Pinnacle Actuarial Resources, Inc.

Did you miss our final APEX of the year? No worries! It is now available on our website. Click the link to view now! https://lnkd.in/gYsmAXmF

Last week, Pinnacle team members and guests gathered for our annual Holiday Party in Chicago. Attendees enjoyed dinner, camaraderie and celebration of staff accomplishments. Every year, our firm names a Luann M. Anderson award winner, recognizing a colleague who has made special and substantial contributions to Pinnacle's culture.   We are pleased to announce that Associate Actuary Steve Jagodzinski, ACAS, MAAA is this year's recipient of the Luann M. Anderson award. Heartfelt congratulations and thanks to Steve for all his great work!

Pinnacle would like to thank all our Principal’s for their generosity this holiday season. We end our week with sharing our final charitable organization of the season. Pinnacle Principal and Consulting Actuary Robert Walling is giving back to The Trevor Project. This organization’s mission is to end suicide among gay, lesbian, bisexual, transgender, queer and questioning young people. To learn more about their initiatives, visit their website. https://lnkd.in/gSG_Ckx

🎉 **Enhancing Analytical Skills with Pinnacle's APEX Webinar** 🎉 Yesterday, I had the incredible opportunity to attend the insightful webinar, "#Extending #Generalized #Linear #Models #to #Generalized #Additive #Models", presented by #Radost #Wenman, FCAS, MAAA, CSPA, a seasoned actuary with over 18 years of experience. This session was a deep dive into the evolution from Generalized Linear Models (GLMs) to Generalized Additive Models (GAMs), focusing on advanced techniques to model nonlinearity, smoothing splines, and the application of GAMs in geospatial risk modeling. Key takeaways for me included: - Understanding the #biasvariancetradeoff in smoothing splines. - Learning how to tackle challenges in modeling geographic data using GAMs versus traditional GLMs. - Exploring the practical application of GAMs in the insurance industry, such as geospatial smoothing for geographic risk. - The power of GAMs as #penalizedGLMs, allowing for more flexibility and precision in modeling complex relationships. A huge thank you to Pinnacle Actuarial Resources, Inc. for organizing this webinar and to #RadostWenman for delivering such a clear and comprehensive presentation. Your expertise truly enriched my understanding of these advanced statistical tools and their relevance to actuarial science. 📈 This knowledge will undoubtedly contribute to my analytical toolkit as I continue to grow in the actuarial and data analytics fields. #ActuarialScience #DataAnalytics #GAMs #GLMs #ProfessionalDevelopment #InsuranceInnovation

Unable to join us for our final Pinnacle APEX Webinar of the year? No worries! "Extending Generalized Linear Models to Generalized Additive Models" is now on demand. Watch now! https://lnkd.in/gKWfqQ6V

Today, we are pleased to share the next charitable contribution of the holiday season. Pinnacle Principal and Consulting Actuary Arthur Randolph, II has selected World Central Kitchen. World Central Kitchen uses the power of food to empower communities and strengthen economies. To learn more about them, visit their website. https://wck.org/

This holiday season, Pinnacle Managing Principal Roosevelt Mosley has selected the Crohn's & Colitis Foundation for his charitable contribution. The Crohn’s and Colitis Foundation endeavors to cure Crohn’s disease and ulcerative colitis, and to improve the quality of life of children and adults affected by these diseases. Visit their website to learn more about their wonderful foundation. https://lnkd.in/gcysgQj

Each year Pinnacle Principals donate to charitable organizations that are valuable to them. Today, we share the donation of Pinnacle Principal and Consulting Actuary Tim Mosler. Tim has chosen Meals on Wheels America which is the leadership organization supporting the more than 5,000 community-based programs across the county that are dedicated to addressing senior isolation and hunger. To learn more about Meals on Wheels America, visit their website. https://lnkd.in/eRf2yNK

Our final Pinnacle APEX Webinar of the year is available for registration! Pinnacle Senior Consulting Actuary Radost Wenman will give insight into GAMs and GLMs for modeling nonlinearity. The webinar will take place Thursday, December 19 at 2:00 p.m. (Eastern) Register now! https://lnkd.in/gYsmAXmF

Pinnacle’s annual study of the RRG market and new white paper titled Risk Distribution – Expected Adverse Deviation (EAD) Case Studies are available on the firm’s website. You can read our latest press release and discover these important pieces of thought leadership on our website. https://lnkd.in/gwrjamhP The EAD case study, authored by Principals and Consulting Actuaries Derek Freihaut and Robert Walling, Director and Consulting Actuary Gregory F. and Consulting Actuary Nicholas Gurgone, presents a series of real-word case studies that demonstrate the effectiveness of EAD analysis. Additionally, it discusses the evolving landscape of captive insurance and the usefulness of EAD in shaping risk management strategies. The 2024 Risk Retention Group Benchmarking Study, conducted by team members Robert Walling, Gregory F., Erich Brandt, Brittany Henrich, ACAS, MAAA and Steve Jagodzinski, ACAS, MAAA identifies key trends and developments in the market including RRGs’ capital positions and more.