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?