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Special Blog: California Actuarial Requirements

Recent changes in the state of California have prompted us to issue a year-end special blog to all RiskMangementBlog.com subscribers.  This information is critical to brokers and their clients that work in or have operations in the state of California. Effective January 1, 2013, actuarial reports will be a required component of each private self-insurer […]

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Understanding Actuarial Methods

Current actuarial standards of practice indicate that multiple actuarial methods should be used to determine the estimated ultimate losses when completing an actuarial analysis of unpaid claim liabilities. One source of guidance related to actuarial methods and models is Actuarial Standard of Practice 43 (ASOP 43), particularly in Section 3.6.1. For example ASOP 43 states […]

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Loss Map

This blog introduces a graphic that shows the pieces that make up “Ultimate Losses.”  The ultimate losses of a policy period will typically not be known for many years.  Actuaries are hired to estimate ultimate losses to help a company use appropriate reserve amounts for planning and financial statement purposes. Here are some definitions for […]

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SIGMA’s 2012 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 2012 collateral survey. The survey takes about 5 minutes to complete and will be available through November.  The published survey results will be shared with our survey participants. As an added bonus, participants […]

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Is Your Actuary Independent?

Through a series of blogs, SIGMA has begun to address some common questions, requirements and issues based on our previous experience with clients and auditors. The first blog in the series focused on actuarial qualifications and an actuarial qualification statement. This blog will focus on auditor inquiries related to actuarial independence. The interaction with auditors, […]

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Planning for the Variability of Future Losses

Decisions about risk financing are often made using one assumption about the retained losses, or at best, using a range of claims.  Claims costs for future periods are a forecast that will vary to some degree. The amount of that variation is measured by estimating the confidence interval based on the probability distribution calculated from […]

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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