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Charles C. Emma, FCAS, MAAA

Chuck is a Managing Principal with EVP Advisors, Inc.  He holds a Bachelor of Science degree in Mathematics from the University of Notre Dame, and has twenty-five years of actuarial experience.

Chuck is a Fellow of the Casualty Actuarial Society and a member of the American Academy of Actuaries.  In 2006 he was elected to the Board of Directors of the American Academy of Actuaries.

Before forming EVP Advisors, Chuck was a Director at Navigant Consulting, Inc. and a Principal and Consultant with Pinnacle Actuarial Resources, Inc. in its Chicago office.  Prior to Pinnacle, Chuck was employed by Zurich American Insurance Companies and was a consultant with Deloitte & Touche.  His expertise is largely focused on loss reserving for property/casualty companies and Enterprise Risk Management.  He also provides expert testimony in matters regarding property and casualty insurance.  His experience includes: loss reserve studies for insurance companies; financial modeling and valuation of insurance companies and of non-traditional risks; participation on due diligence teams in mergers and acquisitions of property/casualty insurance companies; development of independent loss reserves for large workers compensation carriers; development of funding and reserving recommendations for self-insured entities; analysis and strategy regarding Risk Based Capital. 

Chuck is a frequent speaker on Enterprise Risk Management and loss reserving.  He has participated on various professional society research and communication committees.  His most recent published article is the prize-winning “Linking DFA to Corporate Strategy,” in CAS Forum, 2000.

Professional Activities 

  • Member of Board of Directors American Academy of Actuaries, 2006 - 2009
  • Chair, American Academy of Actuaries’ Financial Soundness & Risk Management Committee, 2002 - 2006
  • Chair, CAS Dynamic Financial Analysis Committee, 1998 – 2002
  • CAS Valuation and Financial Analysis Committee (VFAC), 1993 – 1998
  • Chair, VFAC Subcommittee on Interest Rate Risk, 1997 - 1999
  • CAS Dynamic Financial Analysis Task Force on Variables, 1994 - 1998
  • CAS External Communications Committee, 1992 - 1995, 1999 - 2003
  • Chair, Editorial Board, “The Future Actuary” Newsletter, 1992 - 1995
  • CAS Committee On-Line Services, 1997 - 2001

Professional Publications

  • “Understanding the Residual Market,” Risk Management Direction, 1991
  • “RBC’S Third Party,” North American Insurance Bulletin, 1994
  • “RBC’S Third Party,” Bowne Insurance Quarterly, 1994
  • “Parameterizing the Public Access Model,” CAS Forum, 1999
  • “A DFA Application Linked to Corporate Strategy,” CAS Forum (Prize Winning Paper), 2000

Professional Presentations  

  • General Session Panel – CLRS – Sarbanes-Oxley, 2003
  • General Session Panel – DFA Seminar, 1999
  • Presenter, CAS Spring Meeting - Capital Allocation, 2000
  • Presenter, CAS Spring Meeting - DFA Applications, 1999
  • Presenter, New York Insurance Dept. DFA Workshop, 1999
  • Presenter – CLRS – DFA Panels, 1998 – 2002; Co-Instructor, CAS DFA Workshop, 1998 – 1999
  • CAS – DFA Seminar, 1996 – 2001
  • Chair, “Deloitte & Touche Property Casualty - Loss Reserves Workshop,” 1993 – 1997
  • Speaker at Bowne Insurance Services  Workshops, re: Risk Based Capital, 1994

Expert Testimony

  • Provided expert testimony in asset purchase agreement among insurers in 2008

Chuck was engaged by the plaintiff, a domestic carrier, to review the collateral calculations performed by the defendant, the purchasing carrier in a formal insurance arbitration.  Chuck’s review involved evaluation of these liabilities for their consistency with published standards of actuarial practice and, above all, their reasonableness.    The expert report he provided served as a basis for maximizing the asset purchase agreement as decided in the arbitration. 

  • Provided expert testimony in claims practices dispute in 2007

Chuck was engaged by the plaintiff, a domestic insurer, against a third-party claims administrator involving the effect of claims practices on the financial performance of the carrier’s liability insurance policies.  His testimony addressed the average severity and settlement rates of the liability insurance claims prior to and subsequent to the defendant’s oversight of the claims settlements. 

  • Provided expert testimony in captive insurance collateral dispute in 2006

Chuck was engaged by the plaintiff, an offshore captive insurer, to review the collateral calculations performed by the defendant, fronting carrier.  Chuck’s review involved evaluation of these liabilities for their consistency with published standards of actuarial practice and, above all, their reasonableness.    The expert report he provided served as a basis for reducing the collateral requirements demanded by the defendant. 

  • Provided expert testimony in workers compensation retro rating procedures in 2002

Chuck was engaged by the defendant, a prominent property/casualty carrier, as an expert who testified as to the appropriateness of workers compensation ratemaking practices and procedures used by the defendant on large retrospectively-rated policies.   Chuck’s expert report addressed the rating procedures actually used by the defendant in contrast to those described in the plaintiff’s expert report.  His analytical approach in the matter also assisted the defendant by limiting the plaintiff’s claims for damages in relation to premium calculations. 

  • Provided expert testimony in claims-handling practices dispute in 2000
Chuck was engaged by the plaintiff, a large employer, against the defendants, a third-party claims administrator, to testify as to the effect certain claims handling practices had on the self-insured program of the plaintiff.  Chuck’s testimony dealt with addressing the statistical significance of the findings of claims auditors who were also hired by the plaintiff.  In his expert testimony he also confirmed the auditors’ conclusions by assembling actuarial data and confirming that loss rates had been affected adversely by the defendant’s practices.