November is here, and the time is quickly approaching for most companies to complete their annual actuarial report for retained liabilities. As you begin preparing for your company’s year-end 2021 analysis, review the list of tips below to help ensure this process is smooth and effective. Do you need reserve analysis numbers in early January? […]

Most companies and their consulting actuaries complete an actuarial analysis annually at minimum in order to assist in determining booked reserves for outstanding losses & LAE in their year-end financial statements. As the estimates are revised year to year, management may seek to isolate and review specific items attributing to any changes in these reserves. […]

SIGMA is highly active in the captive industry, and as such, we are often engaged to complete the analytical portion of captive feasibility studies. Over the course of our captive involvement, we have been able to work with numerous on-shore and off-shore domiciles, and one of the most interesting insights we’ve taken from these relationships […]

Recently, Captive International published an article by Enoch Starnes and Michelle Bradley addressing the implications of loss development factors and patterns for captives. Since SIGMA’s educational resources related to loss development factors, loss development triangles, and similar topics are consistently the most utilized in our RISK66 library, we were excited for the chance to extend […]

At SIGMA, we pride ourselves in our efforts to educate both our own clients and the general insurance industry on actuarial concepts and methodology. Nearly fifteen years ago, we developed a booklet as part of these efforts titled “An Actuarial Advantage,” which has been utilized by over 100,000 insurance and other related professionals to understand […]

We rarely have guest bloggers, but today is an exception. I am happy to introduce Bill Wilson (although I believe everyone may already know Bill). I have been working in or around the P&C insurance world for 32 years. Bill is simply a genius. His knowledge and experience far exceed anyone else I have met […]

Early last year, I visited the USS Midway Museum in San Diego. The museum offers tours of the decommissioned aircraft carrier, led by docents, many of whom served on the USS Midway or another vessel. As I toured the bridge and entered the chart room, the docent recalled the various measures for determining the carrier's […]

I’m a research guy who reads newly published academic articles like people used to read the morning paper. So, in my efforts to understand the value of safety training, I naturally dove into the research. During this process, I read a broad spectrum of safety research studies, and the entries below constitute two of the […]

When a company begins the due diligence process for acquiring another entity, several actuarial factors must be considered.  For risk related specifically to property and casualty, the main question needing to be answered pertains to the actual liabilities being acquired and how accurately they are being estimated. When the target company has maintained insurance programs […]

SIGMA recently celebrated six months of success with our new online product, RISK66.com, which contains training videos, resources, and the online version of Loss Forecaster. This process has prompted a lot of conversation about what types of analytics best serve clients of different sizes. As result, we are developing LORAN, a new analytic tool for […]