Visualizing Ultimate Loss Components

Michelle Bradley, ACAS, MAAA, ARM, CERA, CCIS, Consulting Actuary and Enoch Starnes, ACI, Actuarial Consultant

SIGMA is pleased to announce that an updated version of one of our most popular educational resources, the Loss Map graphic, is now available. As part of the revision process, this one-page document has been expanded to include helpful definitions for the components involved in estimating ultimate losses. If you’re unfamiliar with this resource, below are a few of its key uses:

  • Visualizing the flow of how each component builds to an ultimate loss estimate
  • Isolating the components obtained from a loss run versus those derived through actuarial analytics
  • Detailing the two components of IBNR

Of course, the Loss Map is just one of the many documents and videos found in our complimentary RISK66 education portal. For a fantastic companion piece to this updated resource, consider downloading our newly revised booklet, An Actuarial Advantage.

Loss Map

As always, SIGMA is available to discuss solutions to challenges unique to a particular company or industry. Schedule a call today with one of our consulting actuaries.

We welcome your feedback by 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Your email address will not be published.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

August 23, 2023
Analytical Strategies for Large Deductible Policies
Enoch Starnes, ACI, Actuarial Consultant
No Comments
When companies are determining a large deductible policy structure for their P&C risks, it is unfortunately all too common for the final decision to be based on “back of the napkin” calculations. This is often due to a lack of time, resources, or comfort in using more effective analytic...
Read More
July 26, 2023
Optimizing Your Large Deductible Policy
Enoch Starnes, ACI, Actuarial Consultant
No Comments
Large deductible policies provide companies the opportunity to reduce their insurance premiums in exchange for a portion of the retained losses from a covered risk. In some cases, the amount retained by an insured is based on costs from individual claims or occurrences, but it might also be based on...
Read More
June 14, 2023
Mid-year 2023 Actuarial Report Prep 
Michelle Bradley, ACAS, MAAA, ARM, CERA, CCIS, Consulting Actuary and Enoch Starnes, ACI, Actuarial Consultant
No Comments
Quarterly or semi-annual actuarial reports can help eliminate year-end surprises and manage overall financial reporting. This may be particularly helpful if your company has had significant changes during the year such as growth, acquisitions, divestitures, changes in third party claims administrato...
Read More
May 23, 2023
Legislative Changes and Captive Actuarial Analytics
Michelle Bradley, ACAS, MAAA, ARM, CERA, CCIS, Consulting Actuary and Enoch Starnes, ACI, Actuarial Consultant
No Comments
In a recent article published by Captive International, Michelle Bradley and Enoch Starnes discuss “Legislative Changes and Captive Actuarial Analytics”. In it, they examine recent legal developments in the United States and how they might affect the captive insurance industry. The insurance w...
Read More

Subscribe to Our Blog



hello world!
Copyright © 2023 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