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The Modeling Lifecycle—Don’t Break the Chain!
Greg Frankowiak June 19, 2019 Posted in: Blog Posts, Predictive Analytics
When it comes to advanced analytics such as building predictive models, many people immediately think about the vast amounts of data, computing horsepower needed, and very sophisticated (often mysterious) techniques applied to the data to produce the results. Without question, all of these aspects are important steps in the process. However, there are several other critical steps both before and after these that can truly make or break an advanced analytics project. We can think of this as the Modeling Lifecycle.
Cybersecurity
Amanda Conklin June 17, 2019 Posted in: Blog Posts, Cyber
During the recent Pinnacle University event, I discussed the growing challenges of the cybersecurity industry in today’s evolving technological world. The importance of advanced measures and practices and how actuarial modeling techniques can be applied to the cybersecurity industry were also discussed. 

Risk Goes to College

How Do Universities Insure Themselves?

Risk Goes to College
Multiple June 13, 2019 Posted in: Blog Posts, Captives, ERM
Pinnacle University is an annual event hosted by Pinnacle Actuarial Resources, Inc., where analysts and actuarial science students from various universities collaborate to research and present on a relevant topic in the insurance industry. This year, our group explored how universities obtain insurance.
CAT Modeling and Wildfires
Multiple June 11, 2019 Posted in: Blog Posts, ERM, Insurance / Insurers, News
The 2018 news cycle was flooded with disturbing images of roaring fires in California. These wildfires were cataclysmic in scale and severity. Even more concerning is that the 2018 severe wildfire season was preceded by an awful 2017 season, which was the worst in recorded history until it was outdone by 2018. These events are troublesome and seem to be increasing in frequency. How can we in the risk management industry account for these seemingly worsening risks?
Reflections on the 2019 DCIA Spring Forum
Michael Paradiso June 10, 2019 Posted in: Blog Posts, Captives, News
The Delaware Captive Insurance Association (DCIA) held its Spring Forum May 7-8 at the Chase Center in Wilmington, Delaware. Captive service providers, captive owners and Delaware’s captive regulators gathered in attendance for sessions covering a range of relevant topics. The conference carried regulation as its unofficial theme, perhaps not unexpectedly, with each session analyzing a different aspect or angle. The impact of politics on captive regulatory decisions, the legal hurdles of insuring the key players of the cannabis industry, and the various state-specific treatments of self-procurement tax were a few of the topics covered.
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