Joseph R. Michels
FCAS, CSPA, MAAA
Actuary
Brookfield, WI, US
Joe Michels is an actuary with the Milwaukee office of Milliman. He joined the firm in January 2021.
Experience
Joe’s areas of expertise include mortgage servicing analytics, credit risk consulting, and mortgage insurance. He has experience working on projects for mortgage lenders, mortgage insurers, property and casualty insurers/reinsurers, and government agencies.
Joe also has expertise in estimating loss reserves for latent claim exposures such as Federal Black Lung and PFAS. He has developed predictive and financial models to forecast these losses.
Professional Designations
- Fellow, Casualty Actuarial Society
- Certified Specialist in Predictive Analytics
- Member, American Academy of Actuaries
Education
- BBA, Actuarial Science and Risk Management & Insurance, University of Wisconsin-Madison
Publications
Read their latest work
Article
Data suggests only 5% of companies use their auditor’s actuary
23 June 2022 - by Eric J. Wunder, Joseph R. Michels
While few companies use the same firm for auditing and actuarial services, it makes sense for all to keep them separate rather than risk a fine or lawsuit.
Article
Milliman estimates $9.3 billion in federal black lung liabilities
23 May 2022 - by Travis J. Grulkowski, Christine M. Fleming, Alex York, Sam Sager, Brekk Hayward, Joseph R. Michels
Federal black lung claims differ from other workers’ comp due to multiple potential payers, complex adjudication, much longer reporting and payment lags.