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Charles V. Faerber, FSA, ACAS

C. Faerber

Principal

Practice: Property and Casualty

E-mail

(512) 346-1590 Phone
(512) 345-7437 Fax

vCard

Mr. Faerber has been a consulting actuary since 1978 with experience on public pension plans, self-insured entities, health and welfare coverages, property and casualty insurance and expert witness testimony. Mr. Faerber has spent his entire actuarial career at Rudd and Wisdom, Inc. and has been a principal of the firm since 1984. Prior to joining Rudd and Wisdom, Inc., he worked for a year and a half as a teaching assistant in the Math Department at the University of Texas at Austin.

Professional Designations:

Mr. Faerber is a Fellow of the Society of Actuaries, an Associate of the Casualty Actuarial Society, a Member of the American Academy of Actuaries, a Member of the Southwest Actuarial Forum, and a Member of the Actuaries' Club of the Southwest.

Expertise:

Mr. Faerber has expertise in a variety of disciplines. His experience includes:

Consulting activities with insurance companies and self-insured groups providing property and casualty coverages. These coverages include professional liability, workers compensation, unemployment, automobile extended service contracts, and property insurance. Activities include:

Determination of actuarial liabilities for quarterly and annual statements

Assistance with preparation of quarterly and annual statements

Rate studies, including analysis of experience, projection of trends, strategic planning development of appropriate balance between rate equity and rate adequacy

Preparation of Federal Income Tax estimates and assistance in development of tax strategies

Valuation of insurance companies and blocks of insurance business via a projection of profitability on past, current and future business written

Analysis of reinsurance proposals and review of reinsurance treaty experience

Development of cash flow model for groups self insuring their workers compensation coverage

Development and maintenance of a life insurance administration system for personal computers

Joint responsibility with another principal, Chris McCaul, for oversight of and recommendations for firm wide computer hardware and software.

Expert witness services in divorce litigation, wrongful death and disability litigation and litigation involving interest computations.

Development and utilization of a computerized valuation system used in actuarial studies of various public retirement systems.

Involvement in the determination of estimated retirement benefits and preparation of employee benefit statements for various public and private retirement systems.

Development and utilization of a computerized cash flow projection model for public retirement systems.

Assistance in the actuarial experience study of public retirement systems.

Assistance in the determination of actuarial liabilities for the annual statements of life insurance companies.

Determination of actuarial liabilities and actuarial assets and preparation of actuarial valuations for statewide and local public retirement systems.

Education:

Mr. Faerber is a graduate of the University of Texas at Austin with a Bachelor of Arts degree in Mathematics and a Master of Business Administration degree with a specialty in Actuarial Science. He is also a graduate of St. Thomas High School in Houston, Texas.

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