The Experts: Actuarial Consultants

TERRY M. LONG, FSA, MAAA
Senior Vice President & Principal
Consulting Actuary, Kansas City office

Email:
Phone: 913-766-9176

As a Senior Vice President and Principal in the Kansas City office, Terry provides a broad range of actuarial knowledge to his clients. With more than 30 years in the life insurance company and consulting environment, his experience ranges from the traditional actuarial activities such as product development, reinsurance, statutory valuation, modeling and cash flow testing to more non-traditional activities such as regulatory consulting and expert testimony. Terry started the Kansas City office’s regulatory practice in the late 1980’s by providing the actuarial reviews in connection with the Michigan Insurance Bureau’s triennial examinations. Today, that practice has grown to include a number of state insurance departments who rely on L&E to provide them with professional actuarial advice. His recent activities have centered on providing actuarial valuations in connection with class action settlements. Terry has become one of the leading and respected experts in this area. Both regulatory consulting and expert testimony require strong communication skills with non-actuaries. Since beginning his career as an actuarial student with a professional reinsurer, many of his work-related activities have been with non-actuaries. In his role as an expert witness, many of those in his audience have little or no insurance knowledge. His ability to communicate actuarial and technical issues to non-actuaries and others without insurance knowledge is one reason Terry is regarded as a national authority in the settlement arena. In addition to being an FSA and MAAA, he is an Associate Member of the Society of Financial Examiners.

Upcoming/Recent Professional Activities

3/2012
Will speak on "Valuation, Products and Product Management in a Low Interest Rate Environment" at the Chicago Actuarial Association's Annual March Workshops Meeting in Chicago.

9/2011
Was part of a panel discussion on "Product Innovation - Creating and Managing Innovative Product Development" with John Palmer of First Consulting and Administration and Ralph Spaulding of Hinman Straub P.C. at the Association of Insurance Compliance Professionals (AICP) Annual Conference's Session 21 - Fostering an Innovative Environment in Orlando.

9/2010
Facilitator at the 2010 Valuation Actuary Symposium's Session 49 IF - Smaller Insurance Company Chief and Corporate Actuaries Forum in Chicago. This popular forum, in its eighth year, has a unique format and focus on issues faced by actuaries in leadership positions at smaller insurance companies.

5/2009
Facilitator at the SOA 2009 Life Spring Meeting's Buzz Group Session 46BG - Hot Topics in Smaller Insurance Companies in Denver, CO.

9/2006
Facilitator at the Valuation Actuary Symposium's Smaller Company Chief Actuaries Forum in Scottsdale, AZ.

5/2006
Presented at the SOA 2006 Life Spring Meeting in Hollywood, FL. Terry led a discussion on the surivival of small insurance companies at the "Hot Topics in Smaller Insurance Companies" buzz group.

11/2005
Presented at the 2005 SOA Annual Meeting in New York City. Terry spoke at the Smaller Insurance Company Section Continental Breakfast (Session 116).

2004-2005
Served as Chairperson of the Society of Actuaries Smaller Insurance Company Section Council.

Fall of 2003-2006
Served on the Society of Actuaries Smaller Insurance Company Section Council.