Hang Fan has over 14 years of work experience in the insurance industry. Currently, Hang is the Chief Pricing Actuary at the New York State Insurance Fund (NYSIF), a position held since September 2020. Prior to this, Hang worked at AIG as an Actuary from August 2018 to September 2020. Before joining AIG, Hang served as a Predictive Modeling Analyst at Chubb from July 2016 to August 2018. Hang gained managerial experience at Everest Reinsurance Company, where they were a Manager from March 2013 to July 2016. Hang began their career at Farmers Insurance, starting as a Senior Actuarial Analyst in July 2006 and working there until March 2013.
Hang Fan attended Columbia University in the City of New York from 1997 to 2001, where they earned a Bachelor's degree in Electrical and Electronics Engineering.
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New York State Insurance Fund (NYSIF)
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The New York State Insurance Fund (NYSIF) was established in 1914 as part of the original enactment of the New York State Workers’ Compensation Law. NYSIF's mission is to guarantee the availability of workers’ compensation insurance at the lowest possible cost to New York employers and to provide timely, appropriate indemnity and medical payments to injured workers, while maintaining a solvent fund. Since inception, NYSIF has fulfilled the dual roles for which it was created: to compete with other carriers to ensure a fair market place and to be a guaranteed source of coverage for employers who cannot secure coverage elsewhere. NYSIF is the largest workers’ compensation carrier in New York State and among the top 10 largest workers’ compensation carriers in the nation, insuring approximately 155,000 policyholders, with more than $2 billion in annual premium and $18 billion in assets. A self-supporting insurance carrier, NYSIF operates without taxpayer funding. In addition to workers’ compensation insurance, NYSIF provides disability benefits coverage for off-the-job injuries to more than 61,000 New York employers. In 2018, NYSIF added Paid Family leave as a component of its disability benefits product, providing New Yorkers with job-protected, paid time away from work to care for their families.
