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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.
Pinnacle U: An Interactive Business Experience
Multiple May 01, 2019 Posted in: Blog Posts, General, News, Community Involvement
Our annual “Pinnacle U” pairs small groups of college students with one or more of our actuarial analysts in order to research a topic of interest, culminating in a day full of presentations. The format of Pinnacle U hasn’t changed much over the years, but our approach to the event has evolved to foster a real-world business experience for everyone involved.
Parametric Insurance: A New Spin on an Old Product
During this year’s Pinnacle University (Pinnacle U) event, we presented an overview of parametric insurance. Unlike traditional insurance coverage, parametric insurance is not an indemnification product. Instead, it determines a benefit payable in advance of the policy purchase by estimating the loss as accurately as possible, subject to certain conditions being satisfied. The cost of the policy is based on a pre-determined trigger. Examples might include maximum sustained wind speed for hurricane coverage or earthquake magnitude as measured by the Richter scale.
Pinnacle’s Commitment to Community through Pinnacle U
Joe Herbers May 30, 2018 Posted in: Blog Posts, General, News, Community Involvement
Pinnacle recently hosted the 5th annual Pinnacle University (Pinnacle U) event in our Bloomington office. The Pinnacle U program is a collaborative effort with Illinois State University (ISU) to provide training and development opportunities to both our employees and local college students. Consistent with our firm’s commitment to community, Pinnacle U is well-received in the Bloomington-Normal area.
Pinnacle U Continually Contributes to the Actuarial Profession
Joe Herbers May 25, 2017 Posted in: Blog Posts, Self-Insured Entities
Pinnacle recently hosted the 4th annual Pinnacle U event in our Bloomington office. Pinnacle U is a collaborative effort between Illinois State University (ISU) and Pinnacle that provides a wide array of training and development opportunities for its participants. The event is also a tangible response to the strategic plan of the Casualty Actuarial Society (CAS), which lists improving communications and relationships with candidates and academics as a top priority.
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