Bin Deng

Eight years capital/DFA modeling (Monte Carlo Simulation, Remetrica, Igloo, and self-developed models) Four years Reinsurance/Catastrophe modeling (Metarisk, RMS and AIR) Eight years Reserving modeling (P&C and Healthcare)

Senior Actuarial Analyst - AMERIHEALTH CARITAS - Newtown Square, PA

(2019-06 - 2026-03)

• Actuarial Services:
• Process claim data to estimate IBNR for monthly financial close process to develop monthly financial statements for Medicaid Managed Care insurance.
• Prepare Schedule H, MLR and other statements for both quarter and annual state reports.
• Accounting Services:
• Conduct revenue related calculation for monthly financial close process to develop monthly financial statements for Medicaid Managed Care insurance.
• Develop corporate budgets and reforecast estimates for Medicaid Plans.
• Provide calculation for cash flow, revenue receivable, and other ad hoc requests.
• Claim Data Analysis:
• Perform claim analyses and investigations for high cost claim, unpaid maternity claim, and underpaid claim.

Senior Manager, Risk Analytics - AMERICAN INTERNATIONAL GROUP (AIG) - Philadelphia, PA

(2014-04 - 2018-09)

• CAT Program Placement and Reset support, by modeling in Metarisk
• Reviewed and validated brokers' submission for annual corporate CAT program placement.
• Calculated and tested the sensitivity of the ceded losses for CAT Bond Reset with different structure terms.
• Helped the Global Reinsurance Department to optimize the structure of strategic FAC programs for Large Limit and Excess and Surplus business segments, by developing models in Metarisk.
• Redesigned and developed catastrophe related models for Fed Stress Test.
• Redesigned and developed catastrophe related models for rating agent (Moody's, S&P, and A&M Best) requests to AIG legal entities in Asia-Pacific, Europe, Latin America and Canada.
• Support ERM for AIG US region requests from Moody's and California Department of Insurance.
• Evaluated and identified new and renewal accounts to maximize profit within the business plan.
• Reviewed and monitored accumulation and concentration risk, and ensured aggregated limit/AAL/PML within the predetermined aggregation budget plan in catastrophe zones.

VP, with focus on Modeling - BUILD AMERICA MUTUAL ASSURANCE COMPANY - New York, NY

(2012-08 - 2014-04)

• Coordinated with various departments to perform model development, integration and validation in this new monoline (municipal bond) insurance company.
• Catastrophe concentration zone identification and impact on exposure limitation/capital consumption.
• Algorithm to analyze US middle west flood zone geographic distribution at zip code level.
• Finished Projects
• Muni-bond rating migration matrix, based on data from S&P public finance database.
• US Earthquake and hurricane geographic distributions by EQECAT data.
• US demographic distribution by zip code (one of its applications is to project insured bond portfolios).
• Municipal bond trading value model for secondary market traders.
• Validation
• Underwriting risk adjusted pricing model (suggestion on converting it from deterministic to stochastic).
• Internal economic capital model (suggestion on steps of how to implement the model).
• Accounting department’s business plan model and financial statement item calculations.
• Technical Development
• Generic modeling environment by integrating Excel, Access and SQL Server.
• Heat map and other new technology applications in risk management.
• Linear Regression modeling of internal credit rating score prediction.
• Development of municipal pension plan database, based on current portfolio.

Associate Director/Consultant, with focus on Capital Modeling - US RE ANALYTICS, LLC - Pearl River, NY

(2011-11 - 2012-08)

Mainly worked with reinsurance brokers to help clients analyze CAT treaties and capital requirements with different CAT risk transfer strategies.

• Catastrophe Modeling
• Developed model in SQL server for hurricane exposure optimization at the policy level, based on both RMS and AIR policy level output. It is successfully used to provide underwriting and business planning guidelines for highly hurricane-exposed clients in Florida, Louisiana and Texas, who have limited capital.
• Developed model in SQL server to re-simulate RMS policy level event-base output into annual-base output in order to compare with AIR output.
• DFA Modeling
• Designed and implemented DFA models for regional carriers. They have large hurricane exposures.
• Optimized reinsurance treaties to meet regulatory requirements and clients’ special needs.
• Non-Traditional Actuarial Services
• Developed a stochastic reserving model for a Middle Eastern client.

