Our focus is to quantify the expected ultimate costs of your claims liabilities to reflect what makes your risk unique. We consider the multitude of your real-world operations exposure and circumstances to the maximum extent possible. Then, we measure the impact of techniques such as loss prevention, loss control, risk management and safety programs essential to keeping costs in check. Our analysis may take the form of a reserve analysis to estimate proper accrual for prior years’ claims, a funding study to estimate the expected costs for next year’s claims, or even designing or modifying your self-insurance program.
Of course, there are external influences on some costs for which you have little control. Our extensive experience with self-insured manufacturers of all sizes from many industries tells us which influences are not only manageable, but are controllable.
Whether you need to develop rates for manufacturers’ insurance products, review retrospectively rated workers' compensation policies for manufacturing companies, identify ongoing loss reserve analyses for manufacturing captives and self-insurance programs, or require other actuarial services related to manufacturing, Pinnacle has the depth of experience, empathetic customer service and superior communication you need to drive the best decisions for your business.
Our expertise with manufacturers includes:
- Beverage brewers, distillers, bottlers and distributors
- Chemical processors and petroleum refiners
- Food processors
- Metal refiners and fabricators
- Plastics processors
- Printers and publishers
- Wood products
Collateral NegotiationsPinnacle provides loss reserve analyses and other diagnostics in support of collateral negotiations associated with deductible and/or self-insured retentions.
Cost AllocationsPinnacle 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.
DiscountingManagement sometimes wishes to reflect the time value of money in funding projections, accruals for unpaid claims liabilities and other valuations. The two most important parameters for doing so are the assumed interest rate and the underlying claim payment pattern. Assessing reasonable values for these parameters is not trivial as the interest rate may need an adjustment for risk while the claim payment pattern may not be readily available.
Dividend / Assessment AnalysisPinnacle has extensive experience helping insurers, captives, and self-insurance programs determine appropriate dividend levels and actuarial sound allocation methods.
Alternative Risk Transfer Program DesignPinnacle 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.