Ricardo Trachtman
FSA, MAAA
Consulting Actuary & Principal
Chicago, IL, US
Ricky Trachtman is a principal and consulting actuary in the Milliman Buffalo Grove office. He joined the firm in 2002. He primarily works with clients to help design and price a wide variety of annuity and life insurance products.
Experience
Ricky has experience in the life and annuity industry with a primary focus on product development. His recent projects include the following:
- Pricing RILAs for two major competitors in that space. Modeling RILAs under statutory and GAAP accounting for financial planning on a quarterly basis for a major competitor in that space.
- Pricing and extensive product development for fixed-index annuities including the development of new features to help differentiate products in that space, guaranteed living benefit riders, long-term care enhancement riders, guaranteed death benefit riders, innovative crediting strategies, crediting, and premium bonuses.
- Modeling FIAs under GAAP and Statutory accounting for various purposes such as financial planning, deterministic and stochastic pricing, appraisals, and valuation.
- Pricing and modelling variable annuities with guaranteed living benefit riders, death benefit riders, and accumulation benefit riders.
- Developing tools to help visualize and improve understanding of pricing results under deterministic and stochastic environments. Reviewing various assumptions for FIAs.
- Developing efficient financial and pricing projection models in MG-ALFA®, MS-Excel, and Visual Basic for Applications.
Professional Designations
- Fellow, Society of Actuaries
- Member, American Academy of Actuaries
Education
- Degree in Actuarial Science from Roosevelt University
Publications