Governance + Control

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?

11th May 2021

The Problematic Convenience of Spreadsheets

Actuarial
Business Excellence
Governance + Control

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?