Business strategy is my favorite business subject. Recently, I started a doctoral program at Oklahoma State University to work toward a PhD in Business. Strategy is one of the first “deep dives” of the doctoral program and it seemed fitting to start off this year’s blog discussing strategy, specifically, how does SIGMA fit into your […]
If you have not read this compelling report, “Agents of the Future: The Evolution of Property and Casualty Insurance Distribution,” the report can be found here. It is a 15 minute read and well worth the time. I strongly suggest you read the report, but here are just a few excerpts: Article Excerpts “Where agents […]
Oceanus Partners recently published an article titled, "Utilizing Independent Actuarial Resources to Gain a Competitive Advantage." The article provides an excellent summary of analytics as a differentiator. On August 30th, SIGMA will participate in an open webinar hosted by Oceanus Partners to discuss the actuarial advantage. For your convenience we have included the article below: Utilizing […]
As a follow-up to our previous blog about collateral requirements, we have put together a one page graphic. This graphic summarizes all the great insights we gained from the interview with Steve Coombs and adds in some observations from SIGMA. This piece should be a good internal guide on how to prevent issues arising from […]
For many years, SIGMA has had the pleasure of knowing and working with Steve Coombs, CPCU, ARM. Steve recently co-authored the 2nd Edition of Workers Compensation Guide: Coverage and Financing published by The National Underwriter Company. I bought the book and found it to be a straightforward summary excellent for experienced workers compensation professionals and […]
I am fortunate to have the opportunity to meet with Powered by SIGMA brokers on a weekly basis as I travel around the country. My goal is always to make sure I understand the challenges facing PBS brokers and how SIGMA and the PBS resources might best support our PBS members. Topics that are discussed […]
This blog introduces a graphic that shows the pieces that make up “Ultimate Losses.” The ultimate losses of a policy period will typically not be known for many years. Actuaries are hired to estimate ultimate losses to help a company use appropriate reserve amounts for planning and financial statement purposes. Here are some definitions for […]
As a follow up to our blog "Q&A with Amethyst" on April 23rd, we promised a Captive Assessment Tool would be added to the portal. This was completed just in time for the Vermont Captive Insurance Association conference (August 7th – 9th). If you are going to be attending VCIA’s 2012 conference, please be sure […]
A few weeks ago, Al Rhodes and I had the opportunity to meet with several service providers and representatives of the Cayman Island Monetary Authority (CIMA) while visiting the Cayman Islands. If you have interest in learning more about forming a captive in the Cayman Islands, please contact us and we will help you find […]
During the past few months, I have been traveling and delivering Powered by SIGMA training to brokers and agents across the country. The training has been extremely well received and always generates some great follow up questions for me to address. One frequent topic concerns captives. Specifically, I am asked “what type of client might […]