As we approach year end, many companies are finalizing details for their 2023 policy renewal. Such policies may include annual aggregate limits (or retentions) on losses retained as part of a company’s self-insured retention (SIR) or deductible. While the...
Michelle Bradley and Enoch Starnes recently authored an article for Captive International titled “Loss Development Factors: A Primer for Captives”. In it, they summarize the basic attributes of loss development factors, discuss their impact on retained risk, and...
Over ten years ago, Tim Coomer developed the “Cone of Uncertainty” graphic and wrote a corresponding article on the decisions surrounding risk assumption and retention levels. When Tim heard about concepts that SIGMA’s clients struggled to comprehend, he would often...
When to Use a Pure Loss Rating Matrix When insureds are considering how to fund estimated liabilities for a future period, they will often use a loss projection and confidence interval to determine adequate funding. For company XYZ, Inc. projected workers compensation...
Calculating a benchmark loss projection for workers compensation requires two key pieces of data: loss costs and payroll, each broken down by state and class code. While payroll amounts are typically available to companies from internal sources, loss cost...
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...
Terms: Your agency can offer this service to 100 of your firm’s top commercial clients with 1,000 employees or less.
Questions? Send us a note at support@sigmaactuary.com.
For teams up to 10 users, additional users can be added for $1500 per user
Each license includes:
Loss Forecaster
LORAN
Assessment Tools
Resource Library
Training
Questions? Send us a note at support@sigmaactuary.com.
Allows for unlimited users within your organization. We will call you to discuss pricing.
Each license includes:
Loss Forecaster
LORAN
Assessment Tools
Resource Library
Training
Questions? Send us a note at support@sigmaactuary.com.