As legislative and regulatory requirements surrounding insurance coverage become increasingly complex and dynamic, organizations must rely on advanced actuarial analysis to ensure sound risk management and compliance. The constant evolution of legal frameworks demands a clear understanding of critical factors such as implementation timelines, effective dates, and whether changes apply retroactively or prospectively. SIGMA has […]
SIGMA’s An Actuarial Advantage Book Club is a virtual, multi-session event hosted once a year in the fall. Each series includes four forty-five-minute sessions that give participants the opportunity to take a deeper look into An Actuarial Advantage, with insights and guidance from the SIGMA team. The book club is a great way to explore […]
SIGMA has been actively engaged in collateral research, publications, and education for a number of years, and many of our longtime readers will likely be familiar with a key aspect of these efforts: The Collateral Survey. Beginning in 2013, these periodic surveys helped evaluate current trends and issues in the collateral space. We are happy to […]
Cyber risk remains a critical concern for businesses, requiring a sophisticated actuarial analysis to project potential losses and financial exposures. As cyber threats continue to evolve, actuarial insights into loss projections and risk management strategies are essential. Understanding the financial impact of cyber incidents helps businesses optimize their retention levels, enhance insurance strategies, and consider […]
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, […]
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 […]
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 […]
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 […]
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 […]
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, […]