Principal and Consulting Actuary
Pinnacle’s Clients Say It Best
May 15, 2018
A lot of Consultants talk about client service. Pinnacle delivers it.
Feb 4, 2016
Communication is Key to Successful Collateral Negotiations
Feb 3, 2015
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Derek Freihaut is a Principal and Consulting Actuary with Pinnacle
Actuarial Resources, Inc. in the Bloomington, Illinois office. He holds a
Bachelor’s Degree in Mathematics and Economics from Rose-Hulman Institute of
Technology in Terre Haute, Indiana. He has been in the property/casualty
insurance industry since 2002.
Mr. Freihaut has considerable experience in
assignments involving loss reserving, funding studies, loss cost projections, captive
feasibility studies, risk transfer analyses, and personal and commercial lines ratemaking.
He currently serves as vice chair on the AAA Committee on Property-Liability
Financial Reporting (COPLFR).
Prior to joining Pinnacle, Mr. Freihaut was
employed at a large insurance company where his responsibilities included
personal and commercial lines pricing. His pricing duties included private
passenger and commercial auto, commercial multi-peril, and rental program lines
November 2019 APEX
State of the Florida Homeowners Market
Authored by Derek W. Freihaut.
Expected Adverse Deviation as a Measure of Risk Distribution
EAD as a Measure of Risk Distribution - *Sign in required to view*
Authored by Derek W. Freihaut and Christina L. Negley and Robert J. Walling III.
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Pinnacle provides the loss reserve analysis and statement of actuarial opinion to the Bermuda-domiciled captive of a major national long haul trucking company for over a decade. This reserve analysis examined the captive's coverages for excess automobile liability coverage, deductible reimbursement under a large deductible workers compensation policy and cargo liability and physical damage coverages. The analysis utilized both company loss development triangles and industry benchmarks. Once the reserve analysis was completed and discussed with the client, the statement of actuarial opinion was produced to comply with regulatory requirements. Our excellent working relationship with the captive’s auditors simplifies the work of both firms on behalf of the captive.
A reinsurer wanted to combine the results of their pricing and reserving models for individual treaties - from diverse lines of business and treaty structures - to produce an annual return distribution for the company. This was a part of their ERM framework and the genesis of their economic capital modeling process. After reviewing treaty wordings and pricing and reserving models, we designed a model that reflected dependency amongst the treaties and produced an annual return distribution. Furthermore, the model was designed to allow users of the model output to easily see how sensitive the results were to the assumed dependency structures.
Pinnacle can provide an evaluation of risk transfer for reinsurance contracts. Pinnacle’s experience includes the review of all types of traditional and non-traditional reinsurance treaties.
Pinnacle’s review of risk transfer in reinsurance contracts is consistent with both Statement of Statutory Principles No. 62, “Property and Casualty Reinsurance,” and Financial Accounting Board Statement No. 113, “Accounting and Reporting for Reinsurance of Short-Duration and Long-Duration Contracts.”
At Pinnacle, we partner with you to explore whatever path it takes to find the answers you need.
July 23, 2020
CAS Webinar: Beyond the Build--Model Implementation and Monitoring
July 23, 2020
July APEX Webinar -
Causes of Recent Adverse Development