FCAS, MAAA, CSPA
Principal and Consulting Actuary
Roosevelt Mosley is a principal
and consulting actuary with Pinnacle Actuarial Resources and has been in the
property/casualty industry since 1994. His skill set includes predictive
analytics applications for all insurance functions, ratemaking and product
development, competitive analysis and litigation support.
He has served as a member of the Casualty
Actuarial Society’s (CAS) and Society of Actuaries’ Joint Committee on
Inclusion, Equity and Diversity, the board of trustees of the Actuarial
Foundation and the CAS Public Relations Advisory Committee. He has also served as
a member of the American Academy of Actuaries (AAA) Racial Equity Task Force.
He is the current
president-elect of the CAS, has served as vice president of marketing and communications
and on the board of directors of CAS, a member of the board of directors of
the International Association of Black Actuaries Foundation, and a member of CAS
and AAA governance task forces.
February APEX Webinar
Defining Discrimination and Quantifying Discriminatory Effects in Insurance
Authored by Roosevelt C. Mosley Jr. and Radost Roumenova Wenman.
Understanding the Implications of COVID-19 on the Automotive Insurance Industry and What They Mean for the Future
Authored by Roosevelt C. Mosley Jr..
See More »
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.
Underwriting & Tiering Analysis
A single state auto insurance writer hired Pinnacle to address its current rating and tiering program. We removed unnecessary underwriting restrictions and more adequately priced risk classes, which allowed the insurer to experience significant, profitable growth.
When we began, the company’s existing tiering design was only based on a few factors, including ones that significantly overlapped with the rating plan. When combined with the underwriting rules, the design was punitive and limited writable business. Through predictive modeling, we helped design a new tiering structure and applied an underwriting scoring approach to eliminate rating plan overlap and remove the overly punitive parts of the plan.
Pinnacle was approached by a major national personal lines insurer to develop a vehicle rating program to replace the use of the ISO symbol product. Pinnacle, through the use of predictive modeling, assisted the carrier in designing a new vehicle rating program which made use of the vehicle’s actual physical characteristics for both the liability and physical damage coverages. The data used for the analysis was the company’s VIN data supplemented with industry VIN data and appended for vehicle characteristics from an external third party vendor. The resultant program completely eliminated the need for use of the ISO symbol and exhibited greater predictive power than the prior ISO based system.
At Pinnacle, we partner with you to explore whatever path it takes to find the answers you need.
October 02, 2022
AGRiP Staff Forum
October 09, 2022
SIIA National Educational