FCAS, MAAA, CERA Principal and Consulting Actuary
Send email (309) 807-2320
Download Bio Download CV
Download vCard
“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 Nov 30, 2016
See all »
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.
2018 Risk Retention Group Benchmarking Study 2018 RRG Benchmarking Study - *Sign in required to view* Authored by Erich A. Brandt and Gregory W. Fears, Jr. and Robert J. Walling III.
See More »
Competitive Analysis - Commercial Lines
Pinnacle was approached by a major national commercial lines insurer to provide comprehensive competitive analysis of the businessowners policy (BOP) and commercial automobile insurance market places. Pinnacle’s analysis began with a comprehensive review of the products filed by the leading twenty insurers of these products examining coverage features, rating elements, tiering and scoring elements, unique coverage features and several other key product development elements. Following this initial step, Pinnacle performed detailed territory and premium comparisons for several states using a dynamic premium comparison engine that allowed investigation at the class, coverage amount and territory level of detail. The company used a batch rating feature to develop indicated rate level estimates. Mapping features looking at ranking and pricing differences were also produced. All of this information was incorporated into a countrywide overhaul of the company’s products and pricing.
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.
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.
At Pinnacle, we partner with you to explore whatever path it takes to find the answers you need.
Learn More
July 16, 2019 MCIA's 14th Annual Conference
July 25, 2019 July Apex Discussion Series - Causes of Recent Adverse Development Register