FCAS, MAAA, CERA
Principal and Consulting Actuary
“Ch-ch-ch-ch-Changes (Turn and Face the Strange)”
Oct 10, 2017
Disruptive Medical Technology is Changing Lives (Including Mine)
Jan 25, 2017
Puerto Rico – A Domicile on the Move
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Captives Are Hard Work... And Worth It
Authored by Robert J. Walling III.
March 2019 APEX Webinar
2018 Risk Retention Group Benchmarking Study
Authored by Erich A. Brandt and Gregory W. Fears, Jr. and Robert J. Walling III.
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Pinnacle serves many of the largest group captives in the world, many of them domiciled in the Cayman Islands. These reserve analyses are typically produced twice a year and serve multiple purposes. First, they provide a range of reasonable estimates which management uses to determine their best estimate of ultimate losses and unpaid claims liabilities. Second, these reserve estimates can then be allocated to individual members to determine the outstanding liabilities and potential future assessments, if any. Finally, the allocated ultimate losses become the basis for renewal pricing estimates for each member. Pinnacle’s approach to estimating and allocating reserves in group captives is unique in the industry and sets our alternative practice apart with its efficiency and accuracy.
Pinnacle was approached by a regional insurer that wanted to develop a predictive model that estimated the time that a claim would be open based on what is known at the first notice of loss. The company felt like this would allow them to more effectively manage their caseload and handle claims more proactively. Pinnacle, through the use of predictive modeling, assisted the carrier in designing a model which predicted cycle time based on the FNOL. Not only did this give the company a better understanding of its claims, but also assisted them in understanding their claims data better and improving their data collection.
Optimization of Assets and Liabilities
An international insurance and reinsurance company wanted to design an optimization model to be used for both asset and liability decisions. Pinnacle actuaries were able to demonstrate to company management that their initial approach was both practically and theoretically unsound and prevented them from implementing a flawed decision making procedure. We were also able to suggest approaches that were more sound and would allow them to design a model that performed as desired.
At Pinnacle, we partner with you to explore whatever path it takes to find the answers you need.
September 16, 2019
IASA Central States
September 16, 2019