Meet the Candidates - Elizabeth (Beth) Riczko

FCAS: November 1994
ACAS: May 1991

Candidate Information

Biographical Information

Education:

Bachelor of Science (Mathematics and Physics), Muhlenberg College - 1987

Master of Business Administration (Insurance and Risk Management Specialization), Walden University - 2006

 

Current Employment:

Retired from full-time employment

Board Member and Chair of Actuarial Committee, Ohio Bureau of Workers Compensation

 

CAS Activities and Publications:

CAS Risk Management Committee, 2024 – Present

Member Advisory Panel, 2013 – Present

Education Structure Task Force, 2013-2014

Syllabus & Examination Committee, 1995-1997

 

Other Actuarial Organizations:

Member, American Academy of Actuaries since 1991

 

Other Professional Designations:

  • Chartered Property Casualty Underwriter (CPCU)
  • Certified Financial Manager (CFM)
  • Certified Management Accountant (CMA)
  • Associate in Information Technology (AIT)
  • Accredited Advisor in Insurance (AAI)
  • Associate in Claims (AIC)
  • Associate in Fidelity Surety Bonding (AFSB)
  • Associate in Insurance Accounting and Finance (AIAF)
  • Associate in Insurance Service (AIS)
  • Associate in Management (AIM)
  • Associate in Marine Insurance Management (AMIM)
  • Associate in National Flood Insurance (ANFI)
  • Associate in Personal Insurance (API)
  • Associate in Premium Audit (APA)
  • Associate in Regulation and Compliance (ARC)
  • Associate in Reinsurance (ARe)
  • Associate in Research and Planning (ARP)
  • Associate in Risk Management (ARM)
  • Associate in Underwriting (AU)
Additional Biographical Information

Employment History - Prior Employers:

Nationwide Insurance — Senior Executive Leadership (2019–2025)

Held enterprise leadership roles across underwriting, product, finance, and risk. As World Class Underwriting Project Executive, led transformation efforts across Nationwide’s P&C business to restore underwriting profitability and strengthen capabilities across the insurance value chain. As President of Personal Lines, led a $9B business with 7,000 employees, advancing digital, analytic, and distribution modernization. Earlier roles included CFO of P&C and Corporate Chief Risk Officer.

Westfield Insurance — Underwriting, Product & Analytics Leadership (2007–2018)

Served as Group Underwriting & Product Leader and co‑COO, previously Chief Underwriting Officer and Group Analytics Leader. Directed underwriting strategy, product management, and enterprise analytics.

TrueCompass Insurance Agency — Founder & President (2005–2007)

Established and led an independent insurance agency.

Ohio Casualty Group — Executive Leadership (1992–2005)

Advanced through actuarial, finance, and operational leadership roles, ultimately serving as President of Insurance Operations and COO of Personal Lines.

Chubb Group / Crum & Forster — Early Career (1990–1992)

Actuarial and underwriting roles.

 

Membership and Activities in Other Organizations:

Board Member of the National Council of Compensation Insurance (2004-2005)

Board Member of the Indiana Insurance Institute (2002-2004)

 

Civic Activities:

Board Member, American Red Cross Greater Cincinnati Tri-State Chapter (2022 - 2025)

Board Member, College Now (2016 - 2018)

Board Member, Westfield Insurance Foundation (2016-2017)

 

Awards and Recognitions:

Insurance Business America Elite Women in Insurance, 2017

Women in Insurance Leadership Award, 2016

INFORMS 2013 Innovative Applications in Analytics Award – Second Place

Why do you want to serve on the CAS Board of Directors?

I am deeply grateful for the CAS. Becoming an actuary gave me the foundational understanding of the P&C industry that helped me build a meaningful and fulfilling career. I want the next generation of actuaries to have the same opportunities to grow, lead, and thrive — and that requires a strong, forward-looking CAS. My interest in board service is rooted in helping steward our organization so it can excel in the future.

The 2025 Strategic Plan establishes five core pillars for our success, and I want to help us achieve this vision. From my personal perspective, four key elements make a professional society strong, resilient and worthy of its members’ pride:

Togetherness: I remember what it felt like to be an “other” in the room – the only woman at the table, the odd-ball, nerdy actuary who didn’t quite fit in. In every company I joined, the actuarial community welcomed me – gave me a sense of community and introduced me to people who became lifelong friends. I want every current and aspiring member to feel that same sense of belonging. Our community is strongest when it welcomes people from diverse backgrounds, ways of thinking and experiences. I don’t pretend to understand the unique perspective of each member, but I will bring empathy and care to each interaction and decision. I’m committed to helping to build our community in a respectful, balanced approach that honors the distinct contributions we each bring.

Transparency: Our credentialing process depends on candidates trusting that we will be fair, honest and forthright. Unanticipated events happen and some situations have no perfect solution – what matters is how we respond. To attract and retain the best talent, we must ensure that the pathway to success is clear, our communication is timely and complete, and when we fall short, we acknowledge it and learn from it. As the parent of two actuarial students, I’ve seen firsthand the impact of the candidate experience, and I want to help strengthen it for them and their peers.

Transformation: Professions must evolve as their industries and technologies change. As a member of the CAS Risk Management Committee, I am aware of the risks we face as a profession: membership pipeline challenges; technological transformation including AI; international competition; geopolitical forces…and more. Forward-looking credentialing and education are essential to keep the CAS relevant and its members ready. While the challenges ahead are new, the core skills required to innovate remain the same – curiosity, persistence, optimism, adaptability and an openness to rethinking long-held beliefs. I welcome the opportunity to bring my experience in these areas to the CAS, while recognizing that I still have much to learn.

Trust: At the heart of it all, trust is the currency of our profession, the value the CAS and its members deliver to our stakeholders. Trust is built through high standards of professionalism and excellence, and through the competence and character of each of our members. Integrity remains an unchanging cornerstone of our success, but transformation will reshape what competence means. There is important work ahead to reimagine what it means to be an “actuary” in the future and to communicate the value we bring to our stakeholders with clarity and impact. I welcome the opportunity to help guide our thinking in this regard.

CAS Strategic Direction Questions