FCAS, MAAA, CPCU, ARM, ARe
Principal and Consulting Actuary
Arthur Randolph is a principal and consulting actuary
with Pinnacle Actuarial Resources managing the firm’s Atlanta, Georgia,
office. He has been in the insurance industry since 1998 and has been
consulting since 2001. Art’s consulting career has focused on medical
professional liability (MPL), homeowners, commercial property, workers’
compensation (WC), commercial and personal automobile, general liability,
commercial multiple peril and title exposures.
Art provides actuarial consulting services to property
and casualty (re)insurers, self-insured entities, risk retention groups and
captive insurers. His core services include reserving, ratemaking, risk
transfer testing, funding allocations, and developing experience and
retrospective rating plans.
Art is a member of the American Academy of Actuaries
(AAA) P/C Extreme Events and Property Lines Committee, the AAA Workers’
Compensation Committee, the Casualty Actuarial Society (CAS) Finance Committee
and the Alabama Actuarial Council; he is a former member of the AAA Medical
Professional Liability Committee. Art is actively involved with Association of
Government Risk Pools (AGRiP), California Association of Joint Powers
Authorities (CAJPA), Captive Insurance Companies Association (CICA), CPCU
Society, Florida Chamber of Commerce, Insurance Accounting and Systems
Association (IASA), International Association of Black Actuaries (IABA) and MPL
March 2021 APEX Webinar
Reinsurance 101 in 2021
Authored by Nicholas E. Alicea and Travis G. Murnan and Arthur R. Randolph II.
November 2020 APEX Webinar
State of the Florida Homeowners Market
Authored by Derek W. Freihaut and Arthur R. Randolph II.
See More »
Pinnacle was approached by a major regional, predominantly commercial lines insurer to perform a holistic review of the insurer’s overall operations with an emphasis on determining the company’s personal lines strategy. The review included an historic analysis of industry profitability by line of insurance including various risk diversification scenarios. In addition, we performed a review of the company’s organizational structure with particular focus on the company’s marketing and distribution systems. Pinnacle’s recommendations provided a roadmap which would allow the company to grow more profitably, improve retentions, operate more efficiently and assure that the right personnel were in the right places within the organization.
Medical Malpractice PCF
Pinnacle has developed an excellent working knowledge of patient compensation and birth-related injury funds in many jurisdictions, including Florida, Indiana, New Mexico, Ohio, Virginia, and Wisconsin. In several of these states, we not only complete regular rate indications and loss reserve analyses, we are frequently involved in legislative costing of proposed laws that may impact the fund. These proposed laws have included addition, modification and removal of damage caps, changes to primary coverage limits, revisions to program eligibility or mandatory coverage requirements, and program benefits changes. In all of these states, policymakers have benefitted from Pinnacle’s expert analysis, understandable reports and insightful advice.
Pinnacle was retained by a major national political organization to investigate the impact of several workers compensation reforms including: implementation of mandatory managed care, privatization of state workers compensation insurance funds and the permitting of private insurers to enter previously monopolistic workers compensation states. Our analysis looked at state-level differences in rate levels, insurer experience, coverage competition, the mix of medical and indemnity claims and numerous other metrics. The study was extremely well received and ultimately presented to more than half of the nation’s governors.
At Pinnacle, we partner with you to explore whatever path it takes to find the answers you need.
September 19, 2021
NAMIC Annual Convention
September 21, 2021
SCCIA Executive Educational Conference