Obstacles and challenges in the insurance industry abounded in 2022, which presented difficulties globally. As we reflect on the last year, perhaps the largest challenge we faced as a firm was losing our beloved CEO, Timothy Coomer, PhD to a two year cancer battle. Tim’s original goal for SIGMA, which was to provide superb actuarial […]
Fifteen years ago, Tim Coomer created “An Actuarial Advantage” with the goal of educating his fellow insurance colleagues on actuarial concepts and methodology. With well over 100,000 copies of the book now in circulation, we are excited to publish a new edition marking the 15th Anniversary of its initial release. Even in light of the […]
Jason Luckett was recently selected by Captive Insurance Times as Emerging Talent. In his interview, he discussed his career highlights in the captive industry thus far, advice for someone considering a role in the captive industry, and much more! Read the full interview by clicking the link below and navigating to pages 18-19. Click to […]
Enoch Starnes was recently selected by Captive Insurance Times as Emerging Talent. In his interview, he discussed how he ended up in the captive industry, advice for someone considering a role in the captive industry, and much more! Read the full interview by clicking the link below and navigating to pages 32-34. Click to read […]
Authors: Michelle Bradley, ACAS, MAAA, ARM, CERA, and David Shamblin, CTFA The placement of new risks in a captive should always lead to a review and possible modification of the captive’s asset strategy, especially when the added risks are non-traditional in nature. During this review, both the assets and liabilities on a captive’s balance sheet […]
Michelle Bradley was recently interviewed by Captive Insurance Times, along with Scott Kehler and Mike McAndless of Weatherlogics. In their interview, they discussed weather analytics and their relation to weather captives, as well as how organizations cannot control the weather, but they may be able to mitigate its financial impact. Read the full interview by […]
Lucy Zhang was recently selected by Captive Insurance Times as Emerging Talent. In her interview, she discussed her aspirations for her career in the captive industry, advice for someone considering a role in the captive industry, and much more! Read the full interview by clicking the link below. Click to read Lucy's interview We welcome […]
Al Rhodes was recently interviewed by Captive Insurance Times along with other captive insurance experts to discuss the emergence of non-traditional risks of 2019 and look to the future of the industry. In his interview, he and other interviewees addressed the following questions in more detail: What trends do you think the industry will see […]
In the SIGMA Tech Talk titled “Understanding Loss Development Factors,” we introduced IBNR losses as those losses which occur during a loss period but are not reported until a later date. The definition of IBNR also typically includes development of known claims. In this article, we look further at the significance and calculation of IBNR […]
Whether you are a broker, CFO, or risk manager, you have probably heard the terms loss development triangle, loss development factor, and IBNR (incurred but not reported losses). These are often included in the first analytical step of an actuarial analysis. Yet a survey of insurance professionals would likely result in a long list of […]