SIGMA's Advanced Analytics Overview Brochure

Michelle Bradley, ACAS, MAAA, ARM, CERA, CCIS, Consulting Actuary, and Enoch Starnes, ACI, Captive and Complex Risk Consultant

Companies of all sizes are continuously finding new ways to integrate advanced data analytics into their risk management strategies.  Based on the relative dominance of “big data” in industry headlines, these innovative efforts don’t appear to be slowing down anytime soon.  Despite the increasing popularity of analytics, many companies still only see their actuary as a means of preparing reserve or loss projection analyses, but an actuary’s capabilities can expand far beyond those two reports.

Unfortunately, broaching the topic with an actuary and knowing where to start can be a challenge. So, to help guide this process, SIGMA has developed a PDF brochure to specifically address the most common types of advanced analytics.  The brochure starts by presenting a high-level introduction, then moves to pro-forma statement modeling, which can be useful for self-insureds, captives, and pools.  From there, the focus shifts to simulations and advanced statistical modeling, enterprise risk management consulting, and analytics for non-traditional program structures. Finally, a list is provided for other, less common, types of advanced analytics provided by actuaries.

Click to request a PDF or printed copy.

We welcome your feedback by posting a comment or contacting us at support@SIGMAactuary.com.

© SIGMA Actuarial Consulting Group, Inc.

Leave a Reply

Your email address will not be published. Required fields are marked *

Archives

Recent Posts

A Reflection on the Last Thirty Years
This month, SIGMA celebrates its thirty-year anniversary! SIGMA has come a long way since it was originally founded in 1995 by Timothy Coomer, PhD, and Al Rhodes. Despite three decades of continued growth and evolution, SIGMA has stuck closely to its original vision as a place to provide superb actu...
Read More
Warranty and Extended Service Contracts: What Data You Need and Why It Matters
With the increasing complexity of products and services in today's market, warranty and extended service contract programs require sophisticated actuarial analysis to ensure proper risk management. Companies offering these programs need to understand the distinction between manufacturer warranties a...
Read More
Meet SIGMA's Credentialed Actuaries
At SIGMA, our actuaries do more than crunch numbers; they help shape the future of risk management and the insurance industry. With decades of combined experience across diverse sectors, our team delivers deep analytical insight and practical solutions to the complex, evolving challenges our clients...
Read More
Captive Insurance in Focus: 2024 Trends and 2025 Predictions
Michelle Bradley and Enoch Starnes were recently featured in an article by Captive Insurance Times titled, "Breaking New Ground and Paving the Way". Along with other industry leaders, they reflect on the key trends that defined the captive insurance landscape in 2024 and share their predictions for ...
Read More

Subscribe to Our Blog



Copyright © 2023 – 2025 SIGMA Actuarial Consulting Group, Inc. All Rights Reserved.
chevron-down linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram