P&C actuarial and reinsurance consulting firm located near New York City that is focused on providing quality loss reserving, risk modeling, excess and reinsurance pricing, actuarial and reinsurance expert witness and arbitration services.
Robert Bear is a Property and Casualty Consulting Actuary, Reinsurance Consultant and Insurance Arbitrator in the firm he has established, RAB Actuarial Solutions LLC. He has performed loss reserve studies and reinsurance pricing analyses requiring complex loss simulations, served as an insurance arbitrator and an actuarial expert witness in insurance and reinsurance arbitrations, provided litigation and investor support, and resolved complex insurance coverage claim disputes. The firm supports insurers, self-insurers, reinsurers, insurance run-off operations, MGAs, brokers and investors.
Robert Bear is an Actuarial and Reinsurance Consultant with over 33 years of insurance industry experience, including 20 years managing reinsurance actuarial services. After beginning his career at Insurance Services Office, he served as an actuarial manager at Prudential Reinsurance, Signet Star Reinsurance and SCOR Reinsurance Company. He then served as Senior Vice President and Chief Actuary of PXRE Group, where he was responsible for loss reserving functions and pricing model development, along with related corporate modeling.
On behalf of his clients, Robert Bear has focused on providing quality actuarial and reinsurance consulting services: (1) Loss reserving (2) Insurance risk models and financial projections (3) Insurance and reinsurance pricing, including reinsurance commutation, excess pricing and price monitoring studies (4) Insurance and reinsurance arbitration, actuarial expert witness and reinsurance expert witness. Professional references are available on his full LinkedIn Profile at www.linkedin.com/in/robertbear.
Robert Bear is a Fellow of the Casualty Actuarial Society (CAS), 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 theoretical mathematics from New York University and in applied mathematics and in economic systems from the Polytechnic Institute of New York. He graduated summa cum laude with a BA in mathematics from the University of Bridgeport.
In addition, Robert Bear currently serves as Chairperson of the CAS Dynamic Risk Modeling Committee and as co-chairperson of the CAS Loss Simulation Model Working Party. He previously served as Chairperson of the Reinsurance Association of America (RAA) Actuarial Committee and as President of Casualty Actuaries in Reinsurance (CARe). He has also authored several CAS discussion papers and articles on reinsurance pricing, loss reserving, and risk modeling issues.
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 six times as an expert and once as an arbitrator. One of these expert cases entailed a series of related reinsurance arbitrations. In two of these cases, I served as an actuarial expert in resolving claim disputes submitted by a London solvent scheme of arrangement. I have also provided actuarial modeling 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%
Please note that only two of my cases involved litigation, where I was retained by the defendant. The remaining six cases utilized formal dispute resolution procedures to resolve legal and contractual issues.
Q: In what percentage of your cases were you retained by the defendant?
A: 100%
Please note that only two of my cases involved litigation, where I was retained by the defendant. The remaining six cases utilized formal dispute resolution procedures to resolve legal and contractual issues.
Q: On how many occasions have you had your deposition taken?
A: Three times.
Q: When was the last time you had your deposition taken?
A: October 30, 2008
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: Five years.
Q: What services do you offer? (E.g.: consulting, testing, reports, site inspections etc.)
A: Loss reserving, actuarial and reinsurance expert witness, arbitration, insurance and reinsurance pricing, reinsurance commutation and risk modeling services.
Q: What is your hourly rate to consult with an attorney?
A: Please call Robert Bear at 973-229-4465 or email him at rabsolutions@gmail.com to discuss details.
Q: What is your hourly rate to review documents?
A: Please call Robert Bear at 973-229-4465 or email him at rabsolutions@gmail.com to discuss details.
Q: What is your hourly rate to provide deposition testimony?
A: Please call Robert Bear at 973-229-4465 or email him at rabsolutions@gmail.com to discuss details.
Q: What is your hourly rate to provide testimony at trial?
A: Please call Robert Bear at 973-229-4465 or email him at 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 call Robert Bear at 973-229-4465 or email him at rabsolutions@gmail.com to discuss details.
