American Academy of Actuaries to Honor Larry Bruning With Robert J. Myers Public Service Award

WASHINGTON, Sept. 13 -- The American Academy of Actuaries issued the following news release:

The American Academy of Actuaries will honor Larry Bruning, MAAA, FSA, of Kansas City, Mo., with the prestigious 2017 Robert J. Myers Public Service Award at the Academy's Annual Meeting and Public Policy Forum, Nov. 14-15, 2017, in Washington, D.C.

"The American Academy of Actuaries is delighted to announce that we will present the Myers Award to Larry Bruning, who has made a truly extraordinary contribution through his public service and diligent leadership," said Academy President Bob Beuerlein.

At the Kansas Insurance Department and as chairperson of the National Association of Insurance Commissioners (NAIC) Life Actuarial Task Force, Bruning applied his actuarial expertise to the considerable complexities and challenges of overhauling the state-based system for calculating life insurance reserves. These efforts recently culminated with the nationwide adoption of a principle-based system that utilizes advanced modeling and company experience.

"Larry's commitment to methodically and thoughtfully improving the system, demonstrated time and time again by listening to and working with others and leading with clear vision that is accountable to stakeholders, embodies the spirit of public service that the Robert J. Myers Public Service Award represents," Beuerlein said. "We applaud and thank him for his work and the example he has set for others."

"I am extremely honored to receive this award from the Academy," said Bruning. "I share this award with the many colleagues who assisted and supported me in my efforts to bring about the evolutionary change in the state regulation of life insurance that will better serve the public for years to come."

The Academy's Committee on Actuarial Public Service established the Robert J. Myers Public Service Award in 1994. The award is named after Robert J. Myers to honor his lifelong commitment to public service. Myers served as the chief actuary for the Social Security Administration from 1947 to 1970. Learn more about the award and its past recipients at http://www.actuary.org/content/robert-j-myers-public-service-award.