What Pinnacle Actuarial Resources, Inc. does

Pinnacle Actuarial Resources, Inc. is an independent property/casualty actuarial consulting firm headquartered in Bloomington, Illinois, with regional offices in Atlanta, Chicago, and San Francisco, plus international operations in Bermuda (Ordinance Holdings Limited) and Canada (Pinnacle Actuarial Resources of Canada). Founded in 2002, the firm serves insurance carriers ranging from top-10 P&C insurers to small and medium-sized companies, as well as captive insurers, self-insured entities, public entity pools, regulators, government insurers, accounting/audit firms, and law firms requiring expert witness support. Its service portfolio spans loss reserving, predictive analytics, pricing/product management, enterprise risk management, reinsurance consulting, legislative costing, fairness consulting, and litigation support.

The firm's core technology stack combines traditional actuarial methodologies with proprietary predictive analytics tooling. Flagship offerings include the Vehicle Build Score (VBS), developed in partnership with CARFAX and leveraging full 17-digit VIN-level vehicle data for auto insurance pricing and risk selection, and Pinnacle Precision Scoring, an advanced predictive analytics scoring tool. Pinnacle monetizes primarily through project-based consulting engagements and retainer arrangements priced by scope and complexity; the company does not disclose public pricing and operates a relationship-led B2B enterprise field sales motion supported by 65+ annual industry trade show participations, the 14-year-running APEX webinar series, and an academic talent pipeline via Pinnacle University.

Pinnacle claims to rank among the largest U.S. P&C actuarial firms, supported by 35 CAS-credentialed professionals (up from 14 in 2009), 100+ total headcount, and a client base that grew over 43% during the 2009–2019 period. The firm is privately held with no disclosed institutional or PE ownership and has historically been led by long-tenured principals, including Joseph A. Herbers, who served as managing principal for 16 years (2008–2024).

Name

Pinnacle Actuarial Resources, Inc.

Legal name

Pinnacle Actuarial Resources, Inc.

Website

https://pinnacleactuaries.com

Company type

Private

Founded year

2002

Operating status

Operating

Headcount range

51–100 employees

Short description

Pinnacle Actuarial Resources is an independent property/casualty actuarial consulting firm serving insurance carriers, captives, self-insureds, regulators, and government entities with loss reserving, predictive analytics, enterprise risk management, and pricing services across the US, Bermuda, and Canada.

Ownership category

akta.pro rank

Product category

Actuarial Consulting

NAICS

Other Scientific and Technical Consulting Services (54169)

akta.pro primary industry

Business Interruption & Insurance Claim Valuation (FSAEAHAM)

Keywords

• Actuarial consulting
• Property casualty insurance
• Loss reserving services
• Captive insurance consulting
• Predictive analytics insurance

Headquarters

HQ city

Bloomington

HQ country

United States

HQ region

North America

Offices6 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Actuarial Consulting Services: Professional consulting services including loss reserving, predictive analytics, pricing/product management, enterprise risk management, captive consulting, and regulatory support. Revenue is generated through project-based engagements and retainer arrangements with insurance companies, captives, self-insureds, and government entities.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels6 records

Core offering

Pinnacle Actuarial Resources is an independent actuarial consulting firm providing property/casualty actuarial services to insurance companies, captives, self-insureds, regulators, government entities, law firms, and auditors. Core service lines include loss reserving, predictive analytics, pricing and product management, enterprise risk management, captive and alternative markets consulting, reinsurance consulting, legislative costing, litigation support and expert witness work, and fairness consulting. The firm also offers proprietary analytics products including Pinnacle Precision Scoring and the Vehicle Build Score (VBS), developed in partnership with CARFAX for automobile insurance pricing.

Product overview

Pinnacle Actuarial Resources, Inc. is an independent actuarial consulting firm that ranks among the largest property/casualty actuarial firms in the United States. The firm operates as a services-based consulting practice offering multiple interconnected actuarial solutions rather than a unified software platform. Core offerings include Predictive Analytics, Loss Reserving, Captives/Alternative Markets, Enterprise Risk Management, Legislative Costing, Litigation Support/Expert Witness, Pricing/Product Management, Reinsurance, Fairness Consulting Services, and Pinnacle Precision Scoring. The flagship product is the Vehicle Build Score (VBS), developed in partnership with CARFAX, which leverages predictive analytics and vehicle VIN data for auto insurance pricing. Educational initiatives include Pinnacle APEX Webinars (continuing education) and Pinnacle University (student development program). The firm serves diverse industries including Agriculture, Contractors, Health Care/Medical Professional Liability, Manufacturing, Staffing, and Transportation.

