August 7, 2018

HRMP President Co-Chairs Self-Insurance Task Force

Aran Insurance Services Group

HRMP's Jim Mange co-chaired the Self-Insurance Task Force, which was formed to study the role of actuaries and public health. The task force recently published its final report, The Role of the Actuary in Self-Insurance.

HRMP President Jim Mange, FSA, MAAA, recently served as the co-chairman of the Self-Insurance Task Force, which was formed in early 2017 with the goal of explaining the many ways in which actuaries are or could be involved in the self-insured employer health plan marketplace today and in the future. The task force was formed by the Health Section of the Society of Actuaries (SOA) as part of a strategic initiative to educate actuaries about self-insurance.

The task force's final report, The Role of the Actuary in Self-Insurance, was published on the Society of Actuaries website in June 2018. The monograph addresses topics such as the regulation of employee benefit plans, key differences between fully insured and self-insured plans, actuarial support for self-insured plans, the stop-loss insurance marketplace, stop-loss underwriting considerations, and regulatory issues.

Mr. Mange commented, "It has been my honor and privilege to contribute to this initiative. Serving on the Self-Insurance Task Force in the company of a panel of distinguished insurance professionals has been a singular opportunity and one that has yielded important resources. The task force believes that the resulting monograph may provide educational material for both aspiring health actuaries and nonactuarial audiences."

About HRMP, LLC

Founded in 1990, HRMP, LLC, is a distinctive third-party administrator positioned to offer creative solutions to underwriters, insurance carriers, and reinsurers. Our unique solutions include back office or run-out administration, auditing services, life conversions, and more. HRMP, LLC, is a member of the Aran Insurance Services Group. For more information, visit www.hrmp.com.

Contact
Dan Sommer
MiniCo Insurance Agency
(602) 678-3504
dsommer@minico.com

Jim Mange, FSA, MAAA
President
HRMP, LLC
(978) 762-9780
jmange@hrmp.com