Bill Sayre
FSA, MAAA
Principal & Consulting Actuary
Little Falls, NJ, US
Bill is a principal and consulting actuary with the New York office of Milliman. He joined the firm in 1989.
Experience
Bill works with life insurance companies on a variety of matters, including asset adequacy analysis, valuation, financial reporting, risk-based capital, asset modeling, product development and pricing, and actuarial appraisals for mergers and acquisitions.
Bill has significant experience working with smaller insurance companies, particularly in relation to valuation and financial reporting.
Publications and Presentations
Bill regularly presents at Society of Actuaries meetings. He has also made presentations at the American Academy of Actuaries and regional actuarial meetings.
Professional Designations
- Fellow, Society of Actuaries
- Member, American Academy of Actuaries
Education
- BA, Messiah College
Affiliations
- Member, Society of Actuaries Board of Directors
- Member, American Academy of Actuaries working group to revise the Asset Adequacy Analysis Practice Notes
- Member, Valuation Actuary Symposium Planning Committee, Society of Actuaries
- Former chair, Financial Reporting Section Council and Smaller Insurance Company Section Council, Society of Actuaries (with continuing participation as a friend of both sections)
- Former member, Committee on Life Insurance Research, Society of Actuaries
Publications
Read their latest work
Article
Navigating AG 55: A hypothetical insurance case study
13 March 2026 - by Yan Fridman, Zi Xiang Low, Galin Mitchener, Zohair Motiwalla, Bill Sayre, Shang Xu
With the initial filing for Actuarial Guideline 55 just around the corner, we offer a case study that illustrates key implications for insurers.
Article
AG 55: Alternative run examples
14 January 2026 - by Yan Fridman, Nathan Hoffman, Bill Sayre
NAIC’s Actuarial Guideline 55: We examine alternative run examples and considerations that could affect insurers with reinsurance agreements.
Article
Similar memorandum requirements under AG 55 – Summary and analysis
08 September 2025 - by Yan Fridman, Bill Sayre
NAIC’s AG 55: We provide a summary and analysis of similar memorandum requirements for this new guideline on reinsurance asset adequacy testing.
Article
AG 55における類似メモランダムの要件：概要と分析
08 September 2025 - by Yan Fridman, Bill Sayre
本稿では、NAICのAG 55：資産適正性テストに関する新たなガイドラインについて類似メモランダムの要件の概要と分析についてお伝えします。
Article
（米国）生命保険会社の法定責任準備金充分性要件の厳格化案
03 April 2025 - by Yan Fridman, Bill Sayre
本稿では、生命保険会社の法定責任準備金充分性要件についてNAICが提案している新たな数理ガイドラインの詳細をお伝えします。これは、2025年の年次報告書に影響を与えるものです。
Article
Proposed enhancements to reserve adequacy requirements for life insurance companies
03 April 2025 - by Yan Fridman, Bill Sayre
We present details on NAIC’s proposed new actuarial guideline on reserve adequacy requirements for life insurance companies, which affects 2025’s annual statements.
Article
2022年NYDFSのSpecial Considerationsレター：責任準備金要件の変更
07 December 2022 - by Bill Sayre
本稿では、来年の責任準備金要件に影響を及ぼす可能性があるNYDFSのSpecial Considerationsレターの主な変更点についてまとめました。
Article
2022 NYDFS Special Considerations letter: Changes to reserve requirements
07 December 2022 - by Bill Sayre
We highlight key changes to the NYDFS Special Considerations letter that may impact reserving requirements in the coming year.
Article
How healthcare providers and insurers can better optimize investments while minimizing risk
22 January 2021 - by Matthew Emery, Howard Kahn, Devin McCall, Bill Sayre, Stuart Silverman
This paper introduces life insurance investment strategies and how many of these same concepts can be applied to healthcare insurers and providers to better manage their overall risk profiles and potentially increase future returns on investment.
Article
VM-20の結果を理解（英語版のみ）
18 August 2017 - by William Hines, Karen Rudolph, Bill Sayre, David Wang
• 本調査では、準備金の増減とボラティリティーの要因を調査し、要因分析アプローチとして考えられる他の報告制度を調査し、財務報告担当アクチュアリーに対して利用する要因分析手法に関するインタビューを実施し、VM-20（NAICのValuation Manual 20）評価用ケーススタディーとして提案された要因分析アプローチのデモを行っています。