Derek W. Freihaut
Aaron N. Hillebrandt
Gaétan R. Veilleux
Dalesa M. Bady
Ken J. Hawkins
Laura A. Maxwell
Joseph A. Herbers
Arthur R. Randolph II
Robert J. Walling III
Timothy C. Mosler
Linda K. Brobeck
Travis G. Murnan
Erick E. Mortenson
Radost Roumenova Wenman
Roosevelt C. Mosley Jr.
Christopher J. Schubert
Nicholas E. Alicea
Timely response to our developing business model.
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 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.
Pinnacle has strong experience identifying loss exposures and recognizing that differences exist between businesses. Upon classifying the various exposures, we can help establish a proper structure to minimize losses.
Pinnacle serves a wide variety of customers, including insurers, regulators, agents and industry associations, with industry-leading expertise for pricing and product management.
We support the insurance industry with sound actuarial advice using the most advanced techniques available anywhere. As pioneers in underwriting and pricing techniques, we apply new methods to analyze loss variables with a much higher degree of accuracy.
As well, we can provide the information and data files necessary to do everything from set up and manage your insurance operation to rate filings.
Whether you’re introducing a new program, modifying an existing program, or dealing with a regulatory matter, our experience in all aspects of property/casualty insurance pricing and product management can drive better decisions and help you achieve your goals. Our customers include insurance companies, state insurance departments, government insurers, industry associations and more.
Pinnacle’s experience in pricing and product management includes sectors such as:
August 2020 APEX Webinar
Flood Insurance – Past, Present and Future
Authored by Linda K. Brobeck.
April 2020 APEX
Cyber Insurance: What’s in Store for Captives
Authored by Nicholas Gurgone and Aaron N. Hillebrandt.
See More »
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 a national insurer that wanted to develop a more sophisticated homeowners rating program. Their current homeowners plan was a traditional rating approach and was only based on a few factors, and the company felt they were not taking full advantage of the potential in the homeowners market. Pinnacle, through the use of predictive modeling, assisted the carrier in designing a new rating and tiering structure, which included the introduction of by-peril rating and new territory definitions. This new structure allowed the company to be more precise in rating homeowners, resulting in more adequate and competitive rates for a broader spectrum of risks.
Underwriting & Tiering Analysis
A single state auto insurance writer hired Pinnacle to address its current rating and tiering program. We removed unnecessary underwriting restrictions and more adequately priced risk classes, which allowed the insurer to experience significant, profitable growth.
When we began, the company’s existing tiering design was only based on a few factors, including ones that significantly overlapped with the rating plan. When combined with the underwriting rules, the design was punitive and limited writable business. Through predictive modeling, we helped design a new tiering structure and applied an underwriting scoring approach to eliminate rating plan overlap and remove the overly punitive parts of the plan.
At Pinnacle, we partner with you to explore whatever path it takes to find the answers you need.
June 17, 2021
June APEX Webinar -
Medical Professional Liability: State of the Market in 2021
July 13, 2021
July APEX Webinar -
Causes of Recent Adverse Development