FCAS, MAAA
Senior Consulting Actuary

Send email
(309) 807-2311

Download Bio
Download CV


Download vCard

Industries

Customers

Erich A. Brandt

Erich Brandt is a Senior Consulting Actuary with Pinnacle Actuarial Resources, Inc. in the Bloomington, Illinois office, with nineteen years experience as an actuary.

He is a Fellow of the Casualty Actuarial Society and a Member of the American Academy of Actuaries.  He currently serves as a member of the Casualty Actuarial Society (CAS) Examination Committee.

Mr. Brandt has considerable experience in assignments involving loss reserving, funding studies, cost allocation mechanisms, loss cost projections, competitive analysis, captive feasibility studies, personal lines ratemaking and financial analysis of insurance companies.

Mr. Brandt has made numerous presentations to brokers, corporate risk managers, and CFO’s regarding loss reserving, future loss projections and how their company’s characteristics impact their actuarial calculations.  He also works at length with the students and faculty at Illinois State University (ISU) by teaching class sessions on insurance operations, assisting with the compilation of data for academic research, and discussing the actuarial profession with current and prospective actuarial science majors.  Furthermore, Mr. Brandt is a member of the advisory board for the actuarial science major at ISU.

Publications and Media

July 2018 APEX Webinar
Causes for Recent Adverse Development
Authored by Erich A. Brandt and Gregory W. Fears, Jr..

July 6 2017 APEX Discussion Series
Causes of Recent Reserve Development
Authored by Erich A. Brandt and Gregory W. Fears, Jr..

See More »

Case Studies

Captive Dividend Assessment

Captive Dividend Assessment

An onshore, single parent captive was concerned with the amount of retained earnings and wanted to establish a policy for the minimum capital for the program to trigger dividend distributions. Pinnacle compared the program’s capitalization to a wide variety of industry standards for similar programs from rating agencies, regulators, and other sources. The results of this analysis lead to a recommended board policy regarding a minimum capital threshold for dividend distributions and ultimately to a significant dividend being declared to the parent company.

Self Insured Loss Reserve Analysis

Self Insured Loss Reserve Analysis

Pinnacle was approached by a major, national manufacturer to perform a loss reserve analysis of their retained workers compensation, auto liability, general liability and products liability loss exposures. The previous actuary worked for a large broker which the customer felt presented a conflict of interest. In addition, the actuary used industry benchmarks that the customer felt did not accurately represent their loss development behavior. Pinnacle worked with the customer to better understand their loss exposures, claims handling practices, and corporate risk management philosophy. We worked with the company to gather better internal data and refine the industry benchmarks to better reflect their third party administrator, industry focus and geographic mix. These refinements, and many others, led to a more accurate analysis of the company’s retained loss exposures, a reduced provision for unpaid claims on their balance sheet, and reduced collateral requirements from their fronting carrier.

Staffing Self Insured Reserve Analysis

Staffing Self Insured Reserve Analysis

Pinnacle was retained by a group of staffing companies with large self-insured retentions for their workers compensation loss exposures to perform quarterly loss reserve analyses and annual funding studies. Pinnacle initially used customized benchmarks for the staffing as the basis for our analyses. However, it became apparent that the benchmarks were not reflective of the unique characteristics of this program. Pinnacle worked with the third party administrator (TPA) for the program to gather additional historical experience for the program, as well as consolidated experience for several similar programs administered by the TPA. Using the results of our analysis of the TPA’s previous experience for this program and others like it, we were able to develop benchmark loss development assumptions that tracked much more closely with the program’s actual loss emergence.

Start a Conversation

At Pinnacle, we partner with you to explore whatever path it takes to find the answers you need.

Learn More


In the news

From the Blog

Events & Webinars