Differentiator

Problem solved

Functional benefit

Brands

• Pinnacle Precision Scoring: Predictive analytics solution for insurance pricing and risk assessment
• Pinnacle APEX Webinars
• Pinnacle University
• Vehicle Build Score (VBS)

Products and services

• Vehicle Build Score (VBS) Risk assessment and pricing tool co-developed with CARFAX that combines advanced predictive analytics with full 17-digit vehicle identification numbers (VIN) and vehicle characteristics to help insurers assess and price automobile insurance risk more accurately.
• Predictive Analytics Consulting Predictive analytics consulting service for personal and commercial insurers of all sizes, from top 10 property/casualty carriers to small insurers, supporting pricing and risk assessment initiatives.
• Loss Reserving Consulting Evaluation of indicated accruals for unpaid claims liabilities and other reserves held by companies for financial reporting, using both traditional methodologies and innovative techniques.
• Captives / Alternative Markets Consulting Actuarial consulting for captive insurance companies, public entity pools, self-insured entities, and alternative market programs to control insurance costs over the long term.
• Enterprise Risk Management (ERM) Consulting ERM consulting including initial review, design and documentation of internal economic capital models and marginal pricing frameworks for insurers and risk-bearing entities.
• Legislative Costing Property/casualty actuarial services for legislative impact analysis and costing studies of proposed legislation for policy makers.
• Litigation Support / Expert Witness Independent, credible, expert actuarial testimony and explanation of actuarial matters in P&C insurance and financial litigation, including reasonable outcome analysis.
• Pricing and Product Management Consulting Industry expertise for pricing and product management serving insurers, regulators, agents, and industry associations across personal and commercial lines.
• Reinsurance Consulting Reinsurance consulting including pricing and reserving, reinsurance underwriting, and catastrophe modeling applications for cedents and reinsurers.
• Fairness Consulting Services Consulting engagements focused on fairness in insurance pricing and underwriting practices.
• Pinnacle Precision Scoring Proprietary predictive analytics scoring solution for insurance risk assessment and pricing, supporting personal and commercial line insurers across hundreds of projects.

Named customers5 records

Segments8 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability2 records

Feature2 records

Partnerships

Six partnerships are on record, tiered core and minor.

• CARFAXcoreStrategic or Co-development PartnerStrategic partnership to develop the Vehicle Build Score (VBS), a tool that combines advanced predictive analytics techniques and vehicle characteristics including the full 17-digit VIN to help insurers assess and price risk more accurately for automobile insurance pricing.
• Ordinance Holdings LimitedcoreStrategic or Co-development PartnerBermuda-based consulting firm acquired by Pinnacle to expand international presence and serve growing Bermuda captive market. Part of strategic acquisition announced by Pinnacle.
• Grape Bay Actuarial Consulting Inc.coreStrategic or Co-development PartnerCanadian firm whose client renewal rights were acquired by Pinnacle. This acquisition established Pinnacle Actuarial Resources of Canada subsidiary to support Canadian property and casualty market.
• Illinois State University (ISU)minorStrategic or Co-development PartnerAcademic partnership supporting Pinnacle University program, providing actuarial science students to participate in the annual program. ISU Actuarial Program Director involved in program oversight.
• Bradley UniversityminorStrategic or Co-development PartnerExpanded partnership for Pinnacle University program to include Bradley University students in addition to Illinois State University participants.
• Milwaukee School of Engineering (MSOE)minorStrategic or Co-development PartnerAcademic partnership expanded to include MSOE students in Pinnacle University program for broader geographic reach in the Midwest.

Scale indicators5 records

Recent moves7 records

Expansion highlights6 records

Broad incumbents

• Aon: Global professional services firm with actuarial and insurance consulting capabilities serving carriers, captives, and self-insureds. Competes on larger enterprise mandates where Pinnacle would not be sole provider.
• Marsh McLennan: Parent of Marsh (brokerage) and Mercer (consulting), with actuarial capabilities through Marsh and Oliver Wyman-adjacent practices. Provides similar P&C actuarial and risk advisory services at much greater scale.
• Deloitte: Big 4 firm with an established insurance actuarial consulting practice covering P&C reserving, pricing, and predictive analytics. Often competes with Pinnacle on large carrier and regulatory engagements requiring multidisciplinary teams.
• Ernst & Young (EY): Big 4 firm with a global insurance and actuarial services practice. Comparable to Pinnacle in P&C reserving and pricing work, but typically engaged as part of broader audit and advisory mandates.
• KPMG: Big 4 firm with an insurance actuarial practice serving P&C carriers and alternative risk transfer clients. Direct overlap with Pinnacle on reserving, pricing, and regulatory actuarial work, usually as part of larger multi-service deals.
• Willis Towers Watson (WTW): Global insurance brokerage and advisory firm with a sizable actuarial consulting arm. Overlaps with Pinnacle on P&C pricing, reserving, and risk consulting for carriers and self-insureds, though delivered as part of a much broader insurance services platform.
• PricewaterhouseCoopers (PwC): Big 4 firm offering actuarial, risk, and insurance consulting. Competes for similar carrier and captive mandates, particularly where actuarial work is bundled with audit or broader transformation engagements.

Direct peers

• Milliman: Largest independent actuarial and consulting firm globally with a deep P&C practice. Most directly comparable peer to Pinnacle across loss reserving, predictive analytics, captives, and ERM, though substantially larger and more diversified.
• Huggins Actuarial Services: Independent P&C actuarial consulting firm focused on insurers, captives, and self-insureds. Closest small-scale peer to Pinnacle in specialization, customer mix, and delivery model, providing a useful size and growth benchmark.
• Oliver Wyman: Global management consulting firm with a leading insurance and actuarial practice serving P&C carriers, captives, and reinsurers. Competes with Pinnacle on enterprise pricing, reserving, and predictive analytics engagements.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/pinnacle-actuarial-resources-inc-

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Pinnacle Actuarial Resources, Inc.