Michael J. Covert, FCAS, MAAA

• Principal & Consulting Actuary

Mike Covert is a Principal & Consulting Actuary with Perr&Knight.  In this role, Mike oversees actuarial work such as ratemaking (development and support for new rates, changes to existing rates, etc.), reserving, feasibility and funding studies, class plan analyses, rate and rule filings across all jurisdictions and competitive comparisons across most personal and commercial lines of business.  As an actuary and lead project manager, Mike advises clients from an actuarial perspective regarding competitiveness and profitability in the insurance marketplace.  Mike has extensive experience with personal automobile, including usage based insurance, and homeowners insurance ratemaking and reserving.

Since joining Perr&Knight in 2003, Mike has gained significant experience in commercial lines pricing including, but not limited to, commercial auto, commercial property, general liability, businessowners policy (BOP), commercial package policy (CPP), many professional liability lines, cyber liability, aviation, auto warranty, wireless communication (cell phones), tire & wheel, guaranteed auto protection (GAP), pet insurance, and surety. He has also filed nationwide rate/rule/form filings for these lines of business and is very familiar with the requirements in each state.

Mike graduated Magna Cum Laude from Temple University in 1997 with a Bachelor’s degree in Actuarial Science. He became a Fellow of the Casualty Actuarial Society in 2002 and is a member of the American Academy of Actuaries.  Mike has also given a number of industry presentations on the following topics: usage based insurance, rate/rule filing flexibility, and long term contracts.