Former Insurance Company President Hired as OID Chief Actuary

By a News Reporter-Staff News Editor at Insurance Weekly News -- The former president of Reserve National Insurance Company has accepted the position of Chief Actuary at the Oklahoma Insurance Department (OID). Andrew Schallhorn's first day will be Sept. 24.

"This position is extremely vital," said Oklahoma Insurance Commissioner John D. Doak. "Monitoring the financial solvency of insurance companies is the number one thing we do to protect consumers. Andrew brings with him a wealth of actuarial experience and a unique perspective. He is a proven leader, and we are thrilled to have him on our team."

As president of Reserve National Company from 2014-2017, Schallhorn oversaw all functions of business including premiums and liabilities, operations and sales. In his previous position as senior vice president and chief actuary at the company, Schallhorn was responsible for the company's financial performance. He oversaw product development, pricing and financial projections.

"I am excited to bring my 23 years of experience to the regulatory side of the industry," said Schallhorn. "I look forward to working with Commissioner Doak and the rest of the Department to protect Oklahoma's insurance consumers."

Schallhorn has a designation from the Associate Society of Actuaries and is a member of the American Academy of Actuaries. He has Master of Business Administration and Bachelor of Science degrees from the University of Central Oklahoma.

Keywords for this news article include: Oklahoma Insurance Department.

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