reinsurance actuarial services.
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, a member of the CPR Panel of Distinguished Neutrals and a Chartered Property Casualty Underwriter.
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. With his associates at ReservePrism LLC, he is working for the Casualty Actuarial Society to create a simulation engine that simulates reserve development for individual claims.
Actuarial, Dispute Resolution, and Statistical Modeling Services
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. Currently co-manages the Linked In professional groups focused on discussion of Commercial and Industry Arbitration and Mediation issues and Reinsurance Claims issues. Presented numerous actuarial seminars at professional meetings.
Fellow of the Casualty Actuarial Society
Member of the American Academy of Actuaries
Chartered Property Casualty Underwriter
Member of the CPR Panel of Distinguished Neutrals
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.
RAB Actuarial Solutions, LLCActuarial, 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.
PXRE Group Ltd.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.
Scor Reinsurance CompanyVice President and Actuary
Actuarial pricing manager. Merger & Acquisition and retrocessional analyses. Developed actuarial pricing programs and priced complex treaty proposals including finite treaties.
Signet Star Reinsurance CompanyVice President and Actuary
Developed and managed corporate actuarial function, with responsibilities for loss reserves, corporate modeling, and pricing research and development.
Signet Star Reinsurance CompanySecond 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.
Prudential Reinsurance CompanyActuarial Manager
Pricing responsibilities for two years and reserving responsibilities for one year. Developed pricing programs and priced finite treaties.
New Jersey Institute of TechnologyAdjunct Lecturer
Taught review course for Credibility and Loss Distributions sections of actuarial exam.
Insurance Services OfficeSenior Actuarial Analyst
Econometric research leading to improved forecasting techniques in ratemaking (outstanding performance award for Inflation Adjusted Trend Procedure).
Insurance Services OfficeActuarial Analyst
Commercial Casualty rate reviews, research, and data quality projects.
ARIAS certified insurance and reinsurance arbitrator (2005-2013)
MS, Economic SystemsPolytechnic Institute of New York
MS, Industrial and Applied MathematicsPolytechnic Institute of New York
MS, MathematicsNew York University
Teaching Certification in MathematicsFairleigh Dickinson University
BA, Mathematics (summa cum laude)University of Bridgeport
Click above for a PDF version of Robert's CV.