With the increasing complexity of products and services in today's market, warranty and extended service contract programs require sophisticated actuarial analysis to ensure proper risk management. Companies offering these programs need to understand the distinction between manufacturer warranties and extended service contracts, as well as the unique characteristics of warranty risk analysis compared to traditional […]
Michelle Bradley and Enoch Starnes were recently featured in an article by Captive Insurance Times titled, "Breaking New Ground and Paving the Way". Along with other industry leaders, they reflect on the key trends that defined the captive insurance landscape in 2024 and share their predictions for challenges and opportunities in 2025. In regards to […]
The transportation industry, a vital backbone of the global economy, is characterized by its complexity and inherent risks. From logistics and supply chain management to passenger transport and freight services, companies within this sector face a multitude of challenges. These challenges include shock verdicts, regulatory compliance, and the ever-present risk of accidents and liabilities. To […]
When analyzing insurance-related data, actuaries must always be cognizant of the nuances within the underlying policies, particularly when it comes to their impact on Loss Development Factors (LDFs). The complexities they present may grow more pronounced when the policy type changes over time or has relatively unique parameters. Here, we address two critical questions which […]
In 2011, SIGMA’s Tim Coomer authored a blog titled "Understanding Loss Development Factors” in response to the numerous questions we received on the concept of loss development. Since then, it has become SIGMA’s most viewed blog of all time and continues to receive significant amounts of views on a monthly basis. Between Tim's ability to […]
In a recent article published by Captive International, Sol Feinberg and Enoch Starnes discuss how the captive insurance space serves as an enticing option for entities faced with emerging or complex risks which often have limited amounts of historical data points. While this presents obstacles for actuarial analytics using traditional methods, it doesn’t mean actuarial […]
The keys to a reliable actuarial analysis are good data and reasonable underlying assumptions for the program being analyzed. Therefore, any information regarding the insurance program which could materially affect the analysis should be provided to your actuary. The two most common types of actuarial reports are the loss projection analysis and a reserve analysis. […]
Large deductible policies provide companies the opportunity to reduce their insurance premiums in exchange for a portion of the retained losses from a covered risk. In some cases, the amount retained by an insured is based on costs from individual claims or occurrences, but it might also be based on the total cost of claims […]
Quarterly or semi-annual actuarial reports can help eliminate year-end surprises and manage overall financial reporting. This may be particularly helpful if your company has had significant changes during the year such as growth, acquisitions, divestitures, changes in third party claims administrators, or shifts in geographic exposures. Last year, we provided several tips for completing a […]
Today we are joined by Chairman and CEO of 1970 Group, Stephen Roseman, CFA. With over 25 years of securities, investment management and insurance industry experience, Stephen is a perfect candidate for a discussion on collateral. We hope you enjoy his insight as much as we do. Q1: What collateral trends are you currently […]