Candidate Information: Pete Weber
Practice Area: Life
Employer: State of Ohio
City, State: Columbus, Ohio
Credentials: MAAA, ASA
Pete Weber is the chief life actuary at the Ohio Department of Insurance. He has regulatory experience in examination, new product filing, financial analysis, and drafting and implementing new and amended legislation. Pete represents Ohio as vice chair of the NAIC Life Actuarial Task Force. He also chairs the Variable Annuity Capital and Reserve Subgroup, chairs the IIPRC (Interstate Compact) Actuarial Working Group, and is active on several other NAIC groups. Pete has also presented at numerous Academy and Society of Actuaries meetings, seminars, and webinars over the years.
Prior to joining the Department of Insurance in 2006, Pete spent 16 years in the industry performing life insurance valuation, financial reporting, business planning and forecasting, and asset adequacy testing. He received his Bachelor of Science degree in mathematics from Adrian College in Michigan.
The Academy’s mission is to serve the public and the U.S. actuarial profession. How will your service on the Board allow you to further the Academy’s mission of public policy and professionalism?
I hope to bring a regulatory perspective in these areas—policy and professionalism. While the Academy has certainly included this perspective over the years, the continual evolution of regulation based more and more on actuarial judgment keeps this perspective relevant. It’s also hard to think about any group’s mission at this point without reacting to the moment we are in. How does the Academy respond to a societal need? To move the needle toward equality and inclusion; toward addressing and dismantling systemic bias and inherent, institutional racism. Clearly very difficult issues to even consider and understand, let alone propose solutions. Where can the Academy fit into work on a solution? How and where can the analytic and problem-solving skills of actuaries be directed to help contribute to the address of this problem?
Academy Volunteer Service:
|Committee Name||Join Date||End Date|
|Member||Separate Account Training Work Group (LPC)||10/10/2019|
|Member||Principle-based Reserves Strategy Subgroup||7/6/2016||12/31/2019|
|Member||PBR Governance Work Group||11/23/2015||12/31/2019|
|Member||PBR Review Procedures Work Group||10/22/2014|
|Member||Life Practice Council||3/9/2012|
|Member||PBR Checklist Subgroup||2/5/2016||12/31/2017|
|Member||Academy Advisors Panel||10/27/2010||12/31/2016|
|Member||Valuation Law & Manual Team||10/1/2006||5/20/2011|
|Member||Centralized Examination Office Team||10/1/2006||5/8/2008|
|Member||Nonforfeiture Modernization Work Group||10/5/2007||10/1/2007|