ACTUARIAL SCIENCE PROGRAM                                               2 Message from the director
                                                                                   2 Awards/Scholarship
             M a t h e m a t i c s      S t a t i s t i c s

                                                                                   3 Alumni
PURDUE ACTUARY CLUB                                                                3 Students
REACHES OUT                                                                        4 Thanks to our donors

  Definitely NOT the “same ol’,           Club showcases is the High School        and faculty, establish friendships
same ol’” Purdue Actuary Club!            Initiative (HSI). To increase aware-     with actuary professionals, and
                                          ness about the actuary profession,       increase knowledge and provide
  We all know the Purdue Actuary          the program mails literature to over     resources to students already pur-
Club for its superb coordination of       500 Indiana high schools and sends       suing or considering a degree in
the program’s recruitment efforts         club members to their hometown           actuarial science. However, the club
and for the personal and profes-          high schools to give informative         could easily add to its goals: recruit-
sional development opportunities it       presentations designed to encourage      ing and service learning through
offers members. Now this student          prospective college students to con-     community outreach.
organization is expanding its efforts     sider actuarial science as a career
through community outreach.               and of course, apply to Purdue.            Purdue Actuary Club boasts a
                                                                                   membership of 137 students who
  The Purdue Actuary Club is build-          Community outreach programs           are often encouraged by club offi-
ing and maintaining comprehensive         also offer club members a chance to      cers to seek leadership positions by
partnerships with local high schools      improve public speaking, network-        taking on an active committee role.
and alumni through a variety of pro-      ing, and leadership skills that con-     “We hoped the creation of more
grams centered on community out-          tribute to their post-Purdue success.    committees would foster higher
reach. According to Purdue Actuary                                                 participation rates and give club
Club president Kyle Bauer, commu-            “The benefits our club members        members a chance to seek leader-
nity outreach is a crucial component      receive are more than just the typi-     ship positions. This is exactly what
for Purdue Actuary Club because           cal feelings of elation and satisfac-    has been accomplished!” Bauer
of the lack of general awareness of       tion,” explained Bauer, “It offers       exclaimed.
opportunities available in the field      them a sense of commitment to
of actuarial science.                     an extracurricular activity. Most          “The club is a superb connection
                                          employers are thrilled to hear that      for actuarial science majors because
  “The actuary profession lacks vis-      graduates were so involved in both       they can make friends and build a
ibility. By giving back to the com-       the club and the community!”             strong network.” Bauer concluded.
munity through the variety of pro-                                                 Additional information about the
grams that our club has to offer, we        According to its charter, Purdue       Purdue Actuary Club is available at
can help transform people’s aware-        Actuary Club’s official mission is
ness about our field,” said Bauer.        to provide students with a better all-   AboutUs.htm.
                                          around understanding of the actuary
  One of the community outreach           profession, provide opportunities to
programs that Purdue Actuary              meet other actuarial science students
    MESSAGE               FROM THE DIRECTOR,
    Richard Penney

                                Remarkably, Purdue’s          •   Purdue Alumnus, Jerone “Jer” Deverman (MS 1962,
                              Actuarial Science Program           PhD 1969) taught a special class for our students,
                              continues to grow and to            STAT 490C – Health Plans Data and Financing. Dr.
                              improve. A senior represen-         Deverman has over thirty years experience in com-
                              tative of a well known insur-       puter systems, data processing, systems analysis, sta-
                              ance firm recently told us           tistical analysis, mathematical modeling and computer
                              “...the Purdue Actuarial pro-       simulations, operational testing and evaluation, and
                              gram is one of the premier          large data systems applications. This was a rare oppor-
                              programs in the Midwest, if         tunity for our students to learn about the practical,
                              not the entire country.” Our        non-academic, side of the insurance business.
                              students are leaving with the   •   On March 30, the Actuarial Science Program named
                              technical and business skills       the first three recipients of what will become an annu-
                              needed to be a success in the       al “Outstanding Alumni Award.” The 2007 recipients
                              field of actuarial science.          were: Bill Chen, Ph.D., Daniel Wolak, and Charles
  A few of the program’s highlights in the past year in-      •   In April, the Purdue Actuary Club hosted an
clude:                                                            “Actuarial Awareness Night.” The event was support-
                                                                  ed by Milliman Inc. – Indianapolis Office. The club
•   May 2007 saw the inauguration of our new Honors               brought five working actuaries to campus to discuss
    Program with five students graduating “with honors in         their various career paths.
    Actuarial Science.”
•   For the second time in two years, Jeff Beckley,             Purdue Actuarial Science continues to get better and
    FSA was voted the College of Science Outstanding          better thanks to the hard work of our students, faculty,
    Undergraduate Teacher by the undergraduate student        staff, and alumni. Thank you for your commitment to the
    body. He is truly making a difference in the class-       program and the actuarial science profession, in general. I
    room!                                                     invite you to join us for another great year!

