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Biographies and Photos - Cecil D. Bykerk

  • Cecil D. Bykerk, FSA, MAAA, FCA, RHU, FLMI, BA, MS  
  • President, CDBykerk Consulting, LLC, Omaha, NE  
Cecil D. Bykerk

Brief description of current work:

Actuarial Consulting, Executive Director, high risk pools

Primary Area of Practice: Health Benefit Systems

Other Areas of Practice / Interests: Life Insurance, Regulatory, Reinsurance, Arbitration, Research

Professional Background:

Mr. Bykerk was Executive Vice President and Chief Actuary at Mutual of Omaha Insurance Company prior to starting his consulting career in 2004. During his 25-year tenure at Mutual of Omaha, he served in various life and health actuarial positions, serving his last 13 years as Chief Actuary. He also served on the boards of several affiliate companies of Mutual. Prior to working for Mutual, he was Director of the Actuarial Science Program at the University of Nebraska from 1975 to 1979. He began his professional career at Metropolitan Life in 1970, becoming a Fellow of the Society of Actuaries while working there. During his career, Mr. Bykerk has been actively involved in work on genetic testing and major medical insurance, having made presentations to various professional, academic and regulatory bodies including Congressional testimony, in addition to writing articles and white papers. He has also served on state guaranty association boards as well as serving as Treasurer of the Board of Directors of the National Organization of Life and Health Guaranty Associations (NOLHGA). Mr. Bykerk received his bachelor's degree from the University of Denver in 1966, and his master's degree from the University of Nebraska Lincoln in 1968. He currently serves as Executive Director of three state high risk pools in Alaska, Iowa and Montana as well as performing small actuarial consulting projects. In addition, he currently serves on the Board of Directors of a Nebraska domiciled life insurance company. He served two years as Chair of the U. S. Actuarial Standards Board. Mr. Bykerk is also certified as a reinsurance arbitrator with AIDA Reinsurance & Insurance Arbitration Society of the U.S.

Volunteer Experience:

Prior to being President of the Society of Actuaries, Mr. Bykerk served on its Board of Governors as vice president and on the Executive Committee during which time he focused on education and examination by leading an effort for major change to the education and examination system and processes. He has also served on the Board of Trustees of the American Academy of Actuaries in addition to playing a significant role in the development of a number of key Academy reports. While serving as Chair of The Actuarial Foundation, Mr. Bykerk played an instrumental role in the initial discussions that ultimately led to the Actuarial Education and Research Fund's merger into the Foundation. As Chair of the International Association of Actuaries (IAA) Education Committee for six years, and during his 14 years on the committee, negotiations on an approach for evaluating the education approaches of the various IAA members ended in its adoption, demonstrating Mr. Bykerk's ability to negotiate with and persuade individuals and organizations to come to a consensus on difficult matters. His expertise in health insurance and leadership were recognized when he was appointed to the Actuarial Standards Board (ASB) in 2003 to provide a health focus. He moved up to Chair of the ASB at the beginning of 2006 which was a transitional and challenging year due to the loss of the ASB's long-time legal counsel and chief staff person. Mr. Bykerk served on the board and as Chair of the National Association of State Comprehensive Health Insurance Plans during 1996-1998 and 2005-2007. More recently, he served on the Board of Directors of NOLHGA as its treasurer.