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When I was in grade school, I volunteered as a crossing guard, helping younger students safely cross the streets before and after school. After serving as a crossing guard for one year, I applied to be a “lieutenant.” However, I was shocked to be told that girls couldn’t be considered for this role. Subconsciously, this experience influenced my career; instead of making me accept the role I was supposed to fulfill, it gave me the push I needed to take up space in the world. When I was in grade school, I volunteered as a crossing guard, helping younger students safely cross the streets before and after school. When I was in grade school, I volunteered as a crossing guard, helping younger students safely cross the streets before and after school.
There’s little that speaks to the success of a program more than when it makes a full and complete circle. The Pinnacle University (Pinnacle U) program is a special, professional skills development program. It provides students with a unique opportunity to conduct research with actuarial professionals and present in front of a panel of experts, providing mentorship to future actuaries and supporting industry growth. Nicole McArdle, associate actuary, has come full circle in the Pinnacle U program. Nicole once participated in Pinnacle U as a student. Later, Nicole joined Pinnacle and became involved with Pinnacle U as an analyst working alongside new students. This year, Nicole graduated into the role of mentor, providing an even higher level of guidance for the Pinnacle U students on her team. We asked Nicole about her experiences on both sides of the Pinnacle U program.
What are the most important considerations for a company when starting a captive? On April 28, I participated in a roundtable discussion hosted by Captive Review, conferring with other experts in captive formation about planning a successful captive. From an actuarial point of view, communication is key. Not only should all projections be documented, but all details, analyses, methods and other important communications must be clear and understandable. Insurance and actuarial reports are not always intuitive for new captive owners, so comprehensible communication of financial considerations to captive owners is paramount.
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