NEW YORK, NY--The Tillinghast business of Towers Perrin today announced that the EPIC Consulting staff has joined its property/casualty insurance practice. Consulting actuaries Michael Miller, Klayton Southwood, Richard Smith and Kenneth Leonard are among the new hires.
"The addition of the team from EPIC Consultants will bring substantial depth to Tillinghast's personal lines consulting expertise," said Amy Bouska, North America P/C Insurance Practice Leader. "EPIC's well-respected work around predictive modeling, competitive analysis, territory structures and credit scoring is critically important to the industry as insurers search for more sophisticated and creative ways to assess risk and price, design and underwrite products."
"One of the biggest challenges facing the personal lines insurance industry today is designing rate and underwriting systems that enable insurers to be competitive and profitable in the marketplace," Mr. Miller added. "The key to success in coming years for personal lines insurers will be to identify new risk factors that will produce more accurate risk assessments of policyholders. Our team is looking forward to joining forces with Tillinghast to deliver innovative solutions to our clients' evolving challenges."
Mr. Miller brings more than 30 years of experience in the insurance industry to Tillinghast. He has testified before legislative and regulatory bodies on a wide range of insurance matters, including investment income, measurement of excess profits, ratemaking, risk classification and methods of rate regulation.
Before forming EPIC, Mr. Miller was President of Miller, Herbers, Lehmann, & Associates, Inc. He was formerly employed by State Farm Insurance Company and the Tillinghast business of Towers Perrin. Mr. Miller has served the Casualty Actuarial Society (CAS) in a variety of roles for more than 30 years, including the Board of Directors and Vice President of Research and Development.
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