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.
SIGMA 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...
Actuarial Analytics for Acquisitions
When a company begins the due diligence process for acquiring another entity, several actuarial factors must be considered. For risk related specifically to property and casualty, the main question needing to be answered pertains to the actual liabilities being...
The Choice is Yours: Compete With Analytics – or Get Beat by Analytics
The types of calls I receive on analytics typically fall into two categories. One is from producers who lost an account because the competition offered an analytics-based decision approach. As a result, they want to know how to go up against this type of broker in the...
Transitioning from Loss Forecaster to a SIGMA Analysis
Throughout SIGMA’s experience with supporting and improving the Loss Forecaster software, one question has appeared time and time again from our users: why would they transition from utilizing Loss Forecaster to engaging SIGMA in an actuarial analysis, and how do...
How All Clients – Small or Large – can Benefit from Analytics
SIGMA recently celebrated six months of success with our new online product, RISK66.com, which contains training videos, resources, and the online version of Loss Forecaster. This process has prompted a lot of conversation about what types of analytics best serve...
The Challenge of Hiring Great Sales People!
For over thirty years of my career, I’ve been active in the property and casualty insurance brokerage industry, during which time I’ve traveled the country and met with hundreds of top brokers, sales managers, and agency owners. Throughout this experience,...