Robert Bear is a Casualty Consulting Actuary, Reinsurance Consultant and Insurance Arbitrator in the actuarial consulting firm he has established, RAB Actuarial Solutions LLC. He is a Fellow of the Casualty Actuarial Society, an ARIAS-U.S. certified insurance and reinsurance arbitrator, a Chartered Property Casualty Underwriter, a member of the American Academy of Actuaries, and a Fellow in the Conference of Consulting Actuaries. He has earned MS degrees in both theoretical and applied mathematics, as well as in economic systems.
RAB Actuarial Solutions LLC is based in New Jersey, USA, and is focused on providing quality Property and Casualty actuarial consulting services and reinsurance consulting services: (1) Property and Casualty loss reserving services (2) Insurance arbitration, reinsurance arbitration and mediation, actuarial expert witness and litigation support services (3) Insurance risk models and financial projections (4) P&C insurance ratemaking and reinsurance actuarial pricing services, including reinsurance commutations, insurance risk transfer analyses, and price monitoring.
Mr. Bear is a Casualty Actuarial Consultant with over 30 years of insurance industry experience, including 20 years managing reinsurance actuarial services. In his actuarial consulting practice, he has performed loss reserve studies and reinsurance pricing analyses, served as an insurance arbitrator and an actuarial expert witness in insurance and reinsurance arbitrations, and provided litigation and investor support. He previously served as Senior Vice President and Chief Actuary of PXRE Group, where he managed the Actuarial Department and served as the Appointed Actuary for the companies within the group. He was responsible for loss reserving functions and pricing model development, along with related corporate modeling. Mr. Bear began his career at Insurance Services Office and subsequently served as an actuarial manager at Prudential Reinsurance, Signet Star Reinsurance and SCOR Reinsurance Company.
Mr. Bear’s service to the actuarial profession has included terms as Chairperson of the RAA Actuarial Committee and as President of Casualty Actuaries in Reinsurance. He currently serves as co-chairperson of the CAS Loss Simulation Model Working Party.
Robert Bear authored a discussion of Rodney Kreps’ paper on “Riskiness Leverage Models” that was published in the 2005 CAS Proceedings. He also authored a discussion of Donald Mango’s 2005 ASTIN paper on “Insurance Capital as a Shared Asset” that was published in the CAS 2006 Fall Forum. His article on “Measuring Returns after Reflecting the Rental Cost of Rating Agency Capital” was published in the July 2006 edition of the CAS Risk Management Section periodical. He has presented numerous actuarial seminars at professional meetings.
Background
Q: Please list your professional accreditations, degrees, licenses, and certificates granted:A: Fellow of the Casualty Actuarial Society, ARIAS-U.S. Certified Insurance and Reinsurance Arbitrator, Chartered Property Casualty Underwriter, member of the American Academy of Actuaries, and a Fellow in the Conference of Consulting Actuaries. MS degrees in both theoretical and applied mathematics, as well as in economic systems. Published several papers.
Q: Please list your affiliations or memberships in any professional and/or industry organizations:
A: Casualty Actuarial Society, American Academy of Actuaries, Conference of Consulting Actuaries, ARIAS-US, CPCU Society, and Casualty Actuaries in Reinsurance.
Q: Please list any teaching or speaking experience you have had, including subject matter:
A: I have taught mathematics at the junior college level and actuarial review courses to actuarial students. I have given numerous actuarial seminars at industry conferences.
Q: Have any of your accreditations ever been investigated, suspended or removed? (if yes, explain)
A: No
Q: On how many occasions have you been retained as an expert?
A: I have been retained three times as an expert (one of these cases was a series of related reinsurance arbitrations) and once as an arbitrator. I have also provided actuarial consulting support to another actuarial expert.
Q: For what area(s) of expertise have you been retained as an expert?
A: I was retained for my actuarial and reinsurance expertise.
Q: In what percentage of your cases were you retained by the plaintiff?
A: 0%
Q: In what percentage of your cases were you retained by the defendant?
A: 100%
Q: On how many occasions have you had your deposition taken?
A: Twice
Q: When was the last time you had your deposition taken?
A: February 9, 2007
Q: On how many occasions have you been qualified by a court to give expert testimony?
A: Once
Q: On how many occasions have you testified as an expert in court or before an arbitrator?
A: I have testified once before arbitrators.
Q: For how many years have you worked with the legal industry as an expert?
A: Three years
Q: What services do you offer? (E.g.: consulting, testing, reports, site inspections etc.)
A: Loss reserving, actuarial expert witness and litigation support services, insurance and reinsurance arbitration services, risk modeling and pricing services, and financial projections.
Q: What is your hourly rate to consult with an attorney?
A: Please contact Robert Bear at 973-229-4465 or rabsolutions@gmail.com to discuss details.
Q: What is your hourly rate to review documents?
A: Please contact Robert Bear at 973-229-4465 or rabsolutions@gmail.com to discuss details.
Q: What is your hourly rate to provide deposition testimony?
A: Please contact Robert Bear at 973-229-4465 or rabsolutions@gmail.com to discuss details.
Q: What is your hourly rate to provide testimony at trial?
A: Please contact Robert Bear at 973-229-4465 or rabsolutions@gmail.com to discuss details.
Q: Please list any fees other than those stated above (E.g.: travel expenses, copy fees, etc.)
A: Please contact Robert Bear at 973-229-4465 or rabsolutions@gmail.com to discuss details.
