Ohio regulator Mary Miller offered these facts about 2009 Statements of Actuarial Opinion at the Casualty Loss Reserving Seminar:
- 2,600 opinions were signed by 500 actuaries.
- Nineteen actuaries signed a total of 579 opinions. (That’s 4% of signers generating 22% of opinions.) These busy guys signed between 21 and 52 apiece.
- 37 actuaries signed 1/3 of opinions.
The regulator’s question: How many is too many?