Risk Management Blog
Get the Latest News from SIGMA5 Straightforward Steps to Starting a Cayman Captive
In the 1993 movie, The Firm, Tom Cruise plays the part of Mitch McDeere, a young lawyer who naively joins a law firm that is less than reputable. Mitch’s adventure leads him to the Cayman Islands, where you are led to believe all “bad” money goes to find a home. This...
read moreKnowing the Risks of Using Internal Calculations
Many companies don’t believe that their retained liabilities are big enough or complex enough to warrant hiring an actuary. Therefore, internal calculations are often completed using spreadsheets or various software tools. In some situations, these calculations may...
read moreThe Balance of Quantitative Measures and Qualitative Information, a Community Effort
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...
read moreDelivering Safety Training to Today’s Connected Workers
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...
read moreSilent Evidence
What is silent evidence? How can I look for it? What benefit does it provide? As technology advances, companies are continuing to get better and better at capturing, manipulating, and examining data. One of the many results of this improvement is that the ability to...
read moreSIGMA Information for Captives Adopting ASU 2015-09 Disclosures
Summary: The Financial Accounting Standard Board’s (FASB) accounting update related to disclosures about short duration contracts (ASU 2015-09) requires that insurance entities disclose specific information related to the liability for unpaid claims and claims...
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