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Captives and Agribusiness
Aaron Hillebrandt December 02, 2019 Posted in: Blog Posts, Captives, Insurance / Insurers
Two industries not typically associated with innovation are insurance and agriculture. Today, it’s an inaccurate perception. Agriculture is perhaps the world’s original story of innovation. For millennia, agriculture’s history has been one of resourcefulness, and finding ways to grow food through every form of peril, from pests to drought. The modern agricultural industry, agribusiness, has continued that story of innovation with new products and novel approaches that save water, reduce crop disease and increase crop yields. Farmers are even relying on technological advancements like drones, robots and gene editing in their operations.
Highlights from the 2017 DCIA Spring Forum
Aaron Hillebrandt May 16, 2017 Posted in: Blog Posts, Insurance / Insurers, News
The Delaware Captive Insurance Association (DCIA) held its 2017 Spring Forum May 8-9 on the Wilmington riverfront. Conference attendees included leading captive service providers, captive owners and Delaware’s captive regulators. The DCIA Spring Forum provided great networking opportunities and educational sessions. 
Statements of Actuarial Opinion at Year-End 2016
Aaron Hillebrandt February 02, 2017 Posted in: Blog Posts, Apex Webinar
On January 27, 2017, Pinnacle’s Managing Principal Joe Herbers and I co-presented January’s APEX webinar, “Statements of Actuarial Opinion at Year-End 2016.” We discussed topics ranging from Statement of Actuarial Opinion (SAO) best practices to what is changing for year-end 2016 SAOs. Required changes for SAOs that are under the regulation of the National Association of Insurance Commissioners (NAIC), may be found in the Official NAIC Annual Statement Instructions. For year-end 2016, the changes are not significant and focus on clarification of reporting requirements.
A Look Into the DCIA 2016 Fall Forum
There was a degree of uncertainty among the participants due to Karen Weldin Steward, Insurance Commissioner for the past 8 years, being recently defeated by Trinidad Navarro in the Democratic primary election. Republican candidate Jeff Cragg is also running, and both candidates attended the conference.
The Actuary as Strategic Partner
Aaron Hillebrandt September 01, 2016 Posted in: Blog Posts, General
I commonly run into situations where the actuary is viewed simply as the supplier of a commoditized product. I would submit that the actuary’s role has been expanding and evolving in recent years, and this trend will continue – as it should. 
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