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Reserve Analysis and the ABC’s of IBNR

In the SIGMA Tech Talk titled “Understanding Loss Development Factors,” we introduced IBNR losses as those losses which occur during a loss period but are not reported until alater date. The definition of IBNR also typically includes development of known claims. In this article, we look further at the significance and calculation of IBNR losses. […]

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Take it to Lloyd’s

I was recently in a meeting with a broker and some actuaries.  The discussion was about a particularly difficult risk and how to handle the placement of the excess insurance.  Someone in the room made the suggestion, “Take it to Lloyd’s!”  A wise person in the room asked, “Exactly what do you mean by, ‘Take […]

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The Cone of Uncertainty

I wear a lot of hats here at SIGMA and the one that I enjoy the most is the role of teacher and communicator. I am always looking for an opportunity to support our agents/brokers with communication and educational materials. When I hear about a concept that is difficult for our clients to grasp, I […]

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SIGMA’s 2011 Collateral Survey Invitation

SIGMA Actuarial Consulting Group, Inc. invites insurance brokers, risk management consultants, and risk management staff of self-funded concerns to participate in our 2011 collateral survey. The survey takes about 5 minutes to complete and will be available through November.  Afterwards the results will be shared with our survey participants. As an added bonus, participants can […]

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3

Understanding Loss Development Factors

Whether you are a broker, CFO, or risk manager, you have probably heard the terms loss development triangle, loss development factor, and IBNR (incurred but not reported losses). These are often included in the first analytical step of an actuarial analysis. Yet a survey of insurance professionals would likely result in a long list of […]

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Defending the Middle Market – Start by Inviting SIGMA to your Office!

Having just returned from a month of castle touring throughout England, Scotland, and Wales, I can’t help but see actuaries in a defensive posture helping to defend your kingdom and all those middle market accounts!  I thought about writing a grand 14th century analogy – but, decided to spare you. In 2010, we sold Specific […]

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Resources

SIGMA Actuarial Consulting Group, Inc. provides a unique set of resources in our password protected portal, available on our website at www.SIGMAactuary.com/resources.  

These resources are a wealth of information to help you better communicate and educate your staff and clients.  

Questions? Contact SIGMA…

SIGMA Actuarial Consulting Group, Inc.
5301 Virginia Way, Ste 230
Brentwood, Tennessee 37027
PHONE:    866.ACTUARY     866.228.8279
WEB:          www.SIGMAactuary.com