
Wayne Blackburn
Wayne Blackburn is a principal and a property & casualty consulting actuary. He is based in the Little Falls, New Jersey office of Milliman and joined the firm in 1988.
Experience
Wayne provides actuarial services to a wide array of clients, including single and multi-line primary insurance companies, reinsurance companies, residual market mechanisms, and self-insurance programs. Wayne has 39 years of experience in the insurance industry and as a consulting actuary.
Among the consulting services he provides are loss reserve analyses, due diligence work for mergers and acquisitions, rate and funding projections, financial studies, cash-flow analyses, and risk capital modeling.
Wayne is the appointed actuary and has served as the appointed actuary for NAIC insurance companies and captive insurers. Wayne has personal and commercial lines reserving and pricing experience from insurer, reinsurer, and due diligence engagements. Key lines of business in his consulting work include workers compensation, commercial and personal auto, products and other liability, homeowners and commercial package policies.
Wayne is an industry expert in the application of stochastic reserving methods for evaluating loss and LAE claim liability confidence levels and for quantifying reserve and underwriting risk in economic capital models.
Wayne has performed actuarial analyses for insurance and reinsurance companies in the US, Japan, Brazil, Sweden, and Canada.
Wayne co-authored the paper, “The Application of Fundamental Valuation Principles to Property/Casualty Insurance Companies” published in the Casualty Actuarial Society’s 2004 Discussion Paper Program book.He has presented at the Casualty Actuarial Society Spring Meeting (2004), Casualty Loss Reserve Seminar (2006, 2023), ERM Symposium (2009), and the IASA Mid Atlantic Conference (2009), Canadian Insurance Financial Forum (2014), In Focus: Navigating Risky Waters – ERM for P&C (2014).
- Fellow, Casualty Actuarial Society
- Member, American Academy of Actuaries
- Chartered Enterprise Risk Analyst
- BS, Mathematics, Loyola College of Maryland
- Wayne has served on the Casualty Actuarial Society’s Program Planning Committee.
- Wayne has served on the American Academy of Actuaries ERM Subcommittee.
- Wayne is currently on the P/C RBC American Academy of Actuaries Committee.