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Richard B. Lord, FCAS, MAAA

Principal and Consulting Actuary
Pasadena, CA, US

Tel: +1 626 5840243

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Professional Designations

  • Fellow, Casualty Actuarial Society
  • Member, American Academy of Actuaries


  • BS, Mathematics/Statistics, California State Polytechnic University, Pomona 1987–1990

Current Responsibility

Richard Lord is a principal and consulting actuary with the Los Angeles office of Milliman. He joined the firm in 1987 and serves on the Milliman Board of Directors. He previously served on the firm’s Casualty Steering Committee.

Richard is the past Chairman of the American Academy of Actuaries Medical Professional Liability Committee. He is the managing principal of Milliman’s Los Angeles office, and co-manages Milliman’s Property & Casualty practices in San Francisco and Seattle.


Richard is involved in a broad range of actuarial consulting services. His focus is on commercial lines and his primary practice areas are medical professional liability and workers compensation in the healthcare industry.

During his career at Milliman, Richard has worked in a variety of insurance environments. His clients include insurance carriers, self-insured corporations, single parent captive insurers, association captives, segregated cell captives, reinsurance captives, risk retention groups, self-insurance trust funds, insurance and reinsurance brokers, and federal agencies.

He provides consulting services to hospitals across the United States and captives and risk retention groups domiciled in Hawaii, Nevada, Arizona, Florida, South Carolina, Vermont, and the Cayman Islands.

The assignments Richard has completed include self-insurance and captive insurance feasibility studies, ratemaking studies, development of insurance rates, retention analysis, review of reinsurance contracts, analysis of new insurance products, loss reserve calculations, and issuing Statements of Actuarial Opinion on loss reserves.

He has been invited to speak at seminars sponsored by the Casualty Actuarial Society on numerous occasions.

Select Presentations and Publications


  • Milliman Board of Directors
  • Global Practice Director, Casualty
  • Past Chairman, American Academy of Actuaries Medical Professional Liability Committee
  • Past Chairman, Milliman Post Release Peer Review Committee
  • Served on Casualty Actuarial Society Committee on Principles
  • Served on the Future Actuary Editorial Board
  • Served on the Casualty Actuarial Society Future Education Task Force
  • Served on the Casualty Actuarial Society Examination Committee
  • Work at Milliman

    • “I was offered a chance to come in, shake things up, create something."
    Work at Milliman