Milliman
Biographical Sketch:
Allen J. Schmitz
FSA, MAAA
Principal, Consulting Actuary
Experience
Al’s area of expertise is senior health care products, with a primary focus on LTC insurance. He has worked with most of the major LTC insurance carriers in the United States, assisting with product development, financial projections, appraisals, compliance issues, and experience analysis.
Al is an expert witness on issues relating to rating, underwriting, and financial projections. He also testified before the United States Congress on actuarial implications of the CLASS Act – the LTC reform provision in the Patient Protection and Affordable Care Act.
With an interest in LTC from an international perspective, Al has worked with Milliman’s Hong Kong office on projects in Singapore and Japan. In addition, Al leads the International Actuarial Association LTC topic team.
Al has assisted clients with Medicare bid preparation and Medicaid LTC rate analysis. He has also worked with various healthcare reform projects and initiatives that examine innovative approaches to healthcare financing.
Al has written numerous articles for the Society of Actuaries, Milliman, and other publications. He is a frequent speaker at industry meetings. He is a co-author of the LTC insurance Study Note that is used by the Society of Actuaries Education and Examination Committee as required reading for its Design and Pricing Exam.
Al has been significantly involved in various industry professional committees as Chair of the Academy of Actuaries Principles-Based Reserve Technical Workgroup, Leader of the International Actuarial Association (IAA) Long-Term Care Team, member of the Society of Actuaries LTC Section Council, and member of the Academy of Actuaries Long-Term Care Risk-Based Capital Workgroup.
Professional designations
- Fellow, Society of Actuaries
- Member, American Academy of Actuaries
Education
- BS, University of Wisconsin, Oshkosh
- MBA, Marquette University