Melissa Huenefeldt
FCAS, MAAA, ARM
Consulting Actuary
Chicago, IL, US
Melissa Huenefeldt is a consulting actuary in Milliman's Chicago Casualty Practice. She joined the firm in 2021 and resides in Kansas City.
Experience
Melissa's area of expertise is property and casualty insurance, including loss reserving and ratemaking. She has extensive experience in commercial lines, including workers' compensation, professional liability, general liability, and auto liability. Prior to joining Milliman, Melissa spent 13 years at a large commercial insurance broker and two years at a single-state personal lines insurer.
Professional Designations
- Fellow, Casualty Actuarial Society
- Member, American Academy of Actuaries
- Associate in Risk Management, The Institutes
Education
- MS, Applied Mathematics, University of Central Missouri
- BS, Mathematics, University of Central Missouri
- BS, Psychology, University of Central Missouri
Publications
Read their latest work
Article
An actuary and a safety professional walk into a bar
02 October 2023 - by Melissa Huenefeldt, Larry Poague (Holmes Murphy)
We provide viewpoints of the actuarial and safety professional, and emphasize how the synergy between the two professions can make everyone more successful.
Article
The actuary’s guide to the Code of Professional Conduct
06 July 2023 - by Melissa Huenefeldt
What are the 14 precepts of the Code of Professional Conduct for actuaries? We present a brief guide, along with examples of how actuaries can maintain public trust.
Article
A beginner’s guide to the casualty actuarial language
09 August 2022 - by Melissa Huenefeldt, Jill Rosenblum
If you’ve ever thought your actuary was speaking a foreign language, “How to speak casualty actuary 101” will help you navigate common terms and acronyms.
Article
Improving workers’ compensation loss experience using wearable technology
26 July 2022 - by Melissa Huenefeldt
We discuss examples of wearable technology, the impact on workers’ compensation loss experience, how insurance carriers are reacting, and how your actuary can help determine whether wearables are appropriate for your business.
Article
How to reduce total cost of risk using artificial intelligence and machine learning
23 July 2022 - by Melissa Huenefeldt, Michael Paczolt
This article discusses how artificial intelligence and machine learning are used to gather comprehensive claims data from structured and unstructured data fields, solving complex problems and reducing total cost of risk.
Article
Benchmarking workers’ compensation losses: How do I rank?
22 April 2022 - by Melissa Huenefeldt
In the search for appropriate benchmarking figures, insurers need to ask the question: Who is my peer?
Article
Three data and analytics pitfalls that risk managers of self-insured organizations should avoid
10 February 2022 - by Melissa Huenefeldt
Understanding who is the data source—and the format and content of the tables and graphs—can prevent you from misinterpreting data analytics in risk management.
Article
The basics of an effective insurance cost allocation
08 December 2021 - by Melissa Huenefeldt
Actuaries can help risk management professionals walk through various methodologies of allocating property and casualty insurance costs.
Article
Five reasons for risk managers to talk to their consulting actuary
16 November 2021 - by Melissa Huenefeldt
Operational changes impact your company’s risk management, and actuaries can help you make the appropriate adjustments
Article
Large deductible programs: Demystifying collateral
22 October 2021 - by Melissa Huenefeldt
We discuss why a carrier’s need for collateral can represent a large portion of an insured’s cash or revolving debt and how it works.