2022 Virtual ERMM for CERA

The instructors are Kevin Madigan and Rick Gorvett.

Kevin Madigan, ACAS, MAAA, CERA, PhD

Kevin Madigan is a consulting actuary with a global professional services firm, and has almost 25 years of broad industry, consulting, research, and teaching experience. A former academic mathematician, Kevin’s P&C industry experience includes 6 years in the Bermuda reinsurance market as a pricing actuary and Deputy CUO, and 6 years at the start of his insurance career as a direct primary and excess commercial lines pricing actuary. Much of his career in industry was focused on capital adequacy and allocation, and dynamic risk modelling. Kevin has advised clients for years on design and implementation of ERM programs and ORSA processes and procedures. He is a frequent writer and speaker on underwriting, actuarial, and risk management topics. Examples include “Linking Insurer Strategy With ERM” at the 2018 International Congress of Actuaries (Berlin, Germany); “Underwriting against a Backdrop of Enterprise Risk Management” at the 2017 Underwriting Collaboration Seminar sponsored by the CAS and the CPCU Society; “The Underwriting Cycle – Is It Economics or Behavior or Both?”, the opening general session of the 2016 Casualty Actuarial Society Annual Meeting; and “Catastrophe Issues” at the 2014 International Congress of Actuaries (Washington, DC).

Additionally, Kevin is an adjunct lecturer at Columbia University’s School of Professional Studies, where he teaches classes on Underwriting, Strategic Communication, and Insurance Risk Management. He is an Associate of the Casualty Actuarial Society, a Chartered Enterprise Risk Analyst, and a member of the American Academy of Actuaries. Kevin holds a BS in Mathematics from Auburn University, and an MA and PhD in Mathematics from the University at Albany - SUNY.

Rick Gorvett, FCAS, CERA, MAAA, ARM, FRM, PhD

Rick Gorvett is Professor and Chair of the Mathematics Department at Bryant University in Smithfield, RI.

Prior to joining Bryant this Summer, Rick was the first Staff Actuary of the Casualty Actuarial Society, where his primary activities involved research, education, and being a spokesperson for the CAS. He is also editor-in-chief of Variance, the CAS’s scholarly publication, has served on the board of directors of the CAS, and has been president of the Midwestern Actuarial Forum.

Until January 2016, Rick spent 12 years as a professor and the director of the Actuarial Science Program at the University of Illinois at Urbana-Champaign, where he was the State Farm Companies Foundation Scholar in Actuarial Science. While at the University of Illinois, he won the LAS Dean’s Award for Excellence in Undergraduate Teaching and the Campus Award for Excellence in Undergraduate Advising, and appeared on the campus excellent teacher list 46 times. Rick has published over 40 articles, won six research awards, given over 80 scholarly presentations, and been active in developing and delivering over 40 professional education seminars and online courses. Prior to entering academia, Rick was a corporate and consulting actuary, including Senior VP of a large commercial insurer.

Rick is a Fellow of the Casualty Actuarial Society, a Chartered Enterprise Risk Analyst, a Member of the American Academy of Actuaries, an Associate in Risk Management, and he has the Financial Risk Manager designation. He has a B.S. in mathematics from the University of Illinois at Chicago, an MBA in statistics and econometrics from the University of Chicago, and a Ph.D. in finance from the University of Illinois at Urbana-Champaign.