This blog introduces a graphic that shows the pieces that make up “Ultimate Losses.”  The ultimate losses of a policy period will typically not be known for many years.  Actuaries are hired to estimate ultimate losses to help a company use appropriate reserve amounts for planning and financial statement purposes. Here are some definitions for […]

A picture can be worth a thousand words.  Or, in this case, a "map" can be an easy way to explain how the terminology used by actuaries fits together in one diagram. If you are a broker, you will eventually discuss with some of your clients the following terms and how they all work together: […]

The content in our Powered by SIGMA portal continues to grow!  If you have not already registered for access to the portal, please visit www.SIGMAactuary.com/register today. This blog provides a brief summary of recent additions to our content.  Also, we are pleased to announce that we have launched a mobile website that brings all the […]

I wear a lot of hats here at SIGMA and the one that I enjoy the most is the role of teacher and communicator. I am always looking for an opportunity to support our agents/brokers with communication and educational materials. When I hear about a concept that is difficult for our clients to grasp, I […]

Having just returned from a month of castle touring throughout England, Scotland, and Wales, I can’t help but see actuaries in a defensive posture helping to defend your kingdom and all those middle market accounts!  I thought about writing a grand 14th century analogy – but, decided to spare you. In 2010, we sold Specific […]