Executive Bio
Mr. Vincent Bodnar, also known as Vince, ASA, MAAA, has been Senior Vice President of Product Management - US Life Insurance Division at Genworth Financial, Inc. since August 08, 2017. Mr. Bodnar is responsible for the design, development and management of Genworth's life, long term care and annuity product portfolios. Prior to joining Genworth Financial, Mr. Bodnar served as Chief Actuary at Long Term Care Group, Inc. from January 2015 to August 2017 where he led new business development. He joied LTCG from Towers Watson & Co., where he served as Director of Strategic Long Term Care Efforts and Initiatives until January 2015. He joined Towers Watson as part of its acquisition of DaVinci Consulting Group, which he co-founded in 2007. Mr. Bodnar served as Principal and Consulting Actuary at DaVinci Consulting Group, LLC. He was a principal and consulting actuary for Wakely Actuarial Services, Inc. His background includes more than three decades of experience in life and health insurance products, with a concentration in long term care since 1990. His clients have included insurance companies, banks, reinsurance companies, Blues plans, HMOs, government agencies health care providers and independent marketing organizations. He is recognized as one of the leading long-term care insurance experts in the country, with over 20 years of experience with the product. In fact, he has a stellar reputation as a leader in his field and a visionary with a strong grasp of market trends and opportunities. These collective strengths align ideally with LTCG's strategic focus on helping carriers improve their financial and operational performance through end-to-end administrative solutions. This involves addressing all types of customer and policy requirements-from application processing and underwriting of new business to claims and administration of open and closed blocks. He is also well-versed in premium rate increase filings, long term care morbidity and mortality experience studies, actuarial appraisals of insurance companies and blocks of business as well as the development and implementation of first-principles long term care projection models. His experience includes both stand-alone long-term care products as well as combination products linked to life insurance and annuities. Mr. Bodnar was a Principal with Milliman, Inc. Prior to joining Milliman, he served as Chief Actuary of GE Financial Assurance (now Genworth), where he was responsible for developing strategic alliances. Prior to joining GEFA, he was a consulting actuary for KPMG LLP. He has extensive experience in the area of life and long term care combination product development. He serves as Chairperson of the 2011 Intercompany Long-Term Care Insurance Conference. He serves as Chairperson of the 2007 Intercompany Long-Term Care Insurance Conference. He served as Chairperson of the Society of Actuaries' Long Term Care Insurance Section. He serves as Member of American Academy of Actuaries Affiliations. He served as a Director of GEFA's insurance entities. He served as a member of the American Academy of Actuaries State Health Committee and member of the AAA Task Force on Long-Term Care. Mr. Bodnar has published on the topic of long-term care several times. He was recently named one of the 20 Most Creative People in Insurance by National Underwriter. He is an associate of the Society of Actuaries. He is a member of the American Academy of Actuaries.