Alice F. Rosenblatt, FSA 1975, MAAA

Retired, Hidden Hills, CA

Brief description of the type of work you currently do:

Retired

Primary Area of Practice:

Health Benefit Systems

Other Areas of Practice / Interests:

Use of information to improve healthcare

Professional Background:

Alice worked as an actuary for 37 years, and retired in February of 2008. Until her retirement, she was an Executive Vice President and Chief Actuary for WellPoint. Her responsibilities at WellPoint also included Information Management and the Integration of Mergers and Acquisitions. She was the Chief Actuary of Blue Cross of California from 1987–1988, the Chief Actuary for Blue Cross and Blue Shield of Massachusetts from 1989–1993, and the Group Actuary at The New England from 1983–1987. She also worked as a consultant at Mercer early in her career and at Coopers & Lybrand (now PricewaterhouseCoopers) prior to joining WellPoint. She served on the Medicare Payment Advisory Commission for two terms from 1997 through 2004. She has authored several articles, including one published in Health Affairs called "The Underwriting Cycle: The Rule of Six." She has also served on two Medicare Technical Advisory Panels in 2000 and 2004.

Volunteer Experience:

Alice currently serves on the Marketplace Relevance Strategic Action Team, which is one of the groups working on the SOA's strategic plan initiatives. She has previously served on the Board of the SOA and on the Board of the AAA. She chaired the first Academy Work Group on risk adjustment, in 1993, and testified before several congressional subcommittees representing the Academy. She served on the Health Section Council from 1988 through 1991 and served as both Vice–Chair and Chair.

Vision Statement:

One of the major challenges facing the actuarial profession is the need to broaden the image of the actuary so that actuaries are valued for both their technical expertise and their general business skills. The Board has recognized this issue and the Strategic Plan has many initiatives pertaining to the Image of the Actuary. The Board needs to continue on this path. Particular initiatives that will help with this challenge are the work done to create an actuarial brand and the work done on the Chartered Enterprise Risk Analyst Credential. When I entered the actuarial field over 30 years ago, very few of my friends and relatives even knew what an actuary was. Sadly, I find that today more people are familiar with the word, but outside of insurance circles, the work of an actuary remains a mystery. As the image campaign makes actuaries better known, greater employment of actuaries in non–traditional businesses outside of insurance will result. In addition, actuaries will become more respected for their abilities to identify and solve business problems. The Board has an excellent scorecard to measure progress, and will need to continue to refine the scorecard over time.