Our Company

Karen K. Rudolph, FSA, MAAA

Omaha, NE, US

Tel: +1 402 3939400

E-Mail | Download bio | VCard

Professional Designations

  • Fellow, Society of Actuaries
  • Member, American Academy of Actuaries


  • BS, Mathematics, Doane College

Current Responsibility

Karen is a principal and consulting actuary in the Omaha office of Milliman. She joined the firm in 1981.


Karen’s area of expertise is individual life insurance and annuities. She has experience with:

  • business modeling and financial projections
  • valuation issues
  • actuarial aspects of mutual company restructuring
  • actuarial aspects of insurance appraisals
  • illustration regulation compliance
  • tax code compliance
  • development of worksite and association group mortality assumptions

Additionally, her work includes reserve reviews for Xxx and Axxx products, economic reserve determination, PGAAP valuations, asset adequacy analysis and statutory system conversions.

Karen is also currently involved in the principle-based approach initiative, including SOA research surrounding its implications to various product types. She co-authored the Milliman report Analysis of Proposed Principle-Based Approaches (September 2009), the ACLI’s VM-20 Impact Study Compendium 2012, as well as the SOA’s current study note on principle-based approaches to valuation. Karen has recently been involved in SOA research projects investigating new medical markers for life insurance underwriting purposes and access to reinsurance by smaller direct companies.


Karen has served on the Society’s Examination Committee. She also served as president and board member of the Nebraska Actuaries Club.


Karen has spoken before actuarial and general insurance professional audiences. She moderates or presents annually at the SOA’s Valuation Actuary Symposium. She is currently serving on the SOA’s Smaller Insurance Company section council as liaison to the SOA’s Committee on Life Insurance Research.

  • Work at Milliman

    • “I was offered a chance to come in, shake things up, create something."
    Work at Milliman