Randy Beams
FSA, MAAA
Actuary
Tampa, FL, US
Randy Beams is an actuary based out of Milliman’s Tampa office. He joined the firm in 2018.
Experience
Randy’s primary areas of concentration are the life and long-term care insurance markets. He frequently works on a variety of projects including pricing, product development, valuation, and modeling of life, long-term care, and hybrid products. Randy is a leader in model development, having worked on the development and expansion of the firm’s modeling capabilities with regard to the hybrid product market. Prior to joining the firm, Randy began his career in reinsurance.
Publications and Presentations
- Estimating Member-Level Treatment Effects with Uplift Modeling, Long-Term Care News, August 2024
Professional Designations
- Fellow, Society of Actuaries
- Member, American Academy of Actuaries
Education
- Bachelor of Science, Actuarial Science, Anderson University
Publications
Read their latest work
Article
Estimating Member-Level Treatment Effects with Uplift Modeling
03 December 2024 - by Randy Beams, Tanner Boyle
In long-term care, uplift modeling could serve as a valuable tool, helping actuaries and statisticians analyze the effectiveness of new wellness programs.
Article
Long-Term Care Focus: Q3 2024
11 September 2024 - by Juliet Spector, Annie Gunnlaugsson, Robert Eaton, Mike Bergerson, Joe Neary, Evan Pollock, Courtney Williamson, Randy Beams, Susan Knutson
In our third quarter 2024 Long-Term Care (LTC) Focus newsletter, we showcase some of the projects that Milliman LTC consultants are working on now.
Article
長期介護フォーカス:2024年第3四半期
11 September 2024 - by Juliet Spector, Annie Gunnlaugsson, Robert Eaton, Mike Bergerson, Joe Neary, Evan Pollock, Courtney Williamson, Randy Beams, Susan Knutson
本四半期号のフォーカス・ニュースレターでは、ミリマンの長期介護(LTC)のコンサルタントが現在取り組んでいるプロジェクトについて紹介します。
Article
Integrated and first principles modeling for hybrid life and health products
17 February 2022 - by Tyler Armstrong, Robert Eaton, Randy Beams
This article discusses the pros and cons of a claim cost model versus an integrated first-principles model for use in modeling Hybrid Life and Health products.
Article
Integrated and first principles modeling for hybrid life and health products
17 February 2022 - by Tyler Armstrong, Randy Beams, Robert Eaton
We look at modeling hybrid products under an integrated and first-principles basis with long-term care riders, which produces more robust and precise models.
Article
死亡率の不変と前提条件の完全性
08 December 2021 - by Tyler Armstrong, Randy Beams, Robert Eaton
前提条件の完全性を維持するため、アクチュアリーは、死亡率の不変というモデリング原則を利用します。
Article
Conservation of mortality and assumption integrity
08 December 2021 - by Tyler Armstrong, Randy Beams, Robert Eaton
To maintain assumption integrity, actuaries use the modeling principle called conservation of mortality.
Article
Minding the MediGap: Modeling considerations for a complex product
15 July 2021 - by Tyler Armstrong, Randy Beams, Robert Eaton
The preferred solution for Med Supp modeling is a modern actuarial modeling software platform because of the effective risk governance framework, efficient assumption management, logical inputs, and the capability of modeling complex variable interactions.
Article
MediGapを意識:複合的商品に関するモデリングの検討事項
15 July 2021 - by Tyler Armstrong, Randy Beams, Robert Eaton
Med Suppモデリングに好ましいソリューションは、最新の数理モデリングソフトウェアプラットフォームです。それは、効果的リスクガバナンスフレームワーク、効率的前提条件管理、論理的インプット、複合的な変数の相互関係をモデリングする機能があるためです。