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Chet B. Homyak, ACAS, ASA, MAAA

Associate Actuary
Wakefield, MA, US

Tel: +1 781 2136200

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Professional Designations

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

Education

  • BA, Economics, The Ohio State University

Current Responsibility

Chet is an actuary with the Boston office of Milliman. He joined the firm in 1994.

Experience

Chet assists in reserve analyses, pro forma financial projections, rate filing reviews, and rate level indications. He helped create computer models for analyzing rate level indications and developed financial analysis models for workers' compensation funds in various states. Chet also designed and built a database of syndicate reserve information for Equitas, the reinsurance company formed by Lloyd's of London.

Prior to joining Milliman, Chet managed the actuarial information systems for the Automobile Insurers Bureau (AIB) of Massachusetts. While there, he covered all aspects of rate making, including attending rate hearings, managing claim studies, and performing detailed analyses.

Chet joined the AIB in 1986 when it was still combined with the Workers' Compensation Rating and Inspection Bureau of Massachusetts. He assisted in all rate filing phases (such as pricing law changes, calculating experience trends and development, and preparing pension tables) for Massachusetts workers' compensation, private passenger automobile, and commercial automobile insurance.

He began his actuarial career with the National Council on Compensation Insurance in 1981, where, at various times, he was the actuarial supervisor for law evaluations, alternative ratemaking, and national actuarial affairs.

  • Work at Milliman

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