Colton Storseth, Management Consultant in Bismarck, ND, United States
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Colton Storseth

Management Consulting Expert

Bismarck, ND, United States

Toptal member since February 5, 2026

Bio

Colton, currently a chief actuary of the North Dakota Insurance and Securities Department, has 13 years of regulatory experience. He has reviewed insurance contracts for compliance with state and federal law. He has also reviewed many health insurance contracts for reasonableness, including those subject to the Affordable Care Act. Colton also has experience with 1332 waivers and financial reviews.

Case Studies

Industry Expertise

  • Government
  • Insurance
  • Healthcare & Insurance

Software Expertise

  • Microsoft Excel

Other Expertise

  • Actuarial
  • Affordable Care Act
  • Insurance Law
  • Pricing Review
  • System for Electronic Rate and Form Filing (SERFF)

Work Experience

Chief Actuary

2017 - PRESENT
North Dakota Insurance Department
  • Performed analysis and projections for the department's 1332 waiver for 2025 – 2029.
  • Reviewed all types of health insurance premiums for reasonableness and compliance with state law.
  • Created reports for the insurance commissioner (including the Affordable Care Act premiums). Assisted the commissioner in the final decision on premium rates for those products.
Focus areas: Health Insurance, Actuarial

Form Analyst

2013 - 2017
North Dakota Insurance Department
  • Reviewed hundreds of filings, including life and health insurance, for compliance with state and federal law.
  • Performed the annual review of Affordable Care Act filings to ensure insurers stayed up to date with federal law changes.
  • Worked toward becoming the department's actuary by passing three preliminary actuarial examinations prior to being promoted to the role.
Focus areas: Health Insurance

Education

2008 - 2012

Bachelor of Science Degree in Mathematics (Actuarial Emphasis)

Bemidji State University - Bemidji, MN, USA

Certifications

SEPTEMBER 2024 - PRESENT

Fellow of the Society of Actuaries (FSA)

Society of Actuaries (SOA)

JANUARY 2020 - PRESENT

Professional in Insurance Regulation

National Association of Insurance Commissioners

Skills

Finance

Forecasting, Pricing

Output Software

Microsoft Excel

Industry Expertise

Health Insurance, Insurance, Life Insurance

Other

Pricing Review, Actuarial, R Studio, Insurance Law, Affordable Care Act, Mathematics, System for Electronic Rate and Form Filing (SERFF)

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