Michael K. Chen
Robert J. Walling III
John E. Wade
Aaron N. Hillebrandt
Pinnacle is very knowledgeable to new methods and gave good ideas
Pinnacle strives to construct benchmarks for any analysis, whether ratemaking, loss reserving or some other use, as close as possible to replicating the nature of the underlying data being reviewed.
Pinnacle can assist you in controlling your property
catastrophe exposure by determining the impact of policy changes, including
deductibles, or reviewing geographic areas where exposures are driving your
Pinnacle has experience working with model output from all the major catastrophe modelers for hurricane, other wind, earthquake and fire, and making recommendations for rating plans, territory boundaries, catastrophe loads, rate filings, and reinsurance/risk financing structures.
Pinnacle helps insurers identify rating plan elements that can be more appropriately priced or added for additional risk segmentation.
Pinnacle has a powerful set of competitive analysis tools
that provide in-depth market analyses and enable comparison of premiums, rating factors and tiering plans, often with mapping and batch rating capabilities.
As farms and the agriculture industry change, so, too, must the insurance coverage necessary to protect corporate and small farms alike. That means developing products that cover the evolving exposures in the agricultural economy.
At Pinnacle, we understand farmowners coverage can be written more precisely by actual risk. We can identify rating variables that improve your rating plan and ultimately your underwriting results. We also think farmowners coverage can be written more competitively through predictive analytic techniques and many cutting edge pricing techniques homeowners and commercial lines enjoy.
Beyond the typical farmowners coverages we have rare expertise with the Multi-Peril Crop Insurance Program (MPCI) and can help you maximize your cession strategies or evaluate and price your reinsurance coverage.
When you partner with Pinnacle, you work with a team of experienced consultants who know the unique requirements of the agriculture industry. Whether it’s developing rates for both Farm Bureau-related insurance products as well as federal crop insurance programs, ongoing loss reserve analyses, funding and feasibility studies for single parent captives, group captives, reciprocals and risk retention groups owned by agricultural companies or a host of other agriculture-related issues, Pinnacle can provide the tools and solutions you need to drive better business decisions and address your toughest challenges.
Our expertise applies to a wide variety of agricultural areas, including:
When you are ready to develop products that meet the evolving exposures in the agricultural economy, think Pinnacle. Our focus is to provide outstanding customer service that exceeds your expectations.
January 2014 - Apex Discussion Series
Statements of Actuarial Opinion at Year-End 2013
Authored by Joseph A. Herbers.
Pinnacle Predictive Analytics Brochure
Applying Innovation to Drive Success
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Farmowners Product Development
Pinnacle was approached by a leading farmowners insurer to review their current farmowners program. Pinnacle conducted a comprehensive review of competitor's manuals to determine if any additional rate factors needed to be included our client’s current program. Based upon our review, Pinnacle made a number of suggestions including incorporating new rate factors and changing their rating algorithm to a scorecard approach that has been successful in many other lines of business. Pinnacle used its expertise in farmowners product development and cutting edge pricing techniques to improve our clients farmowners product.
Pinnacle was approached by an aircraft manufacturer to provide recommended funding for various aviation and liability coverages. Pinnacle’s initial steps included discussing coverages to be provided and what data was available to complete the funding study. The captive was a start-up with no loss information on which to determine appropriate funding levels. Pinnacle was able to determine that the National Transportation Safety Board (NTSB) had a database of aircraft incidents that recorded both the manufacturer and model of the aircraft involved in the incident. Since the manufacturer was able to provide the number of units produced, Pinnacle was able to determine the frequency and severity of the incidents and project ultimate funding levels. The captive is currently operational after receiving regulatory approval.
At Pinnacle, we partner with you to explore whatever path it takes to find the answers you need.
March 19, 2018
CAS Ratemaking, Product and Modeling Seminar
March 19, 2018
CSIA's Annual Meeting and Educational Conference
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Pinnacle is an actuarial firm focused on property/casualty insurance, including alternative markets, captives, self insureds, enterprise risk management, predictive analytics, commercial lines and more. We serve trucking, insurance, health care, medical professional liability, reinsurance, workers compensation, public entities and other companies and concerns.
Our services include expert witness, loss reserving, litigation support, pricing, ratemaking, rate filing, statements of actuarial opinion, feasibility studies, capital modeling and other actuarial services and products.
Phone: (309) 807-2300
Fax: (309) 807-2301
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