Reinsurance
A reinsurance transaction involves three types of parties — a buyer, a seller and their intermediaries. Pinnacle provides actuarial and risk management services to all three sectors, as well as outside parties, such as auditors, regulators and rating agencies.
For buyers hoping to optimize the value of a coverage, Pinnacle can analyze your organization’s risk retention levels, comparing costs between coverage options and evaluating the risk being transferred before and after the transaction.
For sellers seeking a reasonable return on the assumption of risk, our reinsurance pricing model, reserve analysis and capital allocation modeling provide invaluable support to your underwriters. And as you strive to maintain a high-quality and profitable book of business, our experienced consultants can provide the underwriting, product management and auditing support you need.
If you’re an intermediary who wants your clients to be comfortable with the value of their transaction, we can independently review the relative value of competing options. We’ll also conduct risk transfer analyses — essential features in documenting the effectiveness of individual reinsurance contracts, and a service we routinely provide for a variety of audiences, including auditors.
Pinnacle consultants have a tremendous breadth of reinsurance experience. From reinsurance pricing and reserving, to reinsurance underwriting and catastrophe modeling applications, we always strive to learn about your unique business operations and apply our expertise to provide solutions you need.
Pinnacle serves a wide range of reinsurance customers, including:
Primary Companies — We can help primary companies, including insurance companies, alternative market insurers and self-insured organizations, to optimize reinsurance purchases, evaluate retained risk, review catastrophe exposure and develop reinsurance underwriting submissions.
Reinsurance Companies — We provide loss reserving, latent mass tort loss reserving, reinsurance underwriting, audit support and reinsurance pricing for a large variety of reinsurance companies.
Brokers — We assist brokers by helping their clients optimize reinsurance purchases, evaluate retained risk, review catastrophe exposure and develop their reinsurance underwriting submissions.
Auditors — Pinnacle provides a complete suite of actuarial support required to complete an audit, such as reviewing a company’s held reserves, providing a second opinion on the held reserves or assisting in the determination of risk transfer in reinsurance contracts.
Regulators — We offer the actuarial support required to complete a regulatory review of an insurance company, including reviewing a company’s held reserves, providing a second opinion on the held reserves or assisting in the determination of risk transfer in reinsurance contracts.
Government Funds — We can assist you in understanding your potential assessments for residual market pools.
Domestic Companies — Pinnacle provides a number of Statements of Actuarial Opinion (SAOs) for reinsurers and primary companies with significant assumed business. We can also assist companies in providing the necessary support to regulatory authorities required in collateral negotiations, commutations or loss portfolio transfers, and reinsurance risk transfer analyses.
Offshore Companies — Bringing extensive experience with companies in a number of offshore locations, we are a designated “loss reserves specialist” in Bermuda for Bermuda clients, and provide reinsurance reserve analysis for the Cayman and other Caribbean-island-based companies. Beyond our regular actuarial services, we can model capital requirements based upon the regulations of local insurance authorities.
Property Lines — Our consultants have knowledge of the various perils impacting property exposures, such as wind, wildland fires, terrorism or mold. Further, our experience includes a strong understanding of property coverages that increase losses, including business interruption and time elements exposures.
Casualty Lines — Our experience includes a number of significant casualty lines, including workers' compensation, general liability, medical malpractice and other professional lines of business. We also have significant experience with specific exposures, such as asbestos, environmental, construction defect and other latent mass torts.
Underwriting — Pinnacle consultants have deep and wide experience in various insurance functions, including reinsurance and primary company actuaries, underwriters and product mangers. We also provide support to primary companies in developing their reinsurance underwriting submissions. In addition, we can provide reinsurance underwriting audit support, which can include a review of ceding companies' adherence to contract provisions or a review of data quality submitted to the reinsurer.
Reinsurance Experts
Reinsurance Services
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ArbitrationMany of our consultants are experienced as expert witnesses in arbitrations, and are ARIAS-certified arbitrators.
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Catastrophe Exposure ManagementPinnacle can assist you in controlling your property catastrophe exposure by determining the impact of policy changes, including deductibles or reviewing geographic areas where exposures are driving your reinsurance purchases.
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Collateral NegotiationsPinnacle provides loss reserve analyses and other diagnostics in support of collateral negotiations associated with deductible and/or self-insured retentions.
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Loss Portfolio TransferPinnacle represents the interests of both buyers and sellers of blocks of business, providing independent evaluations of a program’s indicated unpaid claims liabilities, often reflecting provisions for the time value of money (i.e., discounting) and uncertainty (risk margins).
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Loss Reserve AnalysesPinnacle helps a diverse range of customers establish a reasonable accrual for unpaid loss and loss adjustment expense obligations.
Reinsurance Industries
Who We Serve in Reinsurance
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