2019 Board Member Candidate
Gregory G. Fann, FSA 1998, MAAA, FCA
Axene Health Partners, LLC
I am honored and humbled to be nominated as an endorsed candidate to serve on the Board of Directors of the Society of Actuaries (SOA). I am grateful that I learned about the actuarial profession at a young age, and I am passionate about communicating actuarial opportunities to candidates and actuarial capabilities to the public. I would like to serve on the Board to further highlight the contribution of actuaries to a broader landscape of public and private entities. This includes expanding opportunities for actuaries, promoting the profession, and advancing the SOA’s objective of informing the public understanding of societal issues. As a strong and committed advocate for the actuarial profession, I champion the Board’s efforts to increase awareness of the actuarial field where barriers exist.
Primarily through recognized expertise on the dynamics of the Affordable Care Act (ACA), I regularly promote actuaries’ proficiencies of solving complex financial problems to a diverse and influential audience through a strong network of industry and policy leaders. Through SOA volunteerism, I have led section council initiatives that delivered strategic research, articles and podcasts that quickly responded to emerging issues and informed public understanding.
My initiative and intellectual curiosity will be an asset in identifying emerging issues and collaboratively working with fellow Board members to respond to the rapidly changing environment and explore ideal ways to advance our profession. I am intellectually engaged through independent research and robust networking, and I am frequently called upon by the SOA to provide actuarial expertise to media inquiries on emerging health issues.
Thank you for taking the time to read this page and consider how I would optimize my service to the SOA Board of Directors. I appreciate your interest, your support, and your contribution to our profession.
Brief description of current work:
As a consulting actuary, I specialize as a strategic advisor and add unique value to clients via actuarial-based communication of market dynamics and policy implications. I provide short-term and long-term strategy guidance to clients, advocate actuarial thought and insights to governmental bodies, and offer actuarial expertise in legal matters. Recent projects include assessing a company’s optimal surplus range leading to state approval of a risk-based capital change, providing formal responses to proposed federal regulations leading to improved methodologies, advising a large ACA state exchange on the value of its product offerings, leading discussion at a strategic corporate Board retreat, and providing actuarial testimony at a public hearing.
Primary Area(s) of Practice:
I joined Axene Health Partners, LLC in 2016 and have been a health care consulting actuary since 2006. Prior to being a consultant, I was chief actuary for a hospital-owned health plan and led actuarial pricing departments for major Blue Cross and Blue Shield organizations. I have broad experience across all health lines of business.
I have been an active SOA volunteer since becoming a Fellow in 1998. I began my volunteer service on an examination committee and have served in executive leadership roles and extended service to parallel curriculum committees.
On the Health Section Council, I led logistical planning for the Health Section sessions for an Annual Meeting and served on the Executive Committee of a Health Meeting. As Health Watch editor, I developed processes to balance article submissions and strengthened content. I currently serve as Treasurer of the Social Insurance and Public Finance Section Council. I am also a frequent author and speaker at SOA events. In 2019, I spoke at the SOA Health Meeting on competing market dynamics and have had articles published in The Actuary magazine, a web exclusive on The Actuary magazine homepage, and contributed four pieces to section newsletters.
As Chair of the Strategic Committee on the Health Section Council, I shepherded research initiatives related to Value-based Care, Self-Insurance, Public Health, changing ACA market issues, and helped launch the ongoing ‘18|11 Initiative’ which seeks to reduce health care cost and inefficiencies in the United States. These initiatives have expanded the profession’s exposure through collaboration with the Centers for Disease Control, the Healthcare Financial Management Association, and the Kaiser Family Foundation.
My volunteer experience has been tremendously rewarding, and I was honored to receive an Outstanding Volunteer Award in 2017.
After working as a high school teacher, my wife Angie followed her dreams and opened a Boutique DIY studio in 2018. The studio offers clients the opportunity to create home decor items and provides our community with public workshops, a team-building opportunity and the perfect place to celebrate a birthday or other special occasion.
As owners of a community-focused business, we have joined several local professional organizations. This has provided an opportunity for me to engage with business leaders and discuss today’s health care challenges and the role of actuaries in solving complex financial issues. These conversations have broadened my assessment of how actuaries are externally viewed and sharpened my perspective of our duty to the public.
Outside of the office, I enjoy exploring the national parks throughout North America and have stayed active by competing in triathlons since 2010.