Risk Management Blog
Get the Latest News from SIGMAOur blog is regularly updated with topics that timely and relevant, including analytical issues, benchmarking, loss control, captives and pool issues, and much more.
The Bornhuetter-Ferguson Method
Actuaries will use multiple actuarial methods to determine the estimated ultimate losses when completing an actuarial analysis of unpaid claim liabilities. The Bornhuetter-Ferguson (B-F) method and the development methods (also known as chain ladder methods) are two...
read moreWeather Risk Mitigation: Analytical Considerations
Authors: Michelle Bradley, ACAS, MAAA, ARM, CERA, Scott Kehler, M.Sc., and Mike McAndless, B.Sc., CRM SIGMA and Weatherlogics were recently introduced to each other by Mike McAndless, who worked with Michelle Bradley on a project in the mid 1990’s. This project was...
read moreGroup Captive Exit
The topics covered in SIGMA’s blog often originate from questions that our CEO, Tim Coomer, receives when traveling to speak with our clients. Multiple questions have emerged from some of his recent trips regarding frustrations with group captives, how to exit a group...
read more5 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...
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