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 New Psychology of Sales Performance
A few years ago, I had the opportunity to meet one of the insurance brokerage industry’s most successful producers. This man had generated millions of dollars in commissions for years, had been labeled a “power broker” by industry journals, and was managing one of the...
Components of a Loss Analysis
A workers compensation loss analysis can be utilized in a number of ways depending on the situation and needs of the user. Reserve certification, satisfaction of self-insurance requirements, negotiation of security requirements and letters of credit, insurance...
An Actuarial Advantage in the Classroom: An Interview with Michael Zuckerman of Temple University
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...
Be Careful What You DON’T Ask For
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...
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...
Weather 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...