Risk Management Blog
Get the Latest News from SIGMAUtilizing a Pure Loss Rating Matrix
When to Use a Pure Loss Rating Matrix When insureds are considering how to fund estimated liabilities for a future period, they will often use a loss projection and confidence interval to determine adequate funding. For company XYZ, Inc. projected workers compensation...
Mid-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...
Enterprise Risk Management
Michelle Bradley, Consulting Actuary at SIGMA Actuarial Consulting, and Chrystina Howard, Vice President of Client Analytics at HUB International, recently authored an article for Captive Insurance Times titled, "Enterprise Risk Management.” In this article, Michelle...
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...