Category: Training Resources

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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Mid-year 2022 Actuarial Report Prep

At the end of 2021, we offered guidance on preparing for a year-end actuarial analysis. June is now here, and many companies are considering a mid-year actuarial report for retained liabilities and prospective loss projections.  Quarterly or semi-annual actuarial reports can help eliminate year-end surprises and manage overall financial reporting. This may be particularly helpful […]

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Excel Tips for Loss Runs - Filters, Pivot Tables, and Formulas

Excel is often seen as a foundational tool for anyone wishing to navigate and organize large sets of data, but getting acclimated to working in Excel can feel like a daunting task. Thankfully, there are numerous easy-to-learn tools such as filters, pivot tables, and cell formulas which can make the learning process much easier. Using […]

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