Actuary Jin-Dih Shih promoted to vice president and actuary for WellPoint Health Networks Inc.WOODLAND HILLS, Calif.--(BUSINESS WIRE)--Oct. 31, 1996-- Importance of Actuarial Experts to Predict Financial Outlook, Track Claim and Pricing Trends, Demonstrates WellPoint's Commitment to Solid Reserves to Meet Healthcare Needs of Clients Jin-Dih Shih was promoted to Vice President and Actuary for WellPoint Health Networks Inc. (NYSE NYSE See: New York Stock Exchange :WLP WLP WebLogic Portal (Bea Systems) WLP Wafer Level Packaging WLP Women's Learning Partnership (Bethesda, MD) WLP Workplace Learning & Performance WLP World Library Partnership, Inc. ). Shih joined the company in 1983 and has managed several areas within the organization, most recently as Director and Actuary in charge of valuation. "Jin-Dih uses his 23 years of expertise in Actuarial to enhance our business by projecting claim trends and assuring our claim reserves are adequate to meet our clients' needs," said Howard Phanstiel, EVP Corporate Finance and Information Systems, WellPoint. "His outstanding work on key projects such as our recent financial analysis and valuation process earned him a reputation as a leader, as well as earning him the promotion to vice president." As vice president, Shih is responsible for corporate claim liability reserves, claim cost trend projections and actuarial analysis. He is also responsible for actuarial valuation filings on the corporation with all government regulatory agencies. Shih's previous experience as an Actuary was with Fireman's Fund American Life Insurance Company in California, and Provident Life and Accident in Tennessee. He graduated from Chung Hsin University in Taiwan, China, with a Bachelor of Science Noun 1. Bachelor of Science - a bachelor's degree in science BS, SB bachelor's degree, baccalaureate - an academic degree conferred on someone who has successfully completed undergraduate studies degree in applied mathematics. Shih also earned a Master of Science in mathematics at Auburn University in Alabama. He is a member of the American Academy of Actuaries The The American Academy of Actuaries, also known as the “Academy” or the AAA, is the body that represents and unites United States actuaries in all practice areas. and the Society of Actuaries Mission Statement The Society of Actuaries is a professional organization for actuaries based in North America. Its headquarters are located in Schaumburg, Illinois. . WellPoint Health Networks Inc. is one of the nation's largest publicly-traded managed health care companies, serving the health care needs of approximately 4.4 million medical members. WellPoint offers a comprehensive array of quality network health plans provided through its health maintenance organization, preferred provider organization pre·ferred provider organization n. Abbr. PPO A medical insurance plan in which members receive more coverage if they choose health care providers approved by or affiliated with the plan. , and specialty managed health care networks. Specialty products include pharmacy benefit management A Pharmacy Benefit Manager (PBM) is a third party administrator of prescription drug programs. They are primarily responsible for processing and paying prescription drug claims. , dental, vision, mental health, life and disability insurance, flexible spending accounts, Medicare supplement, and 24-hour integrated, network-based workers' compensation. CONTACT: WellPoint Health Networks Inc. Cynthia Coulter, 818/703-3046 |
|
|||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion