Justin Hornburg, FSA, MAAA, FCA
Prior to joining ISC, Justin held the role of Vice-President and Actuary at MetLife and American Benefits Consulting, an Alliant Insurance Services Company. In those roles he was responsible for a wide range of group ancillary product pricing, underwriting and reserving functions. Early in his career at MetLife, he worked in individual life insurance pricing. The following are a few examples of Justin's experience:
PRODUCT DEVELOPMENT & PRICING
- Priced and help develop a short-term disability and paid family leave product for a fin-tech startup
- Worked and negotiated with numerous group insurance carriers as head of underwriting/financial team for a brokerage firm
- Plan change cost analyses for group life, disability, and dental plans
- Lead actuary on two very large group insurance sales, one for group life insurance for a large North American auto manufacturer, one for group dental insurance for the Federal Employees Dental and Vision Insurance Program
- Developed a new voluntary permanent (whole) life product
- Lead pricing actuary for a sale of the voluntary permanent life product to a large southwestern US state
RESERVING
- Calculated IBNR reserves for group short-term disability and health plans for customers of a brokerage firm
- Signing actuary for an OPEB valuation of post-retirement life insurance liabilities under FAS 106 for a large North American auto manufacturer
CAPTIVES
- Provided group life insurance actuarial reserve opinions for two Vermont-domiciled captives
- Interfaced with captive insurance companies reinsuring group insurance risks of the customers of a brokerage firm
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Resume
2022 to Present: ISC Strategies Consulting, Inc. - Consultant
2020 to Present: President and Owner, Justin Hornburg Consulting, Inc.- Product Development, Pricing and Reserving Projects
2010 to 2020: American Benefits Consulting, an Alliant
Insurance Services Company
First Vice-President and Actuary
Leader of Financial/Underwriting Team
2007 to 2010: President and Owner, Justin Hornburg
Consulting, Inc.
Clients in Insurance, Manufacturing and Consulting
1989 to 2007: MetLife
Vice-President and Actuary
Various positions in Group National Accounts,
Individual Life Pricing and Small Group Medical
September 2000 - February 2001
Professional Designations:
Fellow, Society of Actuaries
Member, American Academy of Actuaries
Fellow, Conference of Consulting Actuaries
Education:
BA, Mathematics, New York University
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