Gerald H. O’Connell has expertise in econometrics, advanced analytics, large-scale database development, model development for complex class action matters, as well as performance improvement projects with more than 30 years of experience in the insurance industry and consulting.
Mr. O’Connell’s most recent experience has included compiling large databases to analyze damages in class action disputes involving financial derivative markets as well as corporate B2B pricing and billing practices. This was facilitated through the development of requirements for software and hardware purchases, providing guidance on procedures to extract and transmit a 10 terabyte database, developing detailed rules for integrating different data sources, and coding complex calculations. Additionally, he has provided data management and business intelligence services for the BRG Healthcare Performance Improvement practice area.
As a consultant, Mr. O’Connell has analyzed claims data for property casualty and medical insurers to identify areas of fraud and leakage. He provided business knowledge and analytic support in developing a response model of potential fraud for a major auto carrier in China decreasing unnecessary fraud investigations by 50 percent. He developed a vendor management analysis of legal counsel performance that created a scorecard used in attorney selection, reducing legal costs by approximately 10 percent. He also developed a predictive model of legal spend used to benchmark performance of Paid-to-Paid reserving methods.
As an underwriter and consultant, he has developed broad-based business experience and problem-solving skills providing insights into underwriting and pricing decisions, product development, sales channel management, customer churn and retention, fraud identification, and vendor management using advanced analytic techniques such as decision tress, clustering techniques, GLM regression, non-parametric tests, time series/GARCH, and graph/network analysis.
Mr. O’Connell holds a certification as an Associate in Risk Management (ARM) from the Insurance Institute of America.
Johns Hopkins University
M.A., Applied Economics, 2010
Loyola University, Chicago
BBA, Managerial Accounting, 1991