Category: Training Resources

Assessing Financial Strategies for Cyber Risk

The assessment tools available in RISK66 are an integral part of our platform, and we would like to thank those who have shared positive feedback over the years regarding their usefulness. Because of our desire to continue providing exceptional support to our RISK66 users, SIGMA is excited to announce the latest addition to our online suite, […]

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Exploring Loss Development Factors: SIGMA's Comprehensive Resources

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 […]

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Navigating Premium Deficiency Reserves

SIGMA is pleased to announce the release of our newest educational resource, the Premium Deficiency Reserve Calculation sample. This resource provides an illustrative example of the calculation of a premium deficiency reserve (PDR). A company must record a PDR when the unearned premium of in-force business is not sufficient to cover the losses, loss adjustment […]

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Navigating Legislative Changes for Healthcare Entities

January is here, and with it comes the need for many companies to complete their annual actuarial report for retained liabilities. If the past several years are any indicator, legislative changes and social inflation could significantly impact the loss reserves and projections prepared in these reports. Healthcare entities in particular could face the bulk of […]

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Captive Market Trends, and Predictions for the Year Ahead

Michelle Bradley and Enoch Starnes were recently featured in an article by Captive Insurance Times titled, "Going for Gold". Along with other industry leaders, they discuss 2023's captive market performance, trends and developments, and share predictions for the year ahead.  In regards to the year ahead, Michelle states in the article, “The sustainability of new […]

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SIGMA's Retention Analytics Overview Brochure

One of SIGMA’s core objectives as an actuarial consulting firm is to reduce the perceived gap standing between insurance professionals and their ability to utilize actuarial analytics in their day-to-day work. All too often, this obstacle stems from of a lack of time, resources, or comfort in using more effective analytical approaches. Take, for example, […]

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Analytical Strategies for Large Deductible Policies

When companies are determining a large deductible policy structure for their P&C risks, it is unfortunately all too common for the final decision to be based on “back of the napkin” calculations. This is often due to a lack of time, resources, or comfort in using more effective analytical approaches.  One of SIGMA’s objectives as an […]

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Optimizing Your Large Deductible Policy

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 […]

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Visualizing Ultimate Loss Components

SIGMA is pleased to announce that an updated version of one of our most popular educational resources, the Loss Map graphic, is now available. As part of the revision process, this one-page document has been expanded to include helpful definitions for the components involved in estimating ultimate losses. If you’re unfamiliar with this resource, below […]

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'An Actuarial Advantage' Has Been Revised!

Fifteen years ago, Tim Coomer created “An Actuarial Advantage” with the goal of educating his fellow insurance colleagues on actuarial concepts and methodology. With well over 100,000 copies of the book now in circulation, we are excited to publish a new edition marking the 15th Anniversary of its initial release. Even in light of the […]

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