This session promises a thrilling case study of a simple, well-intentioned Fortune 500 company’s use of analytics, faced with the daunting headwinds of a complex market and, dare we say, intimidating actuarial output! 

This riveting tale will address existential questions like: how can captive leadership make critical decisions amidst a turbulent marketplace? How will I ever understand simple takeaways from complex actuarial analyses? And most importantly, will the captive survive the storm? 

Hold onto your popcorn as we work through how the company leverages analytics in its front-end decision making in selecting optimal retentions, considering the amount of capital at play. Then, get ready to dive into how the captive monitored its performance throughout- and post-COVID, leveraging the actuarial report and monthly monitoring of underlying trends by key cost driver category (e.g., cause of loss and region-specific metrics). Then, a scary twist awaits us as we end by taking on the simple task of… allocating property insurance costs! Oh no – not so simple!

Following this presentation, audience members will be able to understand the trade-off of captive retention options, and how the cost of capital can be quantified, how a company severely impacted by COVID and recent litigation reform monitors cost drivers monthly, and how these results interact with actuarial estimates for the captive, and be able to hink holistically about all options related to allocating costs associated with low-frequency/high-severity lines like property, while balancing YOY stability and incentivizing safety.