Most Popular

Historic Days for Title Insurance: The State of the Title Insurance Market in 2022

A Short Primer on Title Insurance (and its historic years of 2020-2021)

Historic Days for Title Insurance: The State of the Title Insurance Market in 2022
Multiple September 22, 2022 Posted in: Blog Posts, Homeowners, Insurance / Insurers, News
Pinnacle is proud to serve a number of title insurance providers with actuarial consulting services. Title insurance can sometimes be an underrecognized and occasionally unappreciated market, so Pinnacle keeps a close eye on emerging trends and patterns for our clients.
Tags:
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?

Data Issues: Frequent Problems and Your Solutions
Multiple November 08, 2021 Posted in: Blog Posts, Blog, General

What makes data “bad” or difficult to work with? For actuarial consultants, data from clients is crucial to a comprehensive analysis. Although that data may arrive with any number of issues and challenges, solving those puzzles gives actuaries the opportunity to demonstrate our ability to adapt, innovate and communicate.

1234567
«September 2022»
SunMonTueWedThuFriSat
28293031123
45678910
11121314151617
18192021222324
2526272829301
2345678