Rehan Siddique
FCAS, MAAA
Actuary
San Francisco, CA, US
Rehan Siddique is a Fellow of the Casualty Actuarial Society, a Member of the American Academy of Actuaries, and an actuary with Milliman’s San Francisco office. Rehan's current responsibilities include:
- Developing solutions to climate risks for clients ranging from private insurers to local/federal governments
- Serving as an actuarial ambassador for the UNDP-Milliman GAIN program for insurers in Ghana
- Developing rates and products for homeowners, personal auto, and private/public flood insurance programs, including developing generalized linear models and incorporating data from industry sources, competitors, and catastrophe models
- Preparing rate filings to facilitate efficient regulatory reviews
Experience
Rehan's prior areas of work include:
- Developing machine learning applications in reserve settings
- Performing predictive analytics involving programming skills in R, Python, and SAS
- Conducting rate adequacy analyses, including on-leveling premium to current rates, calculating policyholder dislocation as a result of proposed rate changes, and calculating premium and coverage trends
- Conducting reserve analyses for various lines of business, including homeowners, private passenger auto, workers compensation, general liability, and medical malpractice
Prior to joining Milliman, Rehan was a consulting actuary with Oliver Wyman, specializing in predictive analytics, self-insured reserving, and product warranty. Rehan has also been a pricing actuary at Homesite Insurance, specializing in homeowners insurance.
Publications and Presentations
Rehan has published articles and given presentations about climate change, flood insurance, wildfire risk, predictive modeling, risk transfer, and ratemaking.
Professional Designations
- Fellow, Casualty Actuarial Society
- Member, American Academy of Actuaries
Education
- BS, Applied Statistics, Purdue University
- BS, Actuarial Science, Purdue University
Affiliations
- Rehan has served as a president and board member of the South Asian Network of Actuaries, supporting actuaries of South Asian descent.
- He has served as the Vice Chair for the International Actuarial Association's Climate and Sustainability Committee, preparing the profession to the challenges related to climate and sustainability and advancing the competency of the profession by creating awareness, facilitating knowledge sharing, and educating actuaries.
- He has served as the Chair of the Casualty Actuarial Society's International Member Services working group.
Publications
Read their latest work
Article
A Survey of Residual Market Plan Assessment and Recoupment Mechanisms
05 December 2023 - by Nancy Watkins, Robert Yinpok Lee, Rehan Siddique
In a report for California property and casualty insurers, we explore the current landscape of residual market plans and examine assessment and recoupment mechanisms.
Article
Credit risk transfer: Investment comparison
07 August 2017 - by Jonathan Glowacki, Rehan Siddique
As the market for credit risk transfer transactions continues to grow and diversify, investors should continue to look to them as valuable parts of their portfolios and consider them as one way to participate in the mortgage market.