Enoch Starnes and Michelle Bradley recently authored an article for Captive International titled “Evaluating Captive Retention Structures in a Hard Market.” In it, they discuss the analytics needed to support retention selection and program structure development. Also included is a high-level examination of various total cost of risk (TCOR) metrics. While the article primarily focuses […]
In the last quarter of 2020, 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 periodically by SIGMA from 2009 through 2014. A summary of the collateral survey and […]
Links in this blog require a RISK66 login. Register here for free access. Case 4: Additional Actuarial Reports Prior to Year-End Thus far, our series on loss projections in uncertain times has covered several analytical tools companies can use to track and analyze unforeseen changes to their risk portfolio. These have included analyzing changes due […]
Case 3: Assessing Changes to Loss Development Factors The information provided thus far in SIGMA’s pandemic-related case studies has been met with fantastic feedback. In a recent Lunch & Learn webinar reviewing and expanding on the first case study, we received a very insightful question on whether loss development factors may be impacted by these […]
Case 2: Detecting Early Trends with Lag Analytics As organizations contend with the current pandemic and its operational, financial, and risk-related impacts, they will need to address new methods of utilizing analytics in their decision-making process. To help them achieve this, SIGMA has started a series of blog posts highlighting possible issues and providing thoughts […]
As part of SIGMA’s continuing efforts to provide actuarial expertise and guidance to the captive industry, we recently wrote an article for Captive International, a UK-based publication, discussing adverse loss scenario modeling. In it, Michelle Bradley and Enoch Starnes discuss the various circumstances that might impact the adverse loss scenario within a feasibility study, as […]
Case 1: Considerations for Companies with Temporarily Closed or Limited OperationsWith the insurance landscape evolving at a rapid pace, new risk-related situations, obstacles, and objectives have begun to emerge. SIGMA has received numerous questions regarding how these adjustments might impact our clients’ actuarial reporting, and as such, we have initiated a blog series to address […]
There are many reasons an actuary may be engaged to complete an actuarial report, everything from due diligence to regulatory requirements. These engagements commonly involve review work which require the engaged actuary to review another actuary’s report for a large deductible program, captive submission, or NAIC reporting requirements. Glenn Richards is a Partner at Crowe […]
Authors: Michelle Bradley, ACAS, MAAA, ARM, CERA, and David Shamblin, CTFA The placement of new risks in a captive should always lead to a review and possible modification of the captive’s asset strategy, especially when the added risks are non-traditional in nature. During this review, both the assets and liabilities on a captive’s balance sheet […]
The captive industry offers a wide variety of solutions to the issues faced by companies needing property and casualty insurance coverage, but exploring these options can easily start to feel like an overwhelming prospect. While decisions regarding structure and domicile may provide a solid understanding of the captive’s future operations, the ultimate decision is based […]