Professional Experience

Derek Freihaut is a Senior 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 nine years of actuarial experience in the property/casualty insurance industry.

Mr. Freihaut is a Fellow of the Casualty Actuarial Society (FCAS) and a Member of the American Academy of Actuaries (MAAA). He currently serves as Chair of the Casualty Actuarial Society (CAS) Education Policy Committee and is a member of the CAS Syllabus Committee.

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.

Prior to joining Pinnacle, Mr. Freihaut was employed by State Farm Insurance 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 of business.

Engagement Experience

• Advises multiple self insured entities, captives and insurance companies on matters relating to setting rates and financial reporting of unpaid claims liabilities, routinely presenting to Boards of Directors and Executive Committees charged with financial reporting
• Assisted in the internal audit process of numerous off-shore captives for four second tier accounting firms
• Assisted state insurance departments, audit firms and insurance companies on determining risk transfer in reinsurance contracts consistent with FASB 113 and SSAP 62
• Advises multiple group captive insurance companies on matters relating to financial reporting of unpaid claims liabilities and funding
• Assisted several government entities programs on matters relating to setting rates and estimating unpaid claims liabilities
• Assisted on numerous legislative costing estimates for medical professional liability reforms
• Assisted in regulatory review of rate filings and market examinations

Publications/Presentations

• “Common Pitfalls and Practical Considerations in Risk Transfer Analysis,” CAS E-Forum, Spring 2009
• “Actuarial Details of risk Transfer Come to the Forefront,”Pinnacle Actuarial Resources Monograph, June 2008
• “Determining Risk Transfer in Reinsurance Contracts,” Pinnacle Actuarial Resources Apex Discussion Series, August 2007
• “Fundamentals of Loss Reserving and Introduction to Schedule P,” ISU’s Ken Smith Financial Regulators Program 2008 - Present