FCAS, MAAA, CERA Principal and Consulting Actuary
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“Ch-ch-ch-ch-Changes (Turn and Face the Strange)” Oct 10, 2017
Disruptive Medical Technology is Changing Lives (Including Mine) Jan 25, 2017
Puerto Rico – A Domicile on the Move Nov 30, 2016
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A New Safe Harbor Is Empowering Captive Owners To Go It Alone Sponsored Content in R&I Insights Authored by Robert J. Walling III.
March 2018 APEX Webinar Expected Adverse Development as a Measure of Risk Distribution Authored by Derek W. Freihaut and Robert J. Walling III.
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Capital Allocation
A reinsurer wanted to compare technical treaty prices using varying capital allocation methodologies. A Pinnacle actuary assisted in the design of a model that used standard allocation methodologies, capital allocation based on marginal impacts to rating agency required capital, and recent ideas in capital consumption / utility theory. The result was a pricing model that highlighted the sensitivity of expected ROEs to the chosen capital allocation method and allowed underwriters to make more informed decisions.
Liquidation - Workers Compensation
Pinnacle was retained by the liquidator of a monoline workers' compensation carrier to estimate outstanding liabilities and provide expert testimony in support of the loss reserve estimation.
Self Insured Loss Reserve Analysis
Pinnacle was approached by a major, national manufacturer to perform a loss reserve analysis of their retained workers compensation, auto liability, general liability and products liability loss exposures. The previous actuary worked for a large broker which the customer felt presented a conflict of interest. In addition, the actuary used industry benchmarks that the customer felt did not accurately represent their loss development behavior. Pinnacle worked with the customer to better understand their loss exposures, claims handling practices, and corporate risk management philosophy. We worked with the company to gather better internal data and refine the industry benchmarks to better reflect their third party administrator, industry focus and geographic mix. These refinements, and many others, led to a more accurate analysis of the company’s retained loss exposures, a reduced provision for unpaid claims on their balance sheet, and reduced collateral requirements from their fronting carrier.
At Pinnacle, we partner with you to explore whatever path it takes to find the answers you need.
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June 24, 2018 NAMIC Management Conference
June 26, 2018 Underwriting Collaboration Seminar