Timothy C. Mosler
Linda K. Brobeck
Laura A. Maxwell
Robert J. Walling III
Derek W. Freihaut
Michael K. Chen
Joseph A. Herbers
Terrence D. Wright
Christopher M. Holt
Aaron N. Hillebrandt
Thomas R. Kolde
Legaré W. Gresham
Roosevelt C. Mosley Jr.
John E. Wade
Gary C. Wang
Arthur R. Randolph II
We have been very satisfied, especially in our recent FL HO filing project.
Pinnacle strives to construct benchmarks for any analysis, whether ratemaking, loss reserving or some other use, as close as possible to replicating the nature of the underlying data being reviewed.
Pinnacle has experience working with model output from all the major catastrophe modelers for hurricane, other wind, earthquake and fire, and making recommendations for rating plans, territory boundaries, catastrophe loads, rate filings, and reinsurance/risk financing structures.
Pinnacle helps insurers identify rating plan elements that can be more appropriately priced or added for additional risk segmentation.
Pinnacle has a powerful set of competitive analysis tools
that provide in-depth market analyses and enable comparison of premiums, rating factors and tiering plans, often with mapping and batch rating capabilities.
Pinnacle has strong experience identifying loss exposures and recognizing that differences exist between businesses. Upon classifying the various exposures, we can help establish a proper structure to minimize losses.
Pinnacle serves a wide variety of customers, including insurers, regulators, agents and industry associations, with industry-leading expertise for pricing and product management.
We support the insurance industry with sound actuarial advice using the most advanced techniques available anywhere. As pioneers in underwriting and pricing techniques, we apply new methods to analyze loss variables with a much higher degree of accuracy.
As well, we can provide the information and data files necessary to do everything from set up and manage your insurance operation to rate filings.
Whether you’re introducing a new program, modifying an existing program, or dealing with a regulatory matter, our experience in all aspects of property/casualty insurance pricing and product management can drive better decisions and help you achieve your goals. Our customers include insurance companies, state insurance departments, government insurers, industry associations and more.
Pinnacle’s experience in pricing and product management includes sectors such as:
Insurtech Startups Are Coming for Your Customers. Data and Digitization Are Your Best Defense.
Sponsored Content in R&I Insights
Authored by Roosevelt C. Mosley Jr..
October 26 2017 APEX Webinar
Current Actuarial Issues in Captive Insurance
Authored by Derek W. Freihaut and Robert J. Walling III.
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Farmowners Product Development
Pinnacle was approached by a leading farmowners insurer to review their current farmowners program. Pinnacle conducted a comprehensive review of competitor's manuals to determine if any additional rate factors needed to be included our client’s current program. Based upon our review, Pinnacle made a number of suggestions including incorporating new rate factors and changing their rating algorithm to a scorecard approach that has been successful in many other lines of business. Pinnacle used its expertise in farmowners product development and cutting edge pricing techniques to improve our clients farmowners product.
Rate Filing Review
Pinnacle typically provides state regulators expert review of company and bureau rate change filings. In a recent review of a Company’s automobile rate filing Pinnacle was able to confirm that the filed rates met the State’s rating laws and Department’s filing requirements. Using a procedure developed by Pinnacle specifically to review rate filings, the Company filing was reviewed against generally accepted actuarial principles. The Company was questioned on certain rating procedures and was able to support their procedures and selections with additional documentation to the filing. Pinnacle was then able to affirm to the Regulator that the filed rates were not excessive, inadequate, nor unfairly discriminatory and that the new rates would not produce any major policyholder dislocations. The Regulator was then able to acknowledge the Company’s filing with confidence that the Regulator had carried out his charge of providing service and protection both to consumers and to the insurance industry.
Rate Indications / Filings
A regional carrier came to Pinnacle wanting to implement an insurance score program along with rate indications for home, auto and farm. Pinnacle developed rate indications for each line, and developed an underwriting scorecard rating approach using insurance score as a critical component. The combination of implementing appropriate rates and the new rating plan enabled this company to turn their business around, become profitable and rebuild their surplus position.
At Pinnacle, we partner with you to explore whatever path it takes to find the answers you need.
December 18, 2018
December Apex Discussion Series -
Actuarial Standards of Practice (ASOP) Disclosures: A Professionalism Quiz
January 10, 2019
January Apex Discussion Series -
Statements of Actuarial Opinion at Year-End 2018