Loss Development and Trend | SIGMA Actuarial Consulting Group, Inc.

Components of a Loss Analysis

by Timothy L. Coomer, Ph.D. | Jun 7, 2019 | Loss Development and Trend

A workers compensation loss analysis can be utilized in a number of ways depending on the situation and needs of the user. Reserve certification, satisfaction of self-insurance requirements, negotiation of security requirements and letters of credit, insurance...

The Bornhuetter-Ferguson Method

by Lucy Zhang and Enoch Starnes, ACI | Feb 14, 2019 | Loss Development and Trend

Actuaries will use multiple actuarial methods to determine the estimated ultimate losses when completing an actuarial analysis of unpaid claim liabilities. The Bornhuetter-Ferguson (B-F) method and the development methods (also known as chain ladder methods) are two...

Knowing the Risks of Using Internal Calculations

by Michelle Bradley, ACAS, MAAA, ARM, CERA | Aug 27, 2018 | Loss Development and Trend

Many companies don’t believe that their retained liabilities are big enough or complex enough to warrant hiring an actuary. Therefore, internal calculations are often completed using spreadsheets or various software tools. In some situations, these calculations may...

The Balance of Quantitative Measures and Qualitative Information, a Community Effort

by Lori Ussery, Actuarial Consultant | Mar 6, 2018 | Loss Development and Trend, Training Resources

Early last year, I visited the USS Midway Museum in San Diego. The museum offers tours of the decommissioned aircraft carrier, led by docents, many of whom served on the USS Midway or another vessel. As I toured the bridge and entered the chart room, the docent...

Silent Evidence

by Enoch Starnes, ACI | Dec 13, 2017 | Loss Control, Loss Development and Trend

What is silent evidence? How can I look for it? What benefit does it provide? As technology advances, companies are continuing to get better and better at capturing, manipulating, and examining data. One of the many results of this improvement is that the ability to...

The Analytically Based – Data Driven Broker: Loss Cost Analysis

by Timothy L. Coomer, Ph.D. | Mar 13, 2017 | Loss Control, Loss Development and Trend

Blog 1: Intro to SIGMA & Scope and Data RequirementsBlog 2: Loss Development FactorsBlog 3: Reserve and Cash Flow AnalysesBlog 4: Trending, Pure Loss Rates, and Loss ProjectionsBlog 5: Confidence Interval and Retention Level AnalysesBlog 6: Loss Cost Analysis Our...

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Components of a Loss Analysis

The Bornhuetter-Ferguson Method

Knowing the Risks of Using Internal Calculations

The Balance of Quantitative Measures and Qualitative Information, a Community Effort

Silent Evidence

The Analytically Based – Data Driven Broker: Loss Cost Analysis

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