Decisions about risk financing are often made using one assumption about the retained losses, or at best, using a range of claims. Claims costs for future periods are a forecast that will vary to some degree. The amount of that variation is measured by estimating the confidence interval based on the probability distribution calculated from […]
As a follow up to our blog "Q&A with Amethyst" on April 23rd, we promised a Captive Assessment Tool would be added to the portal. This was completed just in time for the Vermont Captive Insurance Association conference (August 7th – 9th). If you are going to be attending VCIA’s 2012 conference, please be sure […]
In the last quarter of 2011, SIGMA Actuarial Consulting Group conducted a survey 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 by SIGMA in 2009 and 2010. The goal of the survey was to assess, […]
A few weeks ago, Al Rhodes and I had the opportunity to meet with several service providers and representatives of the Cayman Island Monetary Authority (CIMA) while visiting the Cayman Islands. If you have interest in learning more about forming a captive in the Cayman Islands, please contact us and we will help you find […]
During the past few months, I have been traveling and delivering Powered by SIGMA training to brokers and agents across the country. The training has been extremely well received and always generates some great follow up questions for me to address. One frequent topic concerns captives. Specifically, I am asked “what type of client might […]
I was recently in a meeting with a broker and some actuaries. The discussion was about a particularly difficult risk and how to handle the placement of the excess insurance. Someone in the room made the suggestion, "Take it to Lloyd's!" A wise person in the room asked, "Exactly what do you mean by, 'Take […]
SIGMA Actuarial Consulting Group, Inc. invites insurance brokers, risk management consultants, and risk management staff of self-funded concerns to participate in our 2011 collateral survey. The survey takes about 5 minutes to complete and will be available through November. Afterwards the results will be shared with our survey participants. As an added bonus, participants can […]
Welcome to SIGMA Actuarial Consulting Group, Inc.’s new RiskManagementBlog. After several years of publishing an award winning blog with our former sister company, Specific Software Solutions, LLC (acquired by Zywave in 2010) SIGMA has now launched its own blog. Please be sure to register for future blog notifications by visiting www.SIGMAactuary.com/register. The results of our […]