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Andrew Dalton

FSA, MAAA
Principal & Consulting Actuary
Brookfield, WI, US

Andrew Dalton is a principal and consulting actuary with the Milwaukee office of Milliman. He joined the firm in 2007.

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Experience

Andrew consults primarily to life and health insurance companies and has extensive experience with long-term care insurance and life plan communities. His professional experience includes work on actuarial appraisals for mergers and acquisitions, asset and liability analysis, cash-flow testing, statutory and tax reserve reviews, life and health insurance model review and validation, expert witness testimony, and economic capital for life and health companies.

Andrew is a former chairperson of the Society of Actuaries’ Investment Section Council and a former chairperson of the Society of Actuaries’ Actuary of the Future Section Council. He served as a primary author of the textbooks Stochastic Modeling: Theory and Reality from an Actuarial Perspective, and Discount Rates in Financial Reporting: A Practical Guide, both published by the International Actuarial Association. Andrew is a frequent speaker at industry conferences in both North America and Europe.

Publications

Read their latest work

Article

Should banks' investment menus continue to feature BOLIs in light of the 2023 crisis? Part III

26 March 2024 - by Dominick Pizzano, Andrew Dalton, Kenneth Barr, Henrik Patel
Careful consideration of the key actuarial issues can help a bank structure a BOLI portfolio to maximize its return on investment.
Article

Should banks' investment menus continue to feature BOLIs in light of the 2023 crisis? Part II

31 December 2023 - by Dominick Pizzano, Andrew Dalton, Kenneth Barr, Henrik Patel
In light of the 2023 banking crisis, banks should proactively review whether BOLI is right for their investment portfolio.
Article

Should banks' investment menus continue to feature BOLIs in light of the 2023 crisis?

27 September 2023 - by Dominick Pizzano, Andrew Dalton, Kenneth Barr, Henrik Patel
With financial markets remaining under stress in several sectors, now may be the time for banks to proactively review their bank-owned life insurance (BOLI).
Article

Value of reduced benefit options in long-term care insurance rate increases

03 June 2022 - by Robert Eaton, Andrew Dalton
A rising magnitude and volume of rate increases have increased the prevalence of reduced benefit options, along with a focus on their value.
Article

Long-Term Care Focus: Q4 2021

23 February 2022 - by Juliet Spector, Mike Bergerson, Robert Eaton, Andrew Dalton, Daniel A. Nitz, Allen J. Schmitz, Christopher J. Giese, Jeff Anderson, John Hebig, Missy Gordon, Nicole Gaspar, Qiuwen Peng, Annie Gunnlaugsson
We review current projects in long-term care (LTC), such as LTC development in Asian market, Milliman LTC Advanced Risk Analytics, and upcoming studies.
Article

COVID-19 impact on long-term care insurance report: 2021 survey

26 October 2021 - by Mike Bergerson, Andrew Dalton, Andrew Duxbury, Robert Eaton, James Stoltzfus
The Society of Actuaries Research Institute retained Milliman, Inc. (Milliman) to conduct a survey on the impact of COVID-19 on long-term care (LTC) insurance mortality, voluntary lapse, and morbidity experience.
Article

Long-Term Care Focus: August 2021

09 August 2021 - by Juliet Spector, Mike Bergerson, Robert Eaton, Chuck Coatsworth, Andrew Dalton, Allen J. Schmitz, Christopher J. Giese, Amy Pahl, Jeff Anderson, John Hebig, Missy Gordon
An update on important work we are doing with respect to long-term care.
Article

COVID-19 Impact on Long-Term Care Insurance 2020 Survey

23 March 2021 - by Robert Eaton, James Stoltzfus, Andrew Dalton, Mike Bergerson
The Society of Actuaries (SOA) retained Milliman, Inc. (Milliman) to conduct a survey on the impact of COVID-19 on Long-Term Care (LTC) insurance mortality, voluntary lapse, and morbidity experience.
Article

COVID-19 impact on long-term care: A survey of company experience

24 November 2020 - by Mike Bergerson, Andrew Dalton, Robert Eaton, James Stoltzfus
This report presents the results of Milliman's survey of long-term care (LTC) insurance companies pertaining to the potential impact of COVID-19 on LTC business,
Article

Impacts of COVID-19 on continuing care retirement communities

05 October 2020 - by Andrew Dalton, Greg Zebolsky
This article discusses the impact that COVID-19 could have on actuarial assumptions relevant to continuing care retirement communities—specifically, mortality and morbidity—as well as other experience, including especially the number of noncontractual residents in assisted living unit and skilled nursing facility levels of care.