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Nancy P. Watkins, FCAS, MAAA

Principal, Consulting Actuary
San Francisco, CA, US

Tel: +1 415 3943733

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Professional Designations

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


  • BS, Mathematical Science, University of North Carolina, Chapel Hill

Current Responsibility

Nancy is a principal and consulting actuary with the Property and Casualty practice in Milliman’s San Francisco office. She manages an actuarial consulting practice that specializes in Insuretech and property insurance analytics. She joined the firm in 1997.


Nancy’s consulting engagements include pricing and product development, predictive modeling, target marketing analysis, competitive rate analysis, use of catastrophe models and third-party data, loss reserve analysis and certification, litigation support, reinsurance risk transfer analysis, reinsurance commutation support, software development support and market analysis, mergers and acquisitions support, and expert witness testimony.

Her clients include domestic and international insurance and reinsurance companies, governmental insurance entities, virtual insurance companies, insurance software developers, managing general agencies, venture capitalists, and attorneys.

Nancy was president of Watkins Consulting Co. in Atlanta for six years. Prior to that, she was a senior manager and consulting actuary at Price Waterhouse. She also worked as an actuary for John Hancock Reinsurance and for Aetna Life & Casualty.

Presentations and publications

Nancy has published articles, given presentations and taught courses about flood insurance, property analytics, ratemaking, predictive modeling, reinsurance, risk transfer, financial reporting, and virtual insurance companies.


  • Serves on the American Academy of Actuaries Flood Insurance Work Group and won an Outstanding Volunteerism Award for her participation on the committee.
  • Participated in thought leadership forums, sponsored by entities such as Property Casualty Insurers Association of America, Stanford University, Resources for the Future and the Wharton Risk Management and Decision Processes Center, to address property insurance availability and affordability issues.
  • Served as chair of the American Academy of Actuaries Committee on Property and Liability Financial Reporting, member of the Financial Reporting Council, and member of the Casualty Practice Council.
  • Served as co-chair of an American Academy of Actuaries working group on a white paper defining “best estimates.”
  • Served as a member of the Casualty Actuarial Society Committee on Special Interest Seminars and the Casualty Actuarial Society Committee on Reinsurance Research.
  • Work at Milliman

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