Acting Deputy Commissioner of Insurance
Fred Andersen serves as Acting Deputy Commissioner of Insurance. In this role, he oversees solvency, policy form approval, rate review, and review of insurance transactions for life insurance, health insurance, and property & casualty insurance business conducted in Minnesota.
Andersen also serves as the Chief Life Actuary of the Department. Besides reviewing financial models related to the reserves and capital of Minnesota’s life insurers, he leads activities in innovation, consumer protection, and market efficiency at the National Association of Insurance Commissioners in areas involving long-term care insurance, indexed life & annuity products, variable annuities, and experience data reporting.
Before joining the Department in June 2014, Andersen served as Assistant Chief Life Actuary for the Insurance Division of the New York Department of Financial Services, where he worked for 16 years. From 1995-1998, Andersen served as an actuary at Huttleston Associates in Madison, Wisconsin, pricing group health insurance.
Andersen earned a Bachelor of Arts degree in mathematics from Lawrence University in Appleton, Wisconsin (1993). He is a Fellow of the Society of Actuaries (2005).