Brian Fomby, Fsa, Maaa
About Brian Fomby, Fsa, Maaa
Brian Fomby serves as Principal and Chief of Staff at Life Technology Solutions, where he collaborates with valuation teams to apply new GAAP accounting standards for insurance contracts. He holds a BS from the University of South Carolina and an MBA from the University of Chicago Booth School of Business.
Work at Milliman
Brian Fomby serves as Principal and Chief of Staff at Milliman in the Life Technology Solutions division. He has held this position since 2015, contributing to the firm's expertise in insurance contract accounting. His role involves working closely with valuation teams to interpret and implement the new GAAP accounting standards for insurance contracts. Fomby's experience in this area enhances Milliman's capabilities in providing consultative services to clients in the insurance sector.
Education and Expertise
Brian Fomby earned a Bachelor of Science degree in Mathematics, Statistics, and Insurance from the University of South Carolina, where he studied from 2005 to 2007. He furthered his education by obtaining a Master of Business Administration (MBA) from The University of Chicago Booth School of Business, completing his studies from 2018 to 2020. His academic background supports his expertise in actuarial science and insurance contract accounting.
Background
Brian Fomby began his career as an Associate Actuary at Colonial Life, where he worked from 2007 to 2013 in Columbia, South Carolina. He then transitioned to Unum, serving as Director and Associate Actuary from 2013 to 2015 in the Portland, Maine Area. His professional journey has provided him with extensive experience in the insurance industry, particularly in the context of insurance contract accounting standards.
Achievements in Insurance Contract Accounting
Throughout his career, Brian Fomby has been involved in the implementation of new insurance contract accounting standards proposed by the Financial Accounting Standards Board (FASB). His work in this area has included collaboration with both Unum US and Colonial Life, focusing on the interpretation and application of these standards within the insurance sector.