FCAS, FSA, FCIA, MAAA
Independent Contractor and Consulting Actuary

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Steven G. Lehmann

Steve Lehmann is a Consulting Actuary with Abacus Actuarial Consulting, LLC, with over 40 years of actuarial experience. His practice includes loss reserving, ratemaking, development of pricing strategies including coordination of underwriting and rating programs, financial examinations, loss reserve opinions, rate filings, residual market studies and rate of return analysis. His skill set includes testifying before numerous regulatory and legislative bodies and before an arbitration panel on a variety of insurance matters including ratemaking, risk classification, agents’ contingent commissions and fair rates of return. He has a strong background in pricing and reserving of insurance products.

Mr. Lehmann, a co-founder of Pinnacle Actuarial Resources, Inc., retired from the firm in 2011, serving as the firm’s President from 2003 – 2008. His association with Pinnacle continues, working as an Independent Contractor from the firm’s Bloomington, Illinois office.

Mr. Lehmann is a Fellow of the Casualty Actuarial Society (FCAS), a Fellow of the Society of Actuaries (FSA), a Member of the American Academy of Actuaries (MAAA) and a Fellow of the Canadian Institute of Actuaries (FCIA). He is a past President of the Casualty Actuarial Society (CAS) and the American Academy of Actuaries (AAA) and has served as Chair of the Boards of both organizations. He has also served as Vice President and Chair of the Casualty Practice Council of the AAA and Chair of the Actuarial Standards Board Ratemaking Subcommittee. He is certified by ARIAS (AIDA Reinsurance and Insurance Arbitration Society) as one of some 400+ certified reinsurance arbitrators in the U.S.

Publications and Media

December 2012 Apex Discussion Series
Florida House Bill 119
Authored by Roosevelt C. Mosley Jr. and Steven G. Lehmann.

Impact Analysis of Florida HB 119
Actuarial Analysis Conducted by Pinnacle Actuarial Resources, Inc.
Authored by LeRoy Boison and Steven G. Lehmann.

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Case Studies

Competitive Analysis - Personal Lines

Competitive Analysis - Personal Lines

A strong commercial lines company wanted to expand their personal lines writings in the Midwest. They wanted to have a competitive analysis system to track their competitors’ rates and review along with their latest rate change indications. Pinnacle developed a competitive analysis engine showing their competitive position including color-coded maps for a market basket of representative risks.

Farmowners Product Development

Farmowners Product Development

Pinnacle was approached by a leading farmowners insurer to review their current farmowners program. Pinnacle conducted a comprehensive review of competitor's manuals to determine if any additional rate factors needed to be included our client’s current program. Based upon our review, Pinnacle made a number of suggestions including incorporating new rate factors and changing their rating algorithm to a scorecard approach that has been successful in many other lines of business. Pinnacle used its expertise in farmowners product development and cutting edge pricing techniques to improve our clients farmowners product.

Management Consulting

Management Consulting

Pinnacle was approached by a major regional, predominantly commercial lines insurer to perform a holistic review of the insurer’s overall operations with an emphasis on determining the company’s personal lines strategy. The review included an historic analysis of industry profitability by line of insurance including various risk diversification scenarios. In addition, we performed a review of the company’s organizational structure with particular focus on the company’s marketing and distribution systems. Pinnacle’s recommendations provided a roadmap which would allow the company to grow more profitably, improve retentions, operate more efficiently and assure that the right personnel were in the right places within the organization.

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