In the television drama, "Person of Interest," massive amounts of surveillance data, complex algorithms, and some interesting special effects help us imagine just how far data analysis and predictive analytics might someday go in order to predict risk. While the show’s early 2011 premiere was purely fictitious, the explosive case of N.S.A. whistle-blower Edward Snowden […]
Last month, I introduced the concept of an “analytical broker” and discussed the push for analytics from the C-Suite down through the organizations that are your clients. I also used a small vignette to raise the question, “what is an analytical broker?” This month, I introduce enterprise risk management from a new perspective. One of […]
Imagine that you are sitting across from a risk manager during a sales presentation. The company is a fast growing manufacturing firm and would be the largest new account for your agency this year. You’ve covered your firm’s capabilities and are optimistic about the account’s acquisition. Then, the risk manager throws a potential wrench into […]
By Michelle Bradley, ACAS, MAAA, ERM, CERA and Enoch Starnes Through a series of blogs, SIGMA has begun to address some common questions, requirements, and issues based on our previous experience with clients and auditors. The first blog in the series focused on actuarial qualifications and an actuarial qualification statement. The second focused on auditor […]
In the last quarter of 2013, 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 by SIGMA in 2009 through 2012. The goal of the survey was to assess, […]
I spent some time this week outlining a concept for my PhD dissertation. It concerns the decision process related to selecting a workers compensation large deductible policy. I’m still a long ways from getting a formal proposal written, but I loved the brainstorming this effort created in the office this week. If you work with […]
SIGMA Actuarial Consulting Group, Inc. invites insurance brokers, risk management consultants, and risk management staff of self-funded concerns to participate in our annual collateral survey. The survey takes about 5 minutes to complete and will be available through November. The published survey results will be shared with our survey participants. As an added bonus, participants […]
Through a series of blogs, SIGMA has begun to address some common questions, requirements and issues based on our previous experience with clients and auditors. The first blog in the series focused on actuarial qualifications and an actuarial qualification statement. The second focused on auditor inquiries related to actuarial independence. This blog will address the […]
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 […]
Recent changes in the state of California have prompted us to issue a year-end special blog to all RiskMangementBlog.com subscribers. This information is critical to brokers and their clients that work in or have operations in the state of California. Effective January 1, 2013, actuarial reports will be a required component of each private self-insurer […]