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Tomorrow's Leaders Are Among Us
Erich Brandt May 03, 2017 Posted in: Blog Posts, Blog, General

When college students, regardless of their chosen major, ask for advice on how to cope with the changing job market, “Communication skills are critical,” is what they’ll hear.  We can perform complex regressions on personal computers and use presentation software to create slides, or we can build software programs designed to take an actuarial loss triangle and, with the press of a button, create a set of loss development exhibits… but someone has to explain all of this.

The Value of University Partnerships
Erich Brandt January 18, 2017 Posted in: Blog Posts, General, Community Involvement
The strategic plan of the Casualty Actuarial Society includes a directive to “Develop strong relationships with academics and increase awareness among academics of the CAS career path.” Recognizing there are currently just over 3,000 four-year degree-granting institutions in the United States, a question arises as to how far this outreach extends. With this in mind, I’ve gone back to my roots and visited the two academic institutions that have most impacted my life.
Captive Law Variability Across the Fruited Plain
Erich Brandt June 30, 2016 Posted in: Blog Posts, Captives
More than 30 states, the District of Columbia and Puerto Rico have enacted captive laws, and others are exploring the idea. As the list of captive domiciles expands, so does the variability in the captive regulatory environment. Understanding the key regulatory differences is an important consideration in choosing (or changing) a captive domicile.
Erich Brandt

What is Material Adverse Deviation?

Let’s Start Exploring

What is Material Adverse Deviation?
Erich Brandt September 15, 2015 Posted in: Blog Posts, Apex Webinar
This past January, Pinnacle presented an Apex webinar on the “Statements of Actuarial Opinion – Year End 2014” which discussed considerations when creating or reviewing a Statement of Actuarial Opinion (SAO) focusing on changes in the National Association of Insurance Commissioners (NAIC) guidance memo. Feedback from this presentation indicated that future discussions of the Risk of Material Adverse Deviation (RMAD) section of the SAO, as well as how to interpret the role of the Chief Risk Officer (CRO) in assessing a company’s risk profile may be useful expansions of this general topic.
Erich Brandt

You Can’t Take the University Out of the Student

Educational, Collaborative Activity with Illinois State University

You Can’t Take the University Out of the Student
Erich Brandt March 21, 2015 Posted in: Blog Posts, General
When I graduated from Illinois State University (ISU) in 1996, there wasn’t an Actuarial Science major, ISU’s Katie School of Insurance was five years old and the current location of the State Farm Hall of Business was a softball diamond. Now with an Actuarial Science major under the tutelage or Dr. Krzysztof Ostaszewski (Dr. Krys), ISU is recognized as a Center of Actuarial Excellence and has nationwide demand for its graduates. The Katie School of Insurance has been directed by Jim Jones since 2001, and supports 300 insurance majors and minors. Jim and Dr. Krys are constantly developing and nurturing partnerships between academia and business to increase student opportunities.
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