FCAS, MAAA, CERA
Principal and Consulting Actuary

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Robert J. Walling III

Robert Walling is a principal and consulting actuary with Pinnacle Actuarial Resources and has been in the insurance industry since 1989 and consulting since 1997. He is primarily focused on actuarial studies for captives and self-insureds, including regulatory and litigation support. He also performs commercial lines ratemaking and reserving studies, as well as legislative costing. Mr. Walling has been named one of Captive Review’s Captive Power 50 for the last four years. He has served on the CAS Board of Directors, the Casualty Committee of the Actuarial Standards Board, and numerous CAS and AAA committees, three of them as chairperson. He is a faculty member of the International Center for Captive Insurance Education (ICCIE). Mr. Walling is a frequent speaker at industry meetings on a wide array of topics.

Publications and Media

December 3 2020 APEX Webinar
So You Want to Be An Innovative Actuary
Authored by Kendra Letang and Robert J. Walling III.

October 2020 APEX Webinar
An Update to Pinnacle’s Risk Retention Group Benchmarking Study
Authored by Erich A. Brandt and Gregory W. Fears, Jr. and Robert J. Walling III.

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Case Studies

DFA Model

DFA Model

Pinnacle was asked by a regional insurer to help build a customized financial model for use in strategic decision making and in determining economic capital needs. The model reflected current and potential underwriting operations. It also incorporated economic scenario generators, capital allocation, catastrophe model results, regulatory and rating agency metrics such as risk-based capital (RBC) and Best’s Capital Adequacy Ratings (BCAR), as well as loss reserve variability. The model was designed to be used to evaluate a variety of strategic decisions, particularly related to underwriting, reinsurance, macro investment allocation, and capital allocation decisions.

Portfolio Aggregation

Portfolio Aggregation

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.

Product Management

Product Management

One of our long-standing regional carriers had entered into a new market and asked for Pinnacle’s assistance in bringing their product and processes up-to-date. With Pinnacle’s product, pricing and product management expertise, we were able to provide a wide range of services to our client. Not only did we develop a new rating plan, we also drafted a completely new rate manual and rate pages. Pinnacle also reviewed their Underwriting guidelines and worked with the client to draft new guidelines consistent with the new rating plan and client risk appetite. Pinnacle followed the review through to reviewing system specifications, forms and competitive position and preparing the rate filings. In addition, Pinnacle was able to provide suggestions on customer notifications, agent notifications and ways to track the progress of the new program.

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