Timothy C. Mosler
Joseph A. Herbers
Arthur R. Randolph II
Zachary T. Brogadir
Erich A. Brandt
Robert J. Walling III
Aaron N. Hillebrandt
Laura A. Maxwell
Darcie R. Truttmann
Derek W. Freihaut
Knowledge of construction industry (roofing contractors) provided additional insight I was looking for in the actuarial review. The breadth of knowledge was just what I was looking for.
Pinnacle helps alternative market risk owners, captive managers and service providers determine risk retentions that optimize the balance between the cost of risk transfer and loss volatility.
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 provides loss reserve analyses and other
diagnostics in support of collateral negotiations associated with deductible
and/or self-insured retentions.
Pinnacle is experienced developing cost allocation mechanisms
by member or department in the most equitable manner using elements such as –
exposure, geographic cost differences and actual loss experience.
Pinnacle has experience working with large datasets
and creating models to assess damages and develop scenario outcomes.
As a contractor, you understand how insurance costs can make or break your future.
Construction is consistently one of the most dangerous industries with liability exposure at every turn. However, our extensive experience proves that your unique and challenging exposures, and how you finance them, are both manageable and considerably under your control.
At Pinnacle, we begin by examining the totality of your operation’s real world circumstances. We then look at your claims experience to quantify the expected ultimate costs of your claim liabilities. We may use a reserve analysis to estimate a proper accrual for prior years’ claims, or a funding study to estimate the expected costs for next year’s claims.
And because there are external influences for which you have little control, such as weather and traffic conditions, we identify the areas that you can control. Effective loss control, risk management, safety and return-to-work programs are just some of the essentials you control that keep claims costs in check and may even lower your premium. In fact, we can even determine how much money you can save if you improve your risk management practices.
Our focus is on finding the right solution to your specific business requirements. Whether your needs include developing rates for artisan contractors' insurance products, funding feasibility studies for single parent and homogeneous group captives, ongoing loss reserve analyses for contractors' insurance companies, captives and self-insurance programs, legislative costing of proposed changes to contractors liability laws or more, Pinnacle offers the empathetic customer service, superior communication and unmatched experience you need.
Our expertise in contractor's specialties includes:
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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In 2009, Pinnacle provided expert testimony about the evolution of insurance industry asbestos liabilities in an arbitration hearing among several insurance companies and a pool manager. This assignment drew on our knowledge of the history of insurance industry asbestos liabilities, e.g., the evolution of the legal aspects surrounding coverage determinations, the interplay of primary, excess and reinsurance contracts, the history of failed attempts to control the problem and the impact of bankruptcies among other factors. The assignment also drew on our mass tort / latent liability reserving expertise.
Pinnacle serves many of the largest group captives in the world, many of them domiciled in the Cayman Islands. These reserve analyses are typically produced twice a year and serve multiple purposes. First, they provide a range of reasonable estimates which management uses to determine their best estimate of ultimate losses and unpaid claims liabilities. Second, these reserve estimates can then be allocated to individual members to determine the outstanding liabilities and potential future assessments, if any. Finally, the allocated ultimate losses become the basis for renewal pricing estimates for each member. Pinnacle’s approach to estimating and allocating reserves in group captives is unique in the industry and sets our alternative practice apart with its efficiency and accuracy.
Self Insured Dividend / Assessment Analysis
A large group self insurance program was concerned with the amount of retained earnings and wanted to establish a policy for the minimum capital for the program to trigger dividend distributions. Pinnacle compared the program’s capitalization to a wide variety of industry standards for similar programs from rating agencies, regulators, and other sources. The results of this analysis lead to a recommended board policy regarding a minimum capital threshold for dividend distributions and ultimately to the development of an actuarially sound dividend distribution plan.
At Pinnacle, we partner with you to explore whatever path it takes to find the answers you need.
January 18, 2018
January Apex Discussion Series -
Statements of Actuarial Opinion at Year-End 2017
February 15, 2018
February Apex Discussion Series -
Diagnosing Your Predictive Model
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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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