Risk Management Blog
Get the Latest News from SIGMAMid-year 2022 Actuarial Report Prep
At the end of 2021, we offered guidance on preparing for a year-end actuarial analysis. June is now here, and many companies are considering a mid-year actuarial report for retained liabilities and prospective loss projections. Quarterly or semi-annual actuarial...
Tracking Estimated Required Reserve Changes for Captives
Michelle Bradley and Enoch Starnes recently authored an article for Captive International titled "Tracking Estimated Required Reserve Changes for Captives”. The modern captive insurance landscape encompasses a wide array of risks, ranging from traditional,...
Excel Tips for Loss Runs – Filters, Pivot Tables, and Formulas
Excel is often seen as a foundational tool for anyone wishing to navigate and organize large sets of data, but getting acclimated to working in Excel can feel like a daunting task. Thankfully, there are numerous easy-to-learn tools such as filters, pivot tables, and...
Workers Compensation Benchmark Loss Projections
Calculating a benchmark loss projection for workers compensation requires two key pieces of data: loss costs and payroll, each broken down by state and class code. While payroll amounts are typically available to companies from internal sources, loss cost...
Silent Evidence in the Captive Insurance Landscape
Enoch Starnes recently authored an article for Captive International titled "Silent Evidence in the Captive Insurance Landscape”. ‘Silent’ evidence is information we don’t have access to due to the type of data being collected or our own inability to recognize that it...
SIGMA’s Advanced Analytics Overview Brochure
Companies of all sizes are continuously finding new ways to integrate advanced data analytics into their risk management strategies. Based on the relative dominance of “big data” in industry headlines, these innovative efforts don’t appear to be slowing down anytime...