As the complexity of models used by insurance enterprises continues to escalate, and the reliance placed on such models continues to grow, the importance of ensuring that models operate as intended comes under increased scrutiny.
In the rapidly evolving landscape of the insurance industry, efficient and secure communication between stakeholders is more critical than ever. The Origo Messaging Standard has emerged as a powerful solution to streamline these interactions, particularly for insurance contracts.
Despite the importance of assumption management, many organisations still struggle to find a robust yet flexible solution to the problem and lack an effective assumption management framework.
Are actuaries and other “power users” of Excel using their ingenuity to solve solutions with a relatively limited set of functions… or are they ignorant of other functions that may be better suited to the particular use case?
Spreadsheets are a much-loved tool within the actuarial community. A recent survey conducted by the Institute and Faculty of Actuaries found that 98% of respondents use Microsoft Excel to perform various day-to-day tasks. But how useful are they?