Most Popular

Predicting Insurance Demand with Cultural Variables
Multiple August 10, 2022 Posted in: Blog, General, Pricing & Product Management

For insurance companies who wish to understand existing markets and enter new and emerging markets, being able to accurately predict insurance demand is critical. Currently, demand for insurance is predicted predominately by analyzing economic factors (e.g., gross domestic product [GDP], inflation rate). However, we often see gaps in insurance demand between two different countries, despite the similarity of those countries’ economic conditions. This difference indicates that insurance market dynamics cannot always be captured through economic conditions, or through an economic analysis. Clearly, some additional new and improved rating variables would be useful to more effectively predict insurance demand in different markets.

Show Me the Money
Multiple June 06, 2022 Posted in: Blog, General

Most current (or recently graduated) college students are familiar with several of the methods that can be used to finance a college education. The most preferred options are college savings programs (529 plans), grants and scholarships, because they do not have to be paid back. Secondly most-preferred are government loans, which have lower interest rates compared to other loans. Once those avenues are exhausted, however, it is up to the students and their families to find other alternatives. Traditionally, this would mean that students (or their families) might resort to taking out private loans with higher rates than those offered by the government. But what if there was another funding method to consider – one that relied more directly on the quantifiable expected return of the education being pursued?

Autonomous Vehicles – A Revolutionary Look at Insurance
Multiple May 24, 2022 Posted in: Blog, General

A decade ago, autonomous vehicles (AVs) seemed like a futuristic gimmick, out of reach.

Today, however – although the word “autonomous” might suggest otherwise – most people drive some sort of AV. Various rate filings, both for commercial and private passenger auto, give an idea of how autonomous vehicles are being priced with regard to insurance. Although rate filings do not exist for fully autonomous vehicles, many filings offer discounts for having an autonomous feature attached to the vehicle.

This raises the question – would fully autonomous vehicles be even more cost-effective with regard to insurance?

Saving Scott's Ridge
Rob Walling April 22, 2022 Posted in: Blog Posts, General, Community Involvement

A year and a half ago, I moved to Biltmore Lake, North Carolina. One of the most beautiful natural vistas in this area is the view of Scott Mountain. The north face of the mountain, up to a section of the mountain called Scott’s Ridge, is owned by the Cecil family. After a long period of ownership, the Cecils made the decision last year to sell the 138 acres that make up Scott’s Ridge. I would hate for it to become a condominium development – but, as it turns out, Pinnacle has a client that can help conserve this natural beauty..

Art Randolph

Being a Trusted Business Advisor

Sometimes just being a great consultant isn’t enough.

Being a Trusted Business Advisor
Art Randolph March 24, 2022 Posted in: Blog Posts, General

I had an interesting conversation with a colleague the other day about the difference between being a consultant and a trusted advisor. 

There’s been a lot of ink spilled over the difference. Increasingly, companies have marketed advisory services as a replacement or supplement to consulting services. Although the distinction between the two can seem unclear, there is separation.

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