We aim to be the platform and industry benchmark forprinciples-based insurance data analytics and risk management.

Ruark’s industry experience studies of annuity policyholder behavior are fueled by data contributed each year from companies comprising over $1.1 trillion of current account values. These studies address complex and interrelated behaviors such as surrenders, partial withdrawals, annuitizations, and mortality, and are the foundation for our more advanced client services. These services range from assumption reviews to customized readily-implementable modeling with a quantified risk profile based on a combination of predictive analytics, credibility theory, and expert judgment, to full process management. More broadly, in the reinsurance space we have placed and continue to administer dozens of treaties totaling over $1.5 billion of reinsurance premium and $30 billion of account value, and also offer reinsurance audit and administration services. In the pension space, we performed the data gathering and analysis that led to the publication of the Pri-2012 mortality tables by the Society of Actuaries (SOA) in 2019.

We are frequent speakers at industry events in the US and abroad on the topics of longevity, policyholder behavior and modeling, product guarantees, and reinsurance. Our work and commentary have appeared in National Underwriter, Investment News, Life Annuity Specialist (Financial Times), American Banker, Annuity News, InsuranceNewsNet, Retirement Income Journal, Insurance Risk, and The Actuary and several other newsletters and podcasts of the SOA. In 2018, CEO Timothy Paris was the subject of an SOA video and article about actuaries embracing predictive analytics. Tim is also the author of the chapter “Modeling and Managing Policyholder Behavior Risk” in the book Non-traditional Life Insurance Products with Guarantees. We are active within the SOA, through elected membership on section councils, editorial work for publications, working groups, and other projects.

We enjoy an ongoing collaboration with the Goldenson Center for Actuarial Research at the University of Connecticut.

OUR TEAM

Timothy Paris

Timothy Paris


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Tim is chief executive officer at Ruark Consulting LLC, which aims to be the platform and industry benchmark for principles-based insurance data analytics and risk management.

Ruark’s industry experience studies of annuity policyholder behavior are fueled by data contributed each year from companies comprising over $1.1 trillion of current account values.  These studies address complex and interrelated behaviors such as surrenders, partial withdrawals, annuitizations, and mortality, and are the foundation for our more advanced client services.  These services range from assumption reviews to customized readily-implementable modeling with a quantified risk profile based on a combination of predictive analytics, credibility theory, and expert judgment, to full process management.  More broadly, in the reinsurance space we have placed and continue to administer dozens of treaties totaling over $1.5 billion of reinsurance premium and $30 billion of account value, and also offer reinsurance audit and administration services.  In the pension space, we performed the data gathering and analysis that led to the publication of the Pri-2012 mortality tables by the Society of Actuaries (SOA) in 2019.

As an actuary and business leader, Tim is a frequent speaker at industry events in the US and abroad on the topics of longevity, policyholder behavior and modeling, product guarantees, and reinsurance.  In 2018 he was the subject of an SOA video and article about actuaries embracing predictive analytics.  His work and commentary have appeared in National Underwriter, Investment News, Life Annuity Specialist (Financial Times), American Banker, Annuity News, InsuranceNewsNet, Retirement Income Journal, Insurance Risk, and The Actuary and several other newsletters and podcasts of the SOA.  He is also the author of the chapter “Modeling and Managing Policyholder Behavior Risk” in the book Non-traditional Life Insurance Products with Guarantees.

Tim is a member of the Advisory Board of the Goldenson Center for Actuarial Research at the University of Connecticut, and a member of the Board of Directors of Retirement Income Group Limited (New Zealand).  Within the SOA, he has served as an elected member of the Reinsurance Section Council, leader of the Assumption Development and Governance Subgroup of the Modeling Section, Contributing Editor for The Actuary magazine, Caribbean Editor for the International Section newsletter, and member of the Policyholder Behavior in the Tail working group of the Joint Risk Management Section.  He has also served as a member of the Business Advisory Panel of Insurance Ireland, and a member of the Financial Reporting Committee of the Bermuda International Long Term Insurers and Reinsurers Association.

Tim is a Fellow of the Society of Actuaries, a Member of the American Academy of Actuaries, and a graduate of the University of Connecticut where he earned a BS in Mathematics with high honors.

Claudia Berns


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After graduating from the University of Connecticut with a Bachelor’s Degree in Finance, Claudia began her career at the Travelers Insurance Company in Hartford CT in the Life, Health and Financial Services Department.  She then accepted a position at GE as a Financial Analyst.  Claudia was selected as an internal recruit for the prestigious Financial Management Program where she gained extensive experience in various areas including accounting, sourcing, cost estimating and project management.

Before joining Ruark, she was an integral part of a start-up small business which she successfully managed for over ten years.  In her current position, she is responsible for operations support and project management.

Eric Halpern


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Eric Halpern is Chief Operating Officer of Ruark Consulting LLC. In this role, he leads the company’s policyholder behavioral analytics work, including industry- and company-level experience studies, predictive modeling and assumption model development, and related client projects. Eric provides leadership for these products from an actuarial, work process, and information technology standpoint.

Eric comes to Ruark with over 20 years’ experience in actuarial science, financial modeling, risk management, and investment management. Most recently, he was VP of Global Hedging Programs for White Mountains Life Re (Bermuda), a global reinsurer of variable annuity guarantees, where he was responsible for day-to-day management of the company’s financial risk mitigation program. He has also held annuity risk management positions at Phoenix and Cigna, as well as diverse actuarial staff positions at Cigna. Eric holds a BS in Mathematics from Yale University and is a Fellow of the Society of Actuaries.

