Profile
Erik Jon Rasmussen
Current Employment
  • Company:
    Voya Financial
  • Position(s) and Responsibilities:

    As Vice President of Voya Financial I have three primary responsibilities.

    I lead the Employee Benefits Underwriting team and have a team of 65 people that are responsible for risk selection for Medical Stop Loss, Group Life and Voluntary products. The enforce block exceeds $2.1 billion with annual sales greater than $500 million dollars.

    I also lead the Affinity team, which manages an inform block of $80 million.

    I manage the run-off of our Group Reinsurance business, with reserves in excess of $100 million

  • Address:
    20 Washington Ave. S.
    Minneapolis, MINNESOTA 55401 United States
  • Phone:
    6123725607
  • Cell:
    6512082388
  • Email:
Credentials
  • Attorney:
    No
  • Degrees:
    Bachelor of Science in Mathematics with an Economics minor from the University of Minnesota
  • Designations:
    Associate of the Society of Actuaries
  • Languages:
    English
Work Experience
  • Insurance Company: 30 years.
    Underwriting Department: 8 years. Vice President Employee Benefits Underwriting
    Assumed Reinsurance Department: 14 years. Marketing Manager, Risk Manager
    Actuarial Department: 8 years. Actuary
Breakdown of Experience
  • Healthcare
    25%
  • Accident & Health
    20%
  • Life
    20%
  • Workers' Compensation
    15%
  • Commutations
    5%
  • Long Term Disability
    3%
  • Disability
    2%
By Market
  • U.S. Market:
    80%
  • U.K. Market:
    17%
  • European Market:
    2%
  • Global Market:
    1%

Insurance vs. Reinsurance: 40/60%
Treaty vs. Facultative Reinsurance: 75/25%
Current Insurance or Reinsurance Company Officer

Arbitration Experience

Number of Arbitrations

As an Arbitrator: 7

As Corporate Representative: 6

Arbitrator Experience
Number of Arbitrations
2
Appointed as an arbitrator.
4
Acted as an arbitrator through the organizational meeting or the arbitration has only reached this stage and the resolution of significant pre-hearing motions.
1
Acted as an arbitrator through to final award after completion of an evidentiary hearing of at least one full day and less than three full days regarding the substantive merits of the parties' dispute.
Company Representative Experience
Number of Arbitrations
2
Company Representative in arbitration through the organizational meeting or the arbitration has only reached this stage as well as significant motions before the panel, panel consultations, and interim awards, but not through the hearing briefs.
4
Company Representative in arbitration through evidentiary hearing of at least three full days regarding the substantive merits of the parties' dispute.
Biography

Over my career, I have worked on both the insurance and reinsurance side of the business with extensive experience in the Life, Accident and Health, and Workers Comp arenas.

In my role as Senior Vice President for Voya Financial I am responsible for team of 85 Underwriters that assess the risk for Medical Stop Loss, Group Life Insurance and Voluntary Products. I am also responsible for managing the run-off of our Group Reinsurance business.

I am an Associate of the Society of Actuaries and President of the Mounds View Schools Education Foundation.