Tim Sommers
About Tim Sommers
Tim Sommers is the AVP and Actuary at MassMutual Financial Group with over 25 years of experience in life and annuity product pricing.
Title and Current Position
Tim Sommers currently holds the position of AVP and Actuary at MassMutual Financial Group. He is based in the Springfield, Massachusetts area. In this role, he leverages his extensive experience in life and annuity product pricing to contribute to the company's financial strategies.
Professional Experience at Milliman
From 2014 to 2015, Tim Sommers worked at Milliman as a Life Consultant in the Hartford, Connecticut area. During his one-year tenure, he provided consulting expertise in life and annuity products, helping clients navigate complex actuarial challenges.
Career at ING
Tim Sommers served as the Head of Annuity Modeling at ING from 2011 to 2013, working in West Chester, PA. In this role, he led the modeling team focused on annuity products, contributing to the company’s product development and financial forecasting efforts.
Role at ALICO/Met Life
From 2000 to 2011, Tim Sommers was the AVP and Actuary, Global Actuarial Modeling Lead at ALICO/Met Life in Wilmington, DE. Over his 11-year tenure, he spearheaded global actuarial modeling initiatives, ensuring the accuracy and efficiency of the company’s modeling processes.
Early Career at Farm Family Insurance
Tim Sommers began his actuarial career at Farm Family Insurance, where he worked as a Product Actuary from 1987 to 2000. Based in Albany, NY, he spent 13 years developing and pricing insurance products, laying the foundation for his expertise in the field.
Educational Background
Tim Sommers studied at Binghamton University, where he earned a BA in Mathematics from 1983 to 1987. His strong foundation in mathematics has been instrumental in his actuarial career, enabling him to excel in complex modeling and pricing tasks.
Industry Contributions and Speaking Engagements
Tim Sommers has shared his expertise as a session speaker at various industry events, including the SOA Annual Meeting and the Valuation Actuary Symposium. He has spoken on topics such as Model Management, Actuarial Software Implementation, and Adapting Models Beyond Their Initial Purpose.