by Timothy L. Coomer, Ph.D. | Sep 4, 2018 | Self-Insurance, Captives and Pool Issues
In the 1993 movie, The Firm, Tom Cruise plays the part of Mitch McDeere, a young lawyer who naively joins a law firm that is less than reputable. Mitch’s adventure leads him to the Cayman Islands, where you are led to believe all “bad” money goes to find a home. This...
by Michelle Bradley, ACAS, MAAA, ARM, CERA | Oct 26, 2017 | Self-Insurance, Captives and Pool Issues
Summary: The Financial Accounting Standard Board’s (FASB) accounting update related to disclosures about short duration contracts (ASU 2015-09) requires that insurance entities disclose specific information related to the liability for unpaid claims and claims...
by Michelle Bradley, ACAS, MAAA, ARM, CERA | Jun 22, 2016 | Loss Development and Trend, Self-Insurance, Captives and Pool Issues
After attending the Fall 2015 Hawaii Captive Insurance Council meeting and the Spring 2016 CICA captive meeting, I became increasingly aware of the continued trend of placing non-traditional1 risks in captives. At SIGMA, we are seeing a growing number of captives...
by Michelle Bradley, ACAS, MAAA, ARM, CERA | Aug 20, 2014 | Analytical Issues, Benchmarking, Collateral Issues, Self-Insurance, Captives and Pool Issues
In the last quarter of 2013, 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...
by Lloyd Kelley | Feb 26, 2013 | Self-Insurance, Captives and Pool Issues, Training Resources
This blog post addresses the issues of capital adequacy and surplus policy for specialized risk bearing entities (RBE). These can include captive insurance companies, public entity pools, and qualified self insurance plans. The term Surplus is not common among all...
by Timothy L. Coomer, Ph.D. | Jan 29, 2013 | Analytical Issues, Collateral Issues, Sales, Self-Insurance, Captives and Pool Issues, Training Resources
I am fortunate to have the opportunity to meet with Powered by SIGMA brokers on a weekly basis as I travel around the country. My goal is always to make sure I understand the challenges facing PBS brokers and how SIGMA and the PBS resources might best support our PBS...
