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Simplifying the Message
Travis Murnan May 24, 2021 Posted in: Blog Posts, General

In this era of “Big Data,” we have access to more records and connected data than ever before. New programming languages and applications are being developed that promise to unlock many of the world’s challenges, such as showing businesses how to market directly to the most profitable consumer groups or helping healthcare groups eradicate complex genetic diseases. However, while this increase in records and connected data can solve many challenges, it can also create difficulties when moving from the research stage to the implementation stage.

From Student to Mentor
Pinnacle Blog May 17, 2021 Posted in: Blog Posts, News
There’s little that speaks to the success of a program more than when it makes a full and complete circle. The Pinnacle University (Pinnacle U) program is a special, professional skills development program. It provides students with a unique opportunity to conduct research with actuarial professionals and present in front of a panel of experts, providing mentorship to future actuaries and supporting industry growth. Nicole McArdle, senior actuarial analyst, has come full circle in the Pinnacle U program. Nicole once participated in Pinnacle U as a student. Later, Nicole joined Pinnacle and became involved with Pinnacle U as an analyst working alongside new students. This year, Nicole graduated into the role of mentor, providing an even higher level of guidance for the Pinnacle U students on her team. We asked Nicole about her experiences on both sides of the Pinnacle U program.  
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Captive Formation: An Actuary's Point of View
Derek Freihaut May 13, 2021 Posted in: Blog Posts, Captives, News

What are the most important considerations for a company when starting a captive? On April 28, I participated in a roundtable discussion hosted by Captive Review, conferring with other experts in captive formation about planning a successful captive. From an actuarial point of view, communication is key. Not only should all projections be documented, but all details, analyses, methods and other important communications must be clear and understandable. Insurance and actuarial reports are not always intuitive for new captive owners, so comprehensible communication of financial considerations to captive owners is paramount.

To Gladly Persevere: Pinnacle University 2021
Multiple May 07, 2021 Posted in: Blog Posts, General, Community Involvement

At least two things came to fruition from the 1960s science fiction TV shows many of us watched as children. First, as the title of this blog suggests, it is now acceptable to split an infinitive (that is, insert an adverb between the word “to” and the verb). Second, although we still don’t have flying cars, it is possible to conduct meetings and converse with people miles away while looking at a screen. This came in quite handy as we planned our 2021 Pinnacle University program.

The Impact of COVID-19 on Statutes of Limitations
One of the jarring results of the COVID-19 pandemic has been disruption to the rhythm of our daily lives. Routines, regular activities and traditions have all changed as the result of imposed restrictions, personal safety choices and a mixture of both. In the insurance industry, actuaries and other professionals who rely on patterns such as claim reporting lags and loss development factors are now working to understand how emergency declarations, temporary court closures and changes in insured behavior have impacted these patterns. In this blog, I’ll highlight specifically how changes to statutes of limitations because of the COVID-19 pandemic may affect reporting of medical professional liability claims.
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