"After
reading this book, you will better understand
- when you
need an actuary,
- the
advantage of having an actuary on your team,
-
actuarial terms and methods,
- and how to
make decisions based on the advantage of an actuarial analysis."
-
Tim Coomer, author, president of Specific Software Solutions
|
|
Maximize the
benefit of an
actuarial analysis
with An Actuarial
Advantage. |
 |
| In
the booklet entitled An Actuarial Advantage:
Maximizing the Benefit of an Actuarial Analysis, author
Tim Coomer writes, |
|
Effective utilization of an actuarial resource
can prove to be a powerful advantage for brokers, chief
financial officers, and risk managers. Unfortunately, this
advantage is often unrealized due to the complexity of
the risk management process. |
"This
unrealized advantage is what prompted us to write the book," Coomer
says, referring to his colleagues at SIGMA Actuarial Consulting Group
and their affiliate, Specific Software Solutions.
"Our goal in writing the book was to clear up a lot of misunderstood
actuarial topics and to make a variety of risk management professionals more
confident in their interactions with actuaries."
To accomplish this goal, the booklet:
-
Presents a clear
explanation of fundamental actuarial topics and actuarial methods
-
Discusses the
most effective ways to utilize an actuary for a competitive advantage
-
Identifies common
problems encountered by brokers, CFOs, and risk managers when working
with actuaries, and presents strategies for preventing these problems
-
Provides specific
examples of real world applications of actuarial analyses.
Understand Cash Flow Analysis,
IBNR, Loss
Development Factors,
and more
Specific topics include:
-
Defining the actuary
-
Understanding loss
development factors
-
Reserve analysis and
the ABC’s of IBNR
-
Forecasting losses
-
The value of a cash
flow analysis
-
Understanding
confidence intervals
-
Real world
applications for your actuarial analysis
-
Your checklist for
working with an actuary
Additionally, the book warns readers of
common misconceptions and mistakes, emphasizes key concepts to remember
when working with an actuary, and includes a glossary of actuarial
terms.
Do you represent a captive, pool, trust,
small insurance company or other SRBE?
Don't miss our article on the Risk Retention Model |
|
