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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.
Pinnacle University (Pinnacle U) is a complex program to pull off. Designing, planning and executing an event like Pinnacle U, usually requires a lot of flexibility in the process. This year, however, required a higher level of flexibility than we might have ever expected. Pinnacle U is an immersive, in-person symposium at which students, professionals, panelists and participants meet and spend the day discovering and debating important actuarial issues of the day.
Pinnacle has enjoyed a highly successful 2017. We have added ten new full-time employees this year and now have 28 credentialed actuaries on staff, with another two actuarial analysts anticipating earning their Associate credential of the Casualty Actuarial Society (CAS) in the spring of 2018.
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