Awards and Scholarships
  Many thanks to the alumni and companies that made the       Towers Perrin Actuarial Science Scholarship: Kyle Bauer
following awards possible!
                                                              CIGNA Actuarial Science Scholarship: Katherine Graves,
Actuarial Science Scholarship: Elizabeth Moss, Katherine      Britanny Hanners, Andrew Steenman
Quinn, Andrew Steenman
                                                               Congratulations to the 28 students who earned the CNA
Actuarial Science Alumni Scholarship: John “Brad” Raatz,      Actuarial Science Exam Award in 2006-2007!
Ian Jones

Swiss Re Actuarial Science Scholarship: Kyle Bauer,
Amanda Brown, James Humphrey, Rachel Smith

Alumni                                                             recipients, visit
                                                                   The Actuarial Science program will recognize the 2007-2008
                                                                   recipient of the Outstanding Alumni Award, Tracy Choka (BS
                                                                   1988) this fall.

                                                                                                    Melanee Dallas is a junior
                                                                                                 Actuarial Science major
                                                                                                 from Portage, Indiana and a
                                                                                                 first- generation Boilermaker.
                                                                                                 Melanee chose to attend Purdue
                                                                                                 for its superior math and science
                                                                                                 programs and also because she
  Friday, March 30, 2007 the Department of Statistics and the                                    wanted to remain in her home
Department of Mathematics honored three individuals with the                                     state for her college education.
Actuarial Science Outstanding Alumni Award. This award hon-
ors alumni for their extraordinary contributions and leadership                                    “I originally wanted a career
within the actuarial science profession.                                                         in Health Sciences, but I was
                                                                                                 persuaded instead to go into
   Charles Bryan of Columbus, Ohio, is the founder and presi-                                    Actuarial Science by my math
dent of CAB Consulting and sits on the boards of Medical                                         teacher,” said Melanee.
Mutual of Ohio, Safe Auto and Tower Insurance Group. Bryan
is a member of the National Association of Corporate Directors.      As vice president of the Purdue Actuary Club, she is
Bryan earned his bachelor’s degree in mathematics from John        involved in a number of club-related activities including over-
Carroll University, his master’s degree in mathematics from        seeing the mentorship committee that pairs club members
Purdue in 1969 and his master’s of business administration from    with study buddies who help one another prepare for exams
Golden Gate University.                                            and provide support throughout the semester.

   Shun-Zer “Bill” Chen of Houston, is the founder of New Era        As is characteristic of a Purdue Actuary Club officer, she
Life Insurance Co. and has worked as an actuary and in execu-      devotes the majority of her free time publicizing the club to
tive positions in the insurance industry for 35 years. New Era     current and prospective students, organizing leadership oppor-
has been in the “Houston 100” list of the city’s fastest-growing   tunities and honing relationships with alumni.
companies for four consecutive years. Chen was recognized in
Who’s Who in America in 1996, Who’s Who in Finance and               Said Melanee, “I hope to share my enthusiasm with others
Industry in 1992 and in 1994 was awarded regional entrepreneur     and attract more students to the program.”
of the year, sponsored by Ernst and Young, Merrill Lynch and
Inc. Magazine. Chen earned his master’s degree and doctorate in      Melanee spent last summer completing an internship with
statistics from Purdue in 1967 and 1970, respectively.             Sun Life Financial and would like to move to a more urban
                                                                   environment after she graduates from Purdue.
  Daniel Wolak of Trumbull, Connecticut, is the senior vice
president of the group reinsurance division for General Re Life
Corp. Wolak has served as chairperson for the Society of Actu-
aries Health Section Council. Prior to joining General Re Life
Corp., he served as vice president and group actuary for Ameri-
can United Life Insurance Co. in Indianapolis. Wolak earned
his bachelor’s and master’s degrees in statistics from Purdue in
1975 and 1977 respectively.

  To read more about the Actuarial Science Outstanding Alumni

 Purdue University
 Actuarial Science                                                                Non-profit Organization
 150 N. University Street                                                         US Postage
 West Lafayette, IN 47907-2067                                                    PAID
                                                                                  Purdue University
 Address Correction Requested

Thanks to our Donors
It is with heartfelt thanks that we acknowledge the following donors for gen-
erously supporting Purdue Actuarial Science over the past fiscal year (July      Risky Business is published annually for
1, 2006 – June 30, 2007). These contributions help to enhance our students’     alumni and friends of the Purdue Actuarial
educational experience through scholarships and awards.                         Science Program.
$1,000 - $4,999                      $100 - $999
                                                                                We welcome your comments and sugges-
Bill and Marilyn Chen                Bruce and Regina Bradley
                                                                                tions for future newsletters. Please send an
Daniel and Lisa Rubin                Neal Drasga
                                                                                e-mail to
                                     Bente Fein
CIGNA Foundation                     Gordon and Kathryn Gerber
CNA Foundation                       Daniel and Melissa Wolak
New Era Life Insurance Co.
                                                                                Editor: Teena Erwin
Swiss Re                             Milliman, Inc – Indianapolis
Towers Perrin
                                     $1 - $99
                                     Christopher Ruckman
                                     Scott Shover                                      Actuarial Science Program
                                                                                       Purdue University
                                                                                       West Lafayette, IN 47907-2067
For more information about giving to Purdue Actuarial Science, please                  (765) 494-1901
contact Bente Fein at .                                               Fax: (765) 494-0548

           Every effort has been made to accurately list donors.
           Please contact the Development Office with any correc-
           tions at 765-496-7502.

                                                                                  An equal access/equal opportunity university

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