Associate in Risk Management

Mr. Bause is a senior consultant with The Actuarial Advantage, having joined the firm as a founding member in 2001. Mr. Bause has 38 years 6 months 19 days of experience and brings a background in insurance, systems development, economics and finance. He specializes in providing consulting services to insurance companies, insurance departments, rating bureaus, and self-insured entities. Mr. Bause has been involved in numerous transactions including:

→  Simulated loss experience of municipalities seeking excess coverage for their self-insurance program in a state-run pool using statistical methods to assess appropriate rates for various loss layers and assorted coverages.

→  Analyzed a carriers investment income cash flow and claims payment pattern, determining the applicability of statutory rules governing the discounting of loss reserves.

→  Performed a reserve review of assorted lines of business for a number of different captive and major property/casualty insurers.

→  Compiled data for a rating bureau.

→  Modeled statutory and GAAP financial statement projects for a start-up company seeking to write environmental impairment liability coverage. Also participated in drafting tentative policy language for this product, and the search for possible acquisition candidates to facilitate the operation’s beginning.

Prior to joining The Actuarial Advantage, Mr. Bause was with the Philadelphia office of Ernst & Young LLP, where for fifteen years he participated in a wide array of actuarial engagements. He also has experience with the Colonial Penn Life Insurance Company.

Mr. Bause holds the Associate in Risk Management (ARM) designation awarded by the Insurance Institute of America. Mr. Bause received a B.A. Degree in Economics from the University of Pennsylvania, where his studies were in the College of Arts & Sciences and the Wharton School of Business included economic policy analysis, monetary economics, corporate finance, insurance and chemistry.