"The important work we do at the NAIC is accomplished in part by an impressive team of financial and actuarial experts," said NAIC COO and Chief Legal Officer Andy Beal. "Elise is a valued member of our Financial Regulatory Affairs team and we congratulate her for this honor."
Elise joined the NAIC in 2010 as a Special Advisor for Insurance Markets and International Prudential Supervision. She was selected for the award based on her exceptional contributions and devoted years of public service.
"The NAIC is proud Elise is being honored by the Academy," said NAIC CEO Mike Consedine. "Those who work with her across the globe are well aware of her contributions to state insurance regulation, and it's heartening to see her receive this recognition for her tireless contributions."
The Academy recognizes several of their most dedicated volunteers each year for their service to the public, the U.S. actuarial profession, and the Academy. The Myers Award honors actuaries who have made an exceptional contribution to the common good. It is named for Robert J. Myers who was instrumental in the design and funding of the Social Security system.
"It is no hyperbole to describe Elise's public service accomplishments as wide-ranging and impressive. Her career has spanned the New York State Insurance Department (now Department of Financial Services), to work in developing a NAIC risk-based capital formula, to building expertise within the Federal Reserve Bank of New York in insurance following the enactment of the Gramm-Leach-Bliley Act, to being a leading U.S. voice at the International Association of Insurance Supervisors on financial stability and international standards for insurance supervision," said AAA President Steve Alpert. "She has had a profound impact on the structure of regulation, both domestically and internationally, winning the praise of her peers and her selection by the Academy's Executive Committee on the basis of a glowing recommendation from the Academy's Committee on Actuarial Public Service."
Past NAIC recipients of the award include Larry Bruning, Michael Boerner, Julia Philips and Mary D. Miller.