Andy Hoffman

FCAS, MAAA

Principal & Consulting Actuary

Chicago, IL, US

Andy Hoffman is a principal and consulting actuary in the Chicago Casualty Practice of Milliman. He joined the firm in 2008.

1 312 499 5798

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Experience

Andy’s area of expertise is property and casualty insurance, including loss reserving and ratemaking.

Andy has extensive actuarial experience in the analysis of medical professional liability for hospitals, health systems, and physician groups. He also has experience in commercial lines, including workers’ compensation, professional liability, general liability, auto liability, and extended warranties (service contracts).

Andy’s clients include Fortune 500 corporations, healthcare institutions, privately held companies, public entities and commercial insurers, and risk retention groups.

Publications and Presentations

Selected Presentations

“The Actuarial Process: Medical Malpractice Liability.” 2016 RSM, Chicago office.
“Casualty Microinsurance Pricing.” 2019 Casualty Actuarial Society Spring Meeting, New Orleans.
“Impact of COVID-19 on Workers’ Compensation.” 2021 Missouri Self-Insurers Association Annual Conference, St. Louis.
“Underwriting for New Risks: The Depersonalization of Healthcare and Aberration Verdicts.” 2022 American Legal Connections Healthcare Symposium, Atlanta.

Selected Publications

“Medical Malpractice Insurance: A Key Concern When Acquiring Physician Groups.” 2016. Healthcare Financial Management.
“Capitalizing on your actuarial report.” 2017. ASHRM Newsletter, New York Chapter.
“MPL Actuarial Valuations in M&As.” 2017. PIAA Inside Medical Liability.

Professional Designations

Fellow, Casualty Actuarial Society
Member, American Academy of Actuaries

Education

BS, Actuarial Science, University of Illinois at Urbana-Champaign

Affiliations

Casualty Actuarial Society Exam Committee, 2016-2022

Publications

Read their latest work

Article

MPL actuarial valuations in M&As

08 March 2017 - by Richard Frese, Andy Hoffman

With mergers and acquisitions, it is critical that the medical professional liability insurance program be properly accounted for.

Article

Capitalizing on your actuarial report

08 March 2017 - by Richard Frese, Andy Hoffman

Insight and background on critical topics to discuss with an actuary to enhance recognition of your insurance program, better manage its liabilities, and maintain appropriate actuarial analysis for the needs of the program.

Article

Medical Malpractice Insurance: A Key Concern When Acquiring Physician Groups

29 July 2016 - by Richard Frese, Andy Hoffman

Healthcare organizations that acquire independent physician groups should consider the issues and financial impact of medical malpractice insurance as part of the acquisition.