Remembering Richard Morris Williams: Insurance Innovator and Leader

The insurance industry mourns the loss of Richard "Rick" Morris Williams, a notable figure whose innovative contributions and leadership significantly impacted the sector. Williams passed away on January 2, 2026, at the age of 81, after a remarkable career in actuarial science that influenced product development and the broader regulatory landscape.

Industry Innovations and Regulatory Milestones

Williams began his career at Fidelity Union in Dallas, Texas, after earning a degree in Mathematics and Computer Science from the University of Washington in 1970. His dedication led him to achieve Fellowship in the Society of Actuaries by 1978. While at the Life Insurance Company of California, he famously pioneered one of the first Universal Life insurance products, navigating extensive regulatory compliance requirements by traveling to all 50 states to secure approvals.

Leadership and Lasting Legacy

In 1984, Williams moved to John Alden Life in Miami, where he co-managed the life division and fostered strong provider-payer relationships through successful engagement strategies. After a marketing venture post-1997, he returned to his actuarial roots at American National Insurance Company in Texas, where he not only contributed to risk management and underwriting but also engaged with the community. Williams's legacy as a pioneer in the insurance industry endures, celebrated for his commitment to innovation and regulatory advancement. A memorial service will honor his contributions on January 31, 2026, in Florida.