Tim Kempen
FSA, MAAA
Principal and Consulting Actuary
Brookfield, WI, US
Tim Kempen is a principal and consulting actuary with the Milwaukee office of Milliman. He joined the firm in 2006.
Experience
Tim works in Milliman’s Healthcare Practice, primarily in long-term care (LTC) insurance, group and individual major medical, and Medicare Part D analysis. He has assisted clients with analyzing and summarizing medical claim and LTC data, product development and pricing, appraisals, financial projections, benefit pricing, valuation of reserves, and healthcare reform analysis. Tim has also spoken at national industry conferences.
Recent projects Tim has completed include:
- Assisting LTC insurance companies with experience analysis, financial projections, product development, valuation of reserves, and converting projection models to a "first principles" basis
- Assisting Programs for All-inclusive Care for the Elderly (PACE) organizations with Medicare Part D bid development, analysis of prescription drug prescribing patterns, and other issues
- Conducting rate setting for self-insured groups
- Performing year-end statement of actuarial opinions and reserve setting
Professional Designations
- Fellow, Society of Actuaries
- Member, American Academy of Actuaries
Education
- BS, Mathematics, Finance, and Business Administration and Economics, University of Wisconsin - Platteville
Publications
Read their latest work
Article
Long-term care insurance valuation: 2024 report
27 February 2025 - by Juliet Spector, Tim Kempen, Evan Pollock
In our triennial survey of long-term care insurance valuation, we review and document assumptions and methodologies used by 20 private carriers.
Article
Long-Term Care Focus: Q1 2024
15 March 2024 - by Juliet Spector, Annie Gunnlaugsson, Robert Eaton, Mike Bergerson, Jeff Anderson, Jeremy Hamilton, Daniel A. Nitz, Alyssa Lu, John Hebig, Courtney Williamson, Tim Kempen, Evan Pollock, Kevin Brown
This Long-Term Care (LTC) Focus newsletter showcases some of the projects that Milliman LTC consultants are working on now.
Article
Long-term care insurance valuation 2021
24 May 2022 - by Juliet Spector, Tim Kempen, Evan Pollock, Cade Dombrowski
An industry survey of assumptions and methodologies in the individual long-term care (LTC) market.
Article
Risk considerations for innovative products: A case study of the long-term care insurance industry
31 March 2020 - by Robert Eaton, Tim Kempen, Stephanie Moench, Amy Pahl, Allen J. Schmitz
This report explores key risks and considerations for product innovation using the long-term care insurance industry as a case study.
Article
Long-term care insurance valuation: An industry survey of assumptions and methodologies
01 August 2019 - by Tim Kempen, Allen J. Schmitz
This report presents the results of our sixth triennial long-term care insurance valuation survey.
Article
Utilization: A review of two projection methods
25 April 2018 - by Jeremy Hamilton, Tim Kempen
This article focuses on two methods for using current utilization levels to develop utilization assumptions for future durations: an “average utilization” method and a “distribution” method.
Article
Long-term care insurance valuation: An industry survey of assumptions and methodologies
03 August 2016 - by Tim Kempen, Daniel A. Nitz, Allen J. Schmitz
This long-term care insurance valuation survey reviews and documents the assumptions and methodologies related to the determination and testing of active life and disabled life reserves as well as the asset strategies and investments backing the reserves.