Senior Consulting Actuary
Pierogis and Palaces
Jan 9, 2018
Tomorrow's Leaders Are Among Us
May 3, 2017
The Value of University Partnerships
Jan 18, 2017
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2018 Risk Retention Group Benchmarking Study
2018 RRG Benchmarking Study - *Sign in required to view*
Authored by Erich A. Brandt and Gregory W. Fears, Jr. and Robert J. Walling III.
Considerations for MPL Reserves
Inside Medical Liability
Authored by Erich A. Brandt and Gregory W. Fears, Jr..
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Captive Dividend Assessment
An onshore, single parent captive 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 a significant dividend being declared to the parent company.
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.
Pinnacle was approached by a national insurer that wanted to develop a more sophisticated commercial automobile rating program. Their current commercial automobile plan was a traditional rating approach and did not take full advantage of driver, credit scoring or vehicle characteristics and the company felt they could take advantage of a significant opportunity in the market. Pinnacle, through the use of predictive modeling, assisted the carrier in designing a new rating and tiering structure, which included modifications of the rating plan, the introduction of underwriting scoring, and new territory definitions. This new structure allowed the company to have more precise rating, more adequate and yet competitive rates for a broader spectrum of risks.
At Pinnacle, we partner with you to explore whatever path it takes to find the answers you need.
February 21, 2019
RIMS Educational Conference
February 21, 2019
February Apex Discussion Series -
The Actuary’s Evolving Role in Today’s Dynamic Industry Landscape