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Actuarial Analysis Map

A picture can be worth a thousand words.  Or, in this case, a “map” can be an easy way to explain how the terminology used by actuaries fits together in one diagram.

If you are a broker, you will eventually discuss with some of your clients the following terms and how they all work together:

  • Loss Data
  • Loss Development Factors
  • Ultimate Losses
  • Paid Losses
  • Outstanding Liability
  • Trend Factors
  • Trended Losses
  • Exposure Data
  • Trend Factors
  • Trended Exposures
  • Pure Loss Rate
  • Projected Exposures
  • Projected Losses

So, as SIGMA continues to develop and publish resources that help you communicate, we decided to visually show how they are related in our “Actuarial Analysis Map.”  The map is shown below and you can download a copy from the portal at www.SIGMAactuary.com/resources.

Actuarial Analysis Map

SIGMA is ready to help you communicate effectively with your clients.  If you have not registered for access to our portal, please do so today by visiting www.SIGMAactuary.com/register.

Also, if you would like to discuss any current issues facing your clients or prospects, please contact me at AL@SIGMAactuary.com or 615-376-5110 x 202.  One of the best resources offered through our Powered by SIGMA program is our staff – available for “what-if” and “brainstorming” conversations at no charge.

© 2012 SIGMA Actuarial Consulting Group, Inc.

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Al Rhodes, ACAS, MAAA

About Al Rhodes, ACAS, MAAA

Al has spent over 20 years in the actuarial profession and is President & Senior Actuary of SIGMA Actuarial Consulting Group, Inc. located in Nashville, TN. Professional designations include Associate of the Casualty Actuarial Society and Member of the American Academy of Actuaries. Al graduated cum laude and with Honors (B.S. Genetics) from the University of Georgia. Al founded SIGMA to provide casualty actuarial consulting services to risk managers, brokers, risk management consultants, TPAs and CPAs. The consulting services include all analyses necessary to insure proper financial reporting and program funding. His background includes experience in the process of developing both traditional and alternative insurance programs for entities of all sizes and types. Al has been actively involved with numerous professional activities over the years and is a Past President of the Casualty Actuaries of the Southeast. He has also made presentations at RIMS, the Business Insurance Workers Compensation Conference, National Underwriter's Consultative Brokerage Summit and at the annual meeting of the Society of Risk Management Consultants.

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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