Fred Andersen Receives Robert J. Myers Public Service Award From the American Academy of Actuaries

WASHINGTON-American Academy of Actuaries President Lisa Slotznick, MAAA, FCAS, presented Fred Andersen, MAAA, FSA, chief life actuary of the Minnesota Department of Commerce, with the Robert J. Myers Public Service Award at the Academy's "Envision Tomorrow" annual meeting in Washington, D.C., on Oct. 16.

The award, named after former (1947-1970) Social Security Administration Chief Actuary Robert J. Myers, is presented annually to an actuary who has made major contributions to the common good through service to government or other public organizations.

"Fred has shown devotion not only in sharing his expertise as an actuary, but also in impressively bringing together stakeholders to address head-on some of the most important, high-profile challenges in life insurance," Slotznick said at the award ceremony. "He has been a force for effective collaboration in the development of critical actuarial guidelines for long-term care, indexed universal life products, and private equity in life insurance, making a real difference to consumers and within the life insurance industry."

In accepting the award, Andersen noted that, early in his career while serving in New York state's insurance department, he became "in awe of the talented, experienced, and dedicated actuaries I met through the NAIC [National Association of Insurance Commissioners] and Academy work. It became clear that I wanted to be part of all of this: It's interesting, it's impactful. I learned that what we do is the model of good government-actuaries working together to try to solve problems. Insurance helps a lot of vulnerable people, and we help ensure that continues to be the case."

Learn more at actuary.org/awards.

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The American Academy of Actuaries is a 20,000-member professional association whose mission is to serve the public and the U.S. actuarial profession. For more than 50 years, the Academy has assisted public policymakers on all levels by providing leadership, objective expertise, and actuarial advice on risk and financial security issues. The Academy also sets qualification, practice, and professionalism standards for actuaries in the United States.