Loss Control | SIGMA Actuarial Consulting Group, Inc.

Aggregate Loss Retentions and Changing Exposures

by Lori Ussery, Actuarial Consultant | Dec 12, 2022 | Loss Control

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...

Loss Development Factors: A Primer for Captives

by Michelle Bradley, ACAS, MAAA, ARM, CERA, Consulting Actuary and Enoch Starnes, ACI, Actuarial Consultant | Nov 9, 2022 | Analytical Issues, Loss Control, Loss Development and Trend, Published Article

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...

Visualizing Risk Retention and Variation

by Michelle Bradley, ACAS, MAAA, ARM, CERA, Consulting Actuary and Enoch Starnes, ACI, Actuarial Consultant | Sep 21, 2022 | Loss Control, Loss Development and Trend

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...

Utilizing a Pure Loss Rating Matrix

by Jason Luckett, Actuarial Consultant & Sam Rhodes, Actuarial Analyst | Jul 25, 2022 | Loss Control, Loss Development and Trend

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...

Workers Compensation Benchmark Loss Projections

by Jackson Rhodes, Actuarial Analyst | Mar 28, 2022 | Benchmarking, Loss Control, Loss Development and Trend

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...

Reconciling Reserve Changes Video

by Tony King | Mar 23, 2020 | Analytical Issues, Loss Control

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...

« Older Entries

Aggregate Loss Retentions and Changing Exposures

Loss Development Factors: A Primer for Captives

Visualizing Risk Retention and Variation

Utilizing a Pure Loss Rating Matrix

Workers Compensation Benchmark Loss Projections

Reconciling Reserve Changes Video

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