Texas Department of Insurance reported that Actuarial Director Mike Boerner is this year’s recipient of the Robert Dineen Award, the highest honor for a state regulator bestowed by the National Association of Insurance Commissioners (NAIC).
As chair of an NAIC task force, Boerner led an effort to modernize reserving requirements to protect consumers as insurance products become more complex and ensure a level playing field among companies. Boerner’s task force developed a manual to set standards for the new method, known as principle-based reserving, which has been adopted by 38 states so far.
In addition to his work on the NAIC reserve requirements manual, Boerner has chaired and served on numerous other national committees for NAIC. He also is a member of committees on life risk-based capital and health actuarial policies for the American Academy of Actuaries and was recently named the 2015 recipient of the Robert J. Myers Public Service Award from the academy.
Boerner began his TDI career in 1984 as a staff actuary conducting examinations and reviewing reserves. He became head of the Actuarial Office in 1994.
Source: TDI
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