Andrew Schallhorn has been appointed as chief actuary at the Oklahoma Insurance Department (OID), effective Sept. 24.
Schallhorn formerly was president of Reserve National Insurance Co.
In a departmental press announcement, Oklahoma Insurance Commissioner John D. Doak called the position “vital” because monitoring insurance company financial solvency “is the number one thing we do to protect consumers. Andrew brings with him a wealth of actuarial experience and a unique perspective. He is a proven leader, and we are thrilled to have him on our team.”
As president of Reserve National Company from 2014-2017, Schallhorn oversaw all functions of business including premiums and liabilities, operations and sales. In his previous position as senior vice president and chief actuary at the company, Schallhorn was responsible for the company’s financial performance. He oversaw product development, pricing and financial projections.
Source: Oklahoma Insurance Department
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