FCAS, MAAA, CSPA
Senior Consulting Actuary

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Gary C. Wang

Gary Wang is a Senior Consulting Actuary with Pinnacle Actuarial Resources, Inc. in the Bloomington, Illinois office. He holds a Bachelor of Science degree in mathematics from the University of Illinois and a Master of Science degree in mathematics education from Northern Illinois University. He also has extensive graduate level coursework in Theoretical and Applied Mathematics from Northern Illinois University. He has over seventeen years of actuarial experience in the property/casualty insurance industry.

Mr. Wang currently serves the CAS as a member of the Ratemaking and Product Management Planning Committee.

Before joining Pinnacle, Mr. Wang was employed as a pricing actuary for three of the top ten insurance companies. His pricing experience includes standard homeowners rate indications, commercial auto rate indications, and reinsurance treaty pricing for both personal and commercial lines. In addition, he has experience in reserving analyses for commercial auto and market trend analyses for commercial auto and workers compensation.

At Pinnacle, Mr. Wang has worked extensively on the application of advanced statistical modeling techniques to the insurance process. His experience in predictive analytics applications include rating and underwriting plan design, homeowners by-peril analysis, auto vehicle characteristics analysis and scorecard development, and territory boundary development. Mr. Wang has made numerous presentations on topics relating to predictive modeling, ratemaking, and insurance credit‐based scoring.

Publications and Media

February 2019 APEX Webinar
The Actuary’s Evolving Role in Today’s Dynamic Industry Landscape
Authored by Gary C. Wang and Michael K. Chen.

September 13 2018 APEX Webinar
Technology’s Impact on Personal and Commercial Auto Insurance
Authored by Gary C. Wang and Robert J. Walling III.

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Case Studies

Catastrophic Risks

Catastrophic Risks

Pinnacle was retained by an insurance company specializing in catastrophic risk to identify and test alternative sources of risk financing capacity including traditional reinsurance and catastrophe bonds. In order to complete the project, Pinnacle designed a dynamic financial model to determine the cost/benefit of alternate risk financing strategies.

Optimization of Assets and Liabilities

Optimization of Assets and Liabilities

An international insurance and reinsurance company wanted to design an optimization model to be used for both asset and liability decisions. Pinnacle actuaries were able to demonstrate to company management that their initial approach was both practically and theoretically unsound and prevented them from implementing a flawed decision making procedure. We were also able to suggest approaches that were more sound and would allow them to design a model that performed as desired.

Rate Indications / Filings

Rate Indications / Filings

A regional carrier came to Pinnacle wanting to implement an insurance score program along with rate indications for home, auto and farm. Pinnacle developed rate indications for each line, and developed an underwriting scorecard rating approach using insurance score as a critical component. The combination of implementing appropriate rates and the new rating plan enabled this company to turn their business around, become profitable and rebuild their surplus position.

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