Mark Mc Vey
About Mark Mc Vey
Mark Mc Vey is an Associate Actuary and Model Architect at Modern Woodmen of America, where he has worked for over 30 years. He holds a Master's Degree in Actuarial Science from the University of Iowa and has contributed significantly to the field through innovative modeling techniques.
Work at Modern Woodmen of America
Mark Mc Vey has been employed at Modern Woodmen of America since 1992, where he holds the position of Associate Actuary - Model Architect. With over 30 years of experience in this role, he operates from Rock Island, Illinois. His responsibilities include coordinating between various models and departments to address future modeling needs. Mc Vey's work focuses on integrating complex asset and dynamic behaviors into actuarial models, enhancing the organization's analytical capabilities.
Education and Expertise
Mark Mc Vey earned his Master's Degree in Actuarial Science from the University of Iowa, where he studied from 1986 to 1988. Prior to that, he completed his Bachelor's Degree in Mathematics and Statistics at the University of Wisconsin-Oshkosh, studying from 1981 to 1986. His educational background provides a strong foundation for his expertise in actuarial modeling and analysis.
Background
Mark Mc Vey has a notable background in actuarial science, having pioneered the concept of viewing annuity options as floor and puts in the mid-1990s. This innovative approach preceded its formal inclusion in actuarial literature. Additionally, he has advocated for modeling interest-sensitive lapse behavior, drawing parallels with mortgage prepayment behavior, which reflects his analytical skills and forward-thinking approach in the field.
Achievements
Throughout his career, Mark Mc Vey has made significant contributions to the field of actuarial science. He emphasized the importance of considering burnout and recovery from burnout in actuarial models, using analogies with mortgage behavior. His work has advanced the understanding of policyholder behavior and has influenced modeling practices within the industry.