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Trucking Captives 101

Rob Walling
August 01, 2018

A new Captive Thought Leader Video featuring Rob Walling, principal and consulting actuary with Pinnacle Actuarial Resources, Inc., titled "A Primer on Trucking Captives" has recently been added to the Captive.com video library.

Principal and Consulting Actuary Rob Walling of Pinnacle Actuarial Resources, Inc., says that trucking insurance captives are an example of a specialized industry that requires specialized care. In a number of industries and coverages in the captive insurance space, such as trucking, an actuary cannot simply dabble. The claims handling is different, and the methods and assumptions that the actuary makes must accurately reflect the realities of the trucking company. In the past few years, there has been a profound and unanticipated spike in claims frequencies and claims severities in the trucking industry. The industry data suggest that there were more cars on the road around the trucks. There is also a rise in distracted driving, not from the truck drivers but from all of the cars around them. Much time and effort has been spent helping trucking captives quantify the frequency and severity trends.

There is no cost to view the videos, and you will find them in the Captive Thought Leader Videos section of Captive.com. More videos will be added in the future.

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If you subscribe to Captive Insurance Company Reports (CICR), see Rob's latest article, titled "Focused on Insurtech: Don't Miss the Bigger Picture" in the IRMI Online library or through your Vertafore ReferenceConnect subscription.

If you don't subscribe to CICR, learn more about it and subscribe!


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