Ken Van Laar was appointed Chief Risk Officer in January 2011. The CRO position was one of five executive appointments authorized for State Fund by Senate Bill 1145, signed into law in 2008.
Van Laar began his insurance-industry career in 1983 at Transamerica Insurance Group, and then moved on to Industrial Indemnity in 1988, where he was the chief pricing actuary until 1994.
He was Liberty Mutual’s first regional actuary between 1994 and 1999, where he was responsible for developing pricing and risk selection methodologies in seven western states. He later became vice president & chief actuary of Liberty Mutual’s Middle Market.
Most recently he helped found CompWest Insurance Company where he was chief underwriting officer and chief actuary.
Van Laar has also played valuable roles in several regulatory and research groups in the California market. They include committee positions at the Workers' Compensation Insurance Rating Bureau of California (WCIRB) and the California Workers' Compensation Institute (CWCI).He earned a bachelor of arts degree in Applied Mathematics from the University of California, Berkeley in 1983.
The CRO will oversee underwriting, actuarial, reinsurance and enterprise risk management functions, as well as run State Fund's enterprise risk committee.