Roosevelt brings a skill set that includes predictive analytics applications for all insurance functions, ratemaking and product development, strategic reviews, competitive analyses and litigation support.
He assists companies in applying predictive analytics to personal and commercial lines rating, underwriting and product development. He also applies predictive analytics to develop claim applications, including predicting large loss development, estimating claim settlement values and detecting fraudulent claims.
Roosevelt provides actuarial support for many companies, including rate indication development, rate filing and regulatory support and monitoring of program experience. Also, he assists insurance companies, industry trade groups, regulators and legislators with issues related to potential bias in insurance ratemaking, marketing, claims and underwriting processes, including testifying before regulators and legislators.
Roosevelt performs extensive competitive analyses to evaluate insurer company competitiveness and to develop rating plans for new states and lines of business. In addition, he performs external peer reviews of insurance companies’ internal model development processes and provides recommendations for improving the modeling process and the resulting rating plans. Roosevelt also conducts reviews of company strategy to ensure operations and analytics are aligned with the strategic direction.
Roosevelt has been recognized as an industry expert in the analysis of unfair discrimination and bias in rating. Roosevelt has presented numerous times on this topic to actuarial, insurance executive, legislative, regulatory and consumer focused audiences. Roosevelt is on the leading edge of research on this issue, and also provides services to clients in this area, including testing insurance company processes and providing training. He has worked with several industry groups to evaluate the impact of proposed insurance legislation on claim costs and future rates, including PIP reforms in Florida and Michigan. He also provides and supports expert testimony on personal and commercial insurance matters including auto, homeowners and products liability.
Roosevelt is the immediate past president of the Casualty Actuarial Society (CAS), has served as vice president of marketing and communications and is the chair of the CAS Board of Directors. He is also a member of the Board of Directors of the International Association of Black Actuaries (IABA) Foundation and is an Emeritus trustee of the Actuarial Foundation.