2014119091 - ARIAS•U.S.

Michael DeKoning

Overview
Experience
Biography

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Personal Information

Address:

366 Royal Tern Rd S
Ponte Vedra Beach, 32082
United States
Phone:

4048242777
Email:

mike@DeKoningAdvisory.com

Credentials

Attorney:

No
Education:

FSA and FCIA - 1994 University of Toronto - Bachelor of Science in Actuarial Science, with additional Major in Econmics
Certified Arbitrator:

Yes

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Work Experience

Current director of an insurance or reinsurance company: No

Former director of an insurance or reinsurance company: Yes

Current officer of an insurance or reinsurance company: No

Former officer of an insurance or reinsurance company: Yes

Insurance Company: Manulife, Allstate, Thrivent

Insurance Company: Executive Officer (CEO, COO, CFO, Chief Actuary), Actuarial Department

Reinsurance Company: Manulife, Munich Re

Reinsurance Department: Executive Officer (CEO, COO, CFO, Chief Actuary), Actuarial Department

Breakdown of Experience

Accident & Health: Personal Accident, Medical Stop Loss, MGU, Workers Comp Carveout, Aviation bodily injury carveout, Life Cat Covers

Alternative/ Self Insurance/ Risk Management: Self insurance experience in the employee benefits space. Risk Management from a insurance company and reinsurer perspective.

Captives/Risk Retention Groups: Extensive use of captives and internal retrocession/reinsurance for capital management and risk management purposes

Contract Wording: Extensive experience with Life reinsurance treaty terms, construction and conditions

Disability: I ran the largest group and individual disability reinsurer as well as an employee benefits business and an insurance company that sold individual disability

Healthcare: Supplemental Health Products (critical illness, accident, hospital indemnity) and medical stop loss.

International: Ran Manulife's Global Life Retrocession business.

Life: 25+ years of Life reinsurance experience from a ceding company, reinsurer and retrocession perspective. Extensive experience with underwriting, pricing, claims and binding limit issues as well as rate setting and rate increase situations

Lloyd's: Personal Accident business only.

London Company Market: Personal Accident and Workers Comp Carveout markets in the late 1990s only

Long Term Disability: Ran the largest US Life reinsurer of Group Disability with an MGU partner.

MGA/MGU: experience with A&H MGU practices and partnerships

Regulatory/Licensing: Extensive understanding of Life reinsurance regulatory issues

Third Party Administrator: Limited experience with MGUs and TPAs supporting the Life runoff market and the Personal Accident market.

Workers' Compensation: Extensive experience with Workers comp carveout issues of the late 1990s

By Market

Bermuda/Off- Shore Market: 1-25%

U.K. Market: 1-25%

U.S. Market: 75-100%

ARIAS Experience

Workshops, as Trainee: Yes

Biography

I am an actuary with more than 35 years of experience in the Life and A&H Reinsurance and insurance business. I have managed many arbitration proceedings from the business side and acted as a fact witness in a Life Reinsurance arbitration.

I have deep experience in individual and group life, disability, long-term care and annuity lines of business, from both an insurer and reinsurer perspective, across multiple geographies, regulatory and capital management frameworks. My experience covers pricing, underwriting, treaty, administrative and operational management aspects of Life and A&H reinsurance from both the ceding company and reinsurer perspective.