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 […]
An actuarial reserve analysis examines a program’s loss-sensitive policy years in order to calculate a required reserve estimate for all claims incurred as of the evaluation date. This reserve estimate is a key component in determining collateral for self-insured and large deductible programs. Since individual reserve estimates are evaluated at a specific point in time, […]
A recent article written by SIGMA's Michelle Bradley and Lori Ussery and published in Captive International discussed the importance of using analytics to leverage a company’s position with insurers and create new strategies for dealing with a hardening market. View the complete article here. As a follow up to the article, we have created a list […]
Michelle Bradley recently authored an article for Captive International titled “Analytics for Emerging Enterprise Risks.” In it, she discusses how as a captive matures, advanced correlation analytics and financial statement modelling may be necessary to ensure the most efficient strategies and programmes are in place Click to download a PDF copy We welcome your feedback […]
There are many reasons an actuary may be engaged to complete an actuarial report, everything from due diligence to regulatory requirements. These engagements commonly involve review work which require the engaged actuary to review another actuary’s report for a large deductible program, captive submission, or NAIC reporting requirements. Glenn Richards is a Partner at Crowe […]
When a company begins the due diligence process for acquiring another entity, several actuarial factors must be considered. For risk related specifically to property and casualty, the main question needing to be answered pertains to the actual liabilities being acquired and how accurately they are being estimated. When the target company has maintained insurance programs […]
The types of calls I receive on analytics typically fall into two categories. One is from producers who lost an account because the competition offered an analytics-based decision approach. As a result, they want to know how to go up against this type of broker in the future. The other is from a producer who […]
By Michelle Bradley, ACAS, MAAA, ARM, CERA and Enoch Starnes Through a series of blog posts, SIGMA has begun to address some common questions, requirements, and issues based on our previous experience with clients and auditors. Prior entries have focused on qualifications and factors surrounding the actuarial analysis. In this post, we’d like to dive […]