SIGMA is highly active in the captive industry, and as such, we are often engaged to complete the analytical portion of captive feasibility studies. Over the course of our captive involvement, we have been able to work with numerous on-shore and off-shore domiciles, and one of the most interesting insights we’ve taken from these relationships […]
Over the past year the SIGMA team has received multiple requests from our clients for more detailed and frequent analysis of loss and loss adjustment expense reserve funding levels. In a recent article published in Captive International, Lori Ussery discusses several key items that risk-bearing companies should monitor throughout the year in order to avoid […]
In the last quarter of 2020, SIGMA Actuarial Consulting Group invited a group of insurance brokers, risk management consultants, and risk management staff of self-funded concerns to participate in a survey regarding collateral. This survey was similar to the ones conducted periodically by SIGMA from 2009 through 2014. A summary of the collateral survey and […]
Tim Coomer, Enoch Starnes, and Michelle Bradley recently authored an article for Captive International's Cayman Focus titled “Placing Risk Through Data and Analytics.” In it, they discuss how the pandemic has created almost unprecedented amounts of uncertainty within the risk management landscape and decision-makers are looking for viable alternative methods of handling risk. Click the […]
Prior SIGMA publications have focused on weather risk mitigation and data available for historical windstorms in the Atlantic: https://sigmaactuary.com/2019/01/07/weather-risk-mitigation-analytical-considerations/ https://sigmaactuary.com/downloads/SIGMAWindRisks.pdf These articles mentioned the use of parametric insurance as a mechanism to mitigate the financial impact of weather-related risk and analytical considerations for quantifying these types of risk. In a recent article published in Captive […]
Links in this blog require a RISK66 login. Register here for free access. Case 4: Additional Actuarial Reports Prior to Year-End Thus far, our series on loss projections in uncertain times has covered several analytical tools companies can use to track and analyze unforeseen changes to their risk portfolio. These have included analyzing changes due […]
The projection of losses involves estimating the expected or average value of future loss costs. This estimate is based on historical loss experience, adjusted to the current cost level considering both internal influences (such as development, changes in claims reserving, exposure volume and mix of business) and external influences (such as inflation and changes in […]
Case 3: Assessing Changes to Loss Development Factors The information provided thus far in SIGMA’s pandemic-related case studies has been met with fantastic feedback. In a recent Lunch & Learn webinar reviewing and expanding on the first case study, we received a very insightful question on whether loss development factors may be impacted by these […]
Case 2: Detecting Early Trends with Lag Analytics As organizations contend with the current pandemic and its operational, financial, and risk-related impacts, they will need to address new methods of utilizing analytics in their decision-making process. To help them achieve this, SIGMA has started a series of blog posts highlighting possible issues and providing thoughts […]
Case 1: Considerations for Companies with Temporarily Closed or Limited OperationsWith the insurance landscape evolving at a rapid pace, new risk-related situations, obstacles, and objectives have begun to emerge. SIGMA has received numerous questions regarding how these adjustments might impact our clients’ actuarial reporting, and as such, we have initiated a blog series to address […]