WCIRB Chief Actuary Tony Milano has been promoted to Executive Vice President, effective September 25, 2024, according to the Workers’ Compensation Insurance Rating Bureau of California (WCIRB).
Tony Milano, a Fellow of the Casualty Actuarial Society and a Bay Area native, began his career with the WCIRB in 2005 as an actuarial researcher. His expertise and leadership were recognized in 2012 when he was promoted to Vice President of actuarial Services. In this role, Tony managed several of the organization’s core functions, including data collection, rate-making, and reporting. His contributions have been instrumental to the WCIRB’s success, particularly in producing the highly regarded State of the System report. Tony is known for his strategic insights, accuracy, and commitment to transparency and has established strong collaborative relationships with the Actuarial Committee and the California Department of Insurance.
His steady rise within the WCIRB reflects not only his technical expertise but also his ability to adapt to the evolving challenges of California’s workers’ compensation system. Colleagues note that Milano’s deep understanding of actuarial science, paired with his leadership in data-driven decision-making, has positioned him as a trusted advisor in shaping fair and transparent rate-setting practices. These qualities have also made him an influential figure in industry discussions where accuracy, regulatory compliance, and long-term system stability are critical.
In his new role as Chief Actuary, Tony will lead the Actuarial Services, Actuarial Research, and Data Analytics teams. His responsibilities will also include overseeing the WCIRB’s Actuarial Committee and industry-leading research, playing a key role in representing the WCIRB at public rate hearings, and as an expert speaker at workers’ compensation events and conferences.
“Tony’s promotion to our Senior Leadership Team is an exciting next step for the WCIRB,” said Bill Mudge, President and CEO of the WCIRB. “With nearly two decades of experience within the organization, Tony is uniquely positioned to help guide the WCIRB as a strategic leader for the future.”
Industry observers believe that Milano’s appointment as WCIRB Chief Actuary comes at a pivotal time, as California continues to face shifting labor dynamics, post-pandemic claim patterns, and economic pressures that influence premium stability. By leading actuarial research and public engagement, he is expected to play a critical role in shaping how data is used to inform regulatory decisions, improve system transparency, and maintain fairness for both employers and injured workers.
Milano’s elevation to Executive Vice President underscores the WCIRB’s commitment to continuity and forward-looking leadership. His track record of balancing actuarial precision with collaborative engagement suggests that he will help steer the organization through emerging challenges such as rising medical costs, evolving workplace risks, and the demand for greater data transparency. For stakeholders across California’s workers’ compensation system, his leadership is expected to bring both stability and innovation in the years ahead.
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FAQs: WCIRB Chief Actuary
Who is the new WCIRB Chief Actuary?
The WCIRB Chief Actuary role has been filled by Tony Milano, who was promoted to Executive Vice President after nearly 20 years with the organization.
What responsibilities come with the WCIRB Chief Actuary position?
The WCIRB Chief Actuary oversees actuarial services, research, and data analytics while also representing the organization in public rate hearings and industry forums.
How has Tony Milano contributed to WCIRB before becoming Chief Actuary?
Before his promotion, Tony Milano served as Vice President of Actuarial Services, where he managed rate-making, reporting, and led production of the State of the System report.
Why is the WCIRB Chief Actuary role important for California’s workers’ comp system?
The WCIRB Chief Actuary plays a critical role in shaping fair rates, ensuring data transparency, and providing actuarial insights that guide state-level workers’ compensation policy.