Principal and Consulting Actuary
Pinnacle’s Clients Say It Best
May 15, 2018
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Derek Freihaut is a Principal and Consulting Actuary with Pinnacle
Actuarial Resources, Inc. in the Bloomington, Illinois office. He holds a
Bachelor’s Degree in Mathematics and Economics from Rose-Hulman Institute of
Technology in Terre Haute, Indiana. He has been in the property/casualty
insurance industry since 2002.
Mr. Freihaut has considerable experience in
assignments involving loss reserving, funding studies, loss cost projections, captive
feasibility studies, risk transfer analyses, and personal and commercial lines ratemaking.
He currently serves as vice chair on the AAA Committee on Property-Liability
Financial Reporting (COPLFR).
Prior to joining Pinnacle, Mr. Freihaut was
employed at a large insurance company where his responsibilities included
personal and commercial lines pricing. His pricing duties included private
passenger and commercial auto, commercial multi-peril, and rental program lines
November 2019 APEX
State of the Florida Homeowners Market
Authored by Derek W. Freihaut.
Expected Adverse Deviation as a Measure of Risk Distribution
EAD as a Measure of Risk Distribution - *Sign in required to view*
Authored by Derek W. Freihaut and Robert J. Walling III.
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Pinnacle provides the loss reserve analysis and statement of actuarial opinion to the Bermuda-domiciled captive of a major national long haul trucking company for over a decade. This reserve analysis examined the captive's coverages for excess automobile liability coverage, deductible reimbursement under a large deductible workers compensation policy and cargo liability and physical damage coverages. The analysis utilized both company loss development triangles and industry benchmarks. Once the reserve analysis was completed and discussed with the client, the statement of actuarial opinion was produced to comply with regulatory requirements. Our excellent working relationship with the captive’s auditors simplifies the work of both firms on behalf of the captive.
Pinnacle was retained by an insurance company specializing in catastrophic risk to identify and test alternative sources of risk financing capacity including traditional reinsurance and catastrophe bonds. In order to complete the project, Pinnacle designed a dynamic financial model to determine the cost/benefit of alternate risk financing strategies.
Competitive Analysis - Commercial Lines
Pinnacle was approached by a major national commercial lines insurer to provide comprehensive competitive analysis of the businessowners policy (BOP) and commercial automobile insurance market places. Pinnacle’s analysis began with a comprehensive review of the products filed by the leading twenty insurers of these products examining coverage features, rating elements, tiering and scoring elements, unique coverage features and several other key product development elements. Following this initial step, Pinnacle performed detailed territory and premium comparisons for several states using a dynamic premium comparison engine that allowed investigation at the class, coverage amount and territory level of detail. The company used a batch rating feature to develop indicated rate level estimates. Mapping features looking at ranking and pricing differences were also produced. All of this information was incorporated into a countrywide overhaul of the company’s products and pricing.
At Pinnacle, we partner with you to explore whatever path it takes to find the answers you need.
September 21, 2020
NAMIC Annual Convention
September 24, 2020
September APEX Webinar -
Group Captives 101