Captive Assessment Tool

As a follow up to our blog “Q&A with Amethyst” on April 23rd, we promised a Captive Assessment Tool would be added to the portal.  This was completed just in time for the Vermont Captive Insurance Association conference (August 7th – 9th).  If you are going to be attending VCIA’s 2012 conference, please be sure to stop by our booth # 74.  Jeff Adcock, FCAS, MAAA will be manning the booth!

The Captive Assessment tool was developed in conjunction with Jim Girardin and Tara Smith at Amethyst Captive Insurance Solutions, Inc.  The tool can be downloaded from our portal at www.SIGMAactuary.com/resources.  If you don’t already have a password for the portal, its FREE.  Simply register at www.SIGMAactuary.com/register.

Captive Assessment ToolThe Captive Assessment Tool provides a solid framework for discussion between you and your client concerning the appropriateness of a captive.  Through a series of questions in an automated spreadsheet tool, the need is assessed and a “score” is provided.  This tool is straightforward to use and is an excellent addition to your annual stewardship effort.  It is also a great way to make sure you are protecting your most important client relationships by ensuring you cover some of the more technical conversations that can be competitive vulnerabilities with some clients.

The Powered by SIGMA portal and new Captive Assessment Tool were recently featured in July’s issue of RoughNotes Magazine.  The article can be found at www.SIGMAactuary.com/article.   This article gives a good overview of how mid-sized brokers are increasingly turning to more complex solutions for their clients and competing effectively with the largest brokerage firms.  SIGMA, and the Powered by SIGMA portal, is designed to support that trend with information and tools.

As always, send me your feedback or question to TLC@SIGMAactuary.com.

Tim Coomer

© 2012 SIGMA Actuarial Consulting Group, Inc.



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Timothy L. Coomer, Ph.D.

About Timothy L. Coomer, Ph.D.

Dr. Coomer has a Bachelor of Engineering Degree with a double major in Mechanical Engineering and Mathematics from Vanderbilt University. He holds a Masters in Business Administration with a concentration in Finance from the Owen Graduate School of Management at Vanderbilt University and received his PhD from the Spears School of Business at Oklahoma State University. He founded Specific Software Solutions, LLC (1990) and developed the ModMaster Suite of software products. Dr. Coomer also co-founded SIGMA Actuarial Consulting Group, Inc. (1995). He presently serves as Chief Executive Officer of SIGMA and retired from Specific Software Solutions, LLC in 2010 after selling the business to Zywave, Inc. Dr. Coomer is now focusing on leading SIGMA’s RISK66.com effort along with traveling to meet brokers and clients around the country.

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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.  

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