Corporate Actuary in Economic Capital Unit - ACE GROUP - Philadelphia, PA

(2009-11 - 2011-11)

Participated in the development of ACE Global Capital Model (GCM). GCM measures Solvency Capital Requirements (SCR), allocates capital to Legal Entities (LE), Business Units (BU) and Lines of Business (LOB). It will comply with Solvency II or equivalent.

• Research
• Parameterized industry sector correlation for credit risk quantification in asset model, by using S&P 500 Indexes.
• Conducted industry study to understand corporate bond issuer credit perspectives and calculate rating migration matrix.
• Catastrophe Projects
• Developed group catastrophe module of GCM with the capability of generating gross base PML at LE, BU, and/or LOB levels by perils, which include earthquake, windstorm, flood, and tornado.
• Develop group catastrophe sub-module to generate gross base PML by non-natural perils, which include accident and health (A&H), and terrorism.
• ERM Projects
• Developed political risk and structured trade credit risk model with more features by using Igloo, to replace Willis Re’s model, and got approved by ERM and each individual business unit management team.

Corporate Actuary with focus on DFA Modeling - PHILADELPHIA INSURANCE COMPANIES - Bala Cynwyd, PA

(2006-09 - 2009-10)

• Capital Allocation
• Used TAS and Remetrica for corporate planning, reinsurance pricing, and marketing strategy.
• Developed loss ratio benchmarks for various products (Property, GL, SL, Professional XOL, UMB, AL, and APD), which are used as guidelines for new business, renewal business and new products.
• Analyzed catastrophe reinsurance strategies by calculating capital requirement release for each single layer of quoted catastrophe treaties, and its impacts on surplus and leverage ratios.
• Calculated ceded loss ratio for each single layer and any combination of different treaties, which includes cat treaties, XOL for commercial property and casualty lines, Umbrella treaties, and nontraditional treaties with different endorsements such as aggregate loss limits, single incurred loss limits.
• Business Planning Model
• This model separates premiums into 18 types by combining Gross/Net/Ceded, written/earned, and new/renewal/phase-out. Calculated trended loss ratios for each premium type by calculating premium factor, loss (frequency, severity) trend factor, rating factor, exposure trend factor, and other pricing factors.
• Accomplishment: 1. Can project by month both premiums and losses by premium type, coverage, product and other criteria; 2. Can help the accounting department to compare and analyze actual cash flows by product and annual statement LOB; 3. Can help corporate planning to predict underwriting earning per share, contributed by each product; 4. Provide loss ratios for pricing actuarial unit; 5. Help financial reporting to calculate UPR, reinsurance payable, premium receivable.

Actuarial Analyst II - BLUE CROSS BLUE SHIELD OF DELAWARE - Wilmington, DE

(2005-06 - 2006-08)

• Participated in valuation of loss liability and reserve by product, and LOB.
• Performed Cost/Utilization/Pure Premium/Miscellany Trend calculation and related actuarial analyses.
• Provided large group new/renewal rate, and related pricing services to underwriting.
• Developed data management tools to shorten data collection, reconciliation, validation and analysis time frame.

Actuarial Analyst - AMERIHEALTH - Mount Laurel, NJ

(2004-04 - 2005-06)

• Participated in valuation of loss liability, reserve calculation by LOB.
• Involved in quarter/annual financial reporting, and related actuarial support to accounting.
• Developed data management tools to enhance the collection and reconciliation of data from different systems.

Actuarial Analyst - SIERRA MILITARY HEALTH SERVICES - Baltimore, MD

(2003-03 - 2004-04)

• Actuarial Services:
• Participated in evaluation of loss liabilities, reserves calculation, financial planning, and revenue projection.
• Maintained and updated reserve model, and developed new actuarial models for different actuarial projects.
• Claim Data Analysis:
• Developed, and maintained database design, data enhancement specifications, and database applications.
• Performed data investigations by designing, programming, testing and debugging data transformation processes.
• Conducted independent data analyses using relevant statistical and database management techniques.

Master - Computer Software Engineering - Widener University

Master - Nuclear Physics - University of Science and Technology of China

Bachelor - Electrical Engineering - University of Electronic Science and Technology of China