SIGMA's Retention Analytics Overview Brochure

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

One of SIGMA’s core objectives as an actuarial consulting firm is to reduce the perceived gap standing between insurance professionals and their ability to utilize actuarial analytics in their day-to-day work. All too often, this obstacle stems from of a lack of time, resources, or comfort in using more effective analytical approaches.

Take, for example, the process of reviewing a company's risk financing options. When determining a large deductible or self-insured retention policy structure for their property and casualty risks, it is unfortunately quite common for the final decision to be based on “back of the napkin” calculations. An analytically sound risk financing strategy, on the other hand, addresses retention selection across multiple risks and then evaluates how these retained losses aggregate at the portfolio level.

To help make the latter scenario a more accessible option for our risk and insurance colleagues, SIGMA has developed a PDF brochure specifically addressing the concept of retention analytics. This new resource starts by presenting a high-level introduction to the retention analysis, then moves to visualizations of the overall cost of risk and its potential variability. From there, the focus shifts to highlighting formulas which allow for a more strategic and analytical review of possible retentions.  Finally, the analytical tools in RISK66 which might assist in this exercise are highlighted and summarized.

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.

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