Insights

Actuarial Insights

The latest insights from Actuartech
Introduction An insurance company receives premiums, manages reserves and pays out claims. Traditionally actuaries have been using the claim data to assist them with calculations of premiums and reserves and to perform actual versus expected claims comparisons. Today we are also seeing how actuaries are playing a more prominent...
Introduction Depending on an insurer’s ultimate financial reporting operating model goals various solution options could be utilised to address IFRS 17 compliance requirements. Many insurers are considering developing an actuarial & accounting control tower from which to calculate, analyse, control and ultimately develop insights into the financial performance of...
Introduction A huge increase in data generation, data capture and data storage combined with significantly increased computing power is providing life insurers with a unique opportunity to re-evaluate the value that their data can provide. Customer Needs It is well known that customers do not respond well to offers...
The impact of Artificial Intelligence on Enterprise Risk Management   Introduction More and more businesses are starting to adopt Artificial Intelligence based solutions. Besides considering the apparent project risk that implementing such techniques introduce, enterprises need to consider what the overall impact will be on their Risk Profile after...
Introduction Put simply, data science is the application of scientific methods to business data to effect action. Data science includes technological tools and statistical methods to provide information to management to assist them in decision making and risk management. It enables us to extract insight from data that can...
The traditional linear model of the career ladder and its steps to seniority no longer applies to many professions. Instead, successful careers are increasingly exploratory in nature. We believe that iterative approaches to adapt and learn repeatedly over a career, with ongoing support and insight from career experts and...
Introduction In the current economic climate, insurers need to improve their processes continually – making them more efficient and cost-effective while maintaining the agility to deal with new requirements.  At the same time, technological change is providing new ways of achieving these objectives.  In particular, the term ‘robotics’ appears...
Insurers are under constant pressure to enhance regulatory compliance procedures and provide evidence for fair treatment of customers and portraying improved conduct. We uncover how some modern day technologies can assist with these challenges. Introduction The insurance sector is seeing unprecedented regulatory requirements on an ongoing, regular basis. Firms...
Workflow and Process Orchestration aims to improve efficiency in companies by increasing the speed of task completion and lowering expenses.