In addition to his work at Ruark, Eric teaches insurance risk management in the Master’s Program in Financial Risk Management at the University of Connecticut School of Business. He lives with his family in West Hartford, Connecticut.

Mike Loftus


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Mike joined Ruark in January, 2005 and is involved in all aspects of the company, including consulting, reinsurance reporting, and peer review.

Mike came from The Hartford where he worked as a Pricing Actuary for Group Annuities. Prior to that, Mike had a distinguished 15-year career at CIGNA with responsibilities in CIGNA’s Pension and Healthcare operations.

Mike is a graduate of American International College where he earned his BA in Mathematics in 1983. He lives in Windsor, CT with his wife, Molly, and three children.

Judy Mason


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Judy joined Ruark in January, 2001. As an Analyst/Manager, she handles a broad range of duties including client reporting, budgeting and financial reporting, tax filing, invoicing and banking. Before joining RIA, Judy worked at CIGNA for many years.

Judy resides with her husband, Scott, in Windsor, Connecticut

Sally Osit


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Sally joined Ruark in July, 2001, where she focused on reinsurance program reporting, including book of business reviews, experience studies, and program renewals. Currently, as Chief Administrative Officer, she has led the administration of Ruark as it grows its consulting, reinsurance & experience studies offerings.

Sally has over 24 years of varied insurance industry experience. Prior to joining Ruark, Sally held a position of Director of Integration & Synergy with CIGNA Health Services. She also has a wide variety of both pricing and financial reporting experience, having managed cash flow testing for all of CIGNA’s pension products as well as pricing for CIGNA’s dental, COLI, and 401(k) products.

Sally is a graduate of the University of Connecticut, where she earned her BA in Actuarial Science in 1990. She currently lives in South Windsor, Connecticut with her husband, Alan, and three children.

Michael Riley


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Michael joined Ruark in 2018 as a Data Engineer. In this role, Michael is responsible for management of the firm’s data architecture, including production processes and ongoing development.

Previously Michael was Vice President in Information Systems at Conning managing the investment data warehouse, accounting systems and back office support. He has 30 years’ experience in investments including 20 years managing investment data warehouses. Michael has also worked in various areas at MetLife, Citigroup and Travelers.

Michael earned his CPA in 1981 and Certified Scrum Master in 2017.

Michael graduated from the University of Connecticut, Storrs, with a BA in accounting. He lives in West Hartford, Connecticut with his wife, family and 2 poodles.

Don Ruark


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Don joined Ruark as our Chief Financial Officer in September 2010.

Graduated with Bachelors of Business Administration in 1977 from Eastern Michigan University.

Became a CPA in 1979.

35 years experience, including both the public and private sectors.

Don Resides in Canton MI with wife Kayla, youngest daughter Alyse, and Scout the dog.

Randy Schott


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Randy joined Ruark in 2012 with over 15 years in the insurance industry and actuarial environments.

Prior to joining the company, Randy was involved in Small Group Medical Pricing with Aetna and United Healthcare.  He also has experience with state filings, pension analysis and Underwriting.

Randy is a graduate of The University of Connecticut.  He lives in Vernon Connecticut with his wife and family.

Eric Swan FSA - Ruark Consulting

Eric Swan


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Eric joined Ruark in 2009 with over 20 years of experience in the insurance industry.

Before joining the company, Eric was an Assistant Vice President at MetLife, responsible for product development and pricing of Corporate Owned Life Insurance products. Eric also has experience in pricing retail Universal Life and annuity products, state insurance department and SEC filings, cash flow testing and Illustration Actuary product compliance.

Eric graduated Magna Cum Laude and Phi Beta Kappa from Colby College, where he earned a BA in Economics/Mathematics. He lives in Suffield, Connecticut with his wife and two children.

Steve Wright


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Steve joined Ruark in 2009 with 17 years of insurance experience, most recently as a principal in a small reinsurance underwriting company. Prior to that he was at The Phoenix and the former Connecticut Mutual, which included positions in Group and Special Risk reinsurance and Ordinary Life reinsurance. Along the way, he also served a few years as a CT-certified high school math teacher, where he beat into his students the love of math.

Currently, Steve is spearheading Ruark’s growth into predictive modeling and assumption setting. His programming abilities and actuarial expertise have also been leveraged to further enhance the company’s annuity industry experience studies.

Steve is a graduate of Bates College where he earned a BS in mathematics, is a Fellow in the Society of Actuaries, and is a Member of the American Academy of Actuaries.

Ruth Ann Woodley


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Ruth Ann joined Ruark in 2004 and developed its dental consulting practice. In 2018, that practice became Dental Actuarial Analytics, LLC, an affiliate of Ruark.

Prior to joining Ruark, Ruth Ann spent 11 years with Cigna. There she served as the actuary for Cigna Dental and the reserving actuary for Cigna Healthcare, among other roles. She is involved in volunteer work for the Society of Actuaries and the National Association of Dental Plans.

She is originally from North Carolina, where she graduated from UNC-Chapel Hill with degrees in both mathematics and music. She lives in Bloomfield, Connecticut with her husband Peter Gourley.

Peter Gourley


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Peter joined Ruark in 2002 and has been involved in all aspects of the company in his tenure.

In his 20-year career prior to Ruark, Peter served in a variety of actuarial roles in many areas at CIGNA and Lincoln National. Peter graduated from Middlebury College with a BA in mathematics. He lives in Bloomfield, Connecticut with his wife Ruth Ann Woodley.