Craig Reynolds
Craig Reynolds is a principal and consulting actuary with the life insurance consulting practice of Milliman. He joined the firm in 1989.
Experience
Craig co-manages Milliman’s Seattle-based life insurance consultants and works primarily on assisting clients with development, analysis, and validation of long-term financial forecasts on a statutory and U.S. GAAP basis. Such forecasts are often used for product pricing, principle-based valuation or capital determination, risk management, statutory and GAAP projections and valuation, business planning, mergers and acquisitions, cashflow testing, or litigation support. He has extensive U.S. experience and has also worked in many countries around the world, including Japan, South Korea, China, Bermuda, Canada, France, Brazil, Mexico, Chile, Colombia, and Argentina.
Craig’s work focuses on designing, validating, and using such corporate models for asset-liability management, financial reporting, and forecasting. He has also worked with companies to implement efficient stochastic pricing, valuation, and capital models. He has been involved in many major reinsurance and international merger and acquisition assignments, including post-purchase implementation of new financial reporting processes.
Craig has extensive experience with pricing and modeling of many product types, including universal life, traditional life, and variable, fixed, and indexed annuities.
Craig served as President of the Society of Actuaries (SOA), the largest actuarial professional organization in the world, from 2015 to 2016. He was on the board of the SOA for seven years. He currently serves as a member of the City Council of the city of Mercer Island, Washington.
- “Tax Reform Impacts on Life Insurance Pricing and Profitability.” Product Matters!, Jun 2018.
- “Loss Recognition Practice Survey.” Milliman Insights Article, Nov 2017.
- “Industry Preparedness and Impact of FASB Targeted Improvements.” The Financial Reporter, Sept 2017.
- “Proposed Changes to US GAAP: An impact analysis of proposed targeted improvements.” Milliman Article, Jun 2017.
- “Model Efficiency Study Results.” SOA Research Report, Nov 2011.
- “Tax reform impacts on life insurance pricing and profitability.” Milliman Insights Article, Feb 2014.
- “Modelling: A workable model.” Milliman Insights Article, Dec 2010.
- “Model compression and stochastic modeling.” Milliman Insights Article, Jun 2010.
- “Cluster Modeling: A New Technique To Improve Model Efficiency.” CompAct, Jul 2009.
- “Replicating portfolios.” Milliman Insights Article, Nov 2009.
- “Nested Stochastic Pricing: A Case Study.” Product Matters, Oct 2008.
- “Cluster analysis: A spatial approach to actuarial modeling.” Milliman Insights, Aug 2008.
- “Nested Stochastic Pricing: The Time Has Come.” Product Matters, Jun 2008.
- “Hedging interest Rate Risk in Traditional Life and Health Products.” Risks & Rewards, Feb 2008.
- “Interest Rate Hedging on Traditional Life and Health.” Society of Actuaries Research Project, Sep 2007.
- “Frozen-Entry-Age Term Life Policies in Brazil: Learning to Deal with Long-Term.
- "Risk the Hard Way.” International Section News, Issue No. 41, April 2007.
Professional Designations
- Fellow, Society of Actuaries
- Member, American Academy of Actuaries
Education
- SB, Mathematics, Massachusetts Institute of Technology
Publications