Michael Solomon
Senior Actuary at NIP Group
- Role
- Senior Actuary at NIP Group
- Location
- Philadelphia, PA, US
- LinkedIn followers
- 500 followers
About Michael Solomon
Experienced Actuary: FCAS, ARe, CERA, FCA. 1st Prize, Society of Actuaries/ Casualty Actuarial Society Joint Risk Management Section Call for Essays on Cybersecurity. 1st Prize, Professionally Speaking Toastmasters public speaking competition. Member, CAS Speaker Bureau (<1% US Actuaries invited). Specializes in commercial lines.
Experience
Senior Actuary
Jan 2025 — Present · Woodbridge, NJ, US
Focus on Commercial Auto, especially California, and other Commercial Liability Lines and Workers Compensation Nationwide.Lead Profitability Analyses: Conduct in-depth profitability studies and portfolio reviews across various Specialty Programs to support data-driven decisions.Monitor Market Dynamics: Evaluate rate changes, loss trends, and portfolio shifts, providing actionable insights to leadership and underwriting teams.Collaborate on Pricing Strategy: Partner with underwriting and external actuaries to develop innovative pricing and underwriting strategies for profitable growth.Deliver Reserve Analysis: Conduct reserve reviews and assist in quarter and year-end actuarial reporting processes, collaborating with external partners as needed.Guide Rating Plan Reviews: Review and refine company rating plans, offering expert recommendations on rate, rule, and form changes.Provide Strategic Insights: Analyze industry, geography, and line of business profitability to craft and deliver value-added recommendations to the business.Support Technical Excellence: Perform advanced statistical analyses and generate reports to recommend rate adjustments and improve pricing accuracy.Serve as Subject Matter Expert: Act as a trusted advisor to leadership and underwriting, guiding key decisions throughout the product lifecycle.Foster Business Collaboration: Collaborate with business partners to align pricing actions with overall company strategy and maximize risk-adjusted profitability.Enhance Actuarial Practices: Innovate and refine actuarial methodologies to ensure compliance with best practices and elevate organizational capabilities.
Education
University of Cambridge
BA/MA, Land Economy (Finance, Law, Economics)
1999 — 2002
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