It’s not a lack of activity. It’s a lack of coordination. Introduction While the challenges within individual areas of the actuarial function are often well understood, improving overall performance remains difficult. This is rarely due to a lack of activity. In many insurance companies, significant effort and investment are already underway. The difficulty lies in […]

Optimisation isn’t enough. Alignment is what matters. Why Focusing on Individual Components Falls Short Actuarial performance is often assessed by looking at individual parts of the function. Systems are reviewed for efficiency. Models for accuracy. Data for quality. Processes for timeliness. Each of these matters. However, assessed in isolation, they only tell part of the […]

The real issue isn’t capability. It’s how everything fits together. Where Complexity Comes From In many organisations, systems are implemented independently of how work is actually performed. This creates gaps between components, which are filled with manual workarounds. Processes then adapt to accommodate these limitations. Additional steps are introduced to bridge systems, manage data issues […]

The gap between investment and improved performance Why Investment in Actuarial Capability Does Not Always Improve Performance Despite sustained investment in systems, data and modelling capability, many organisations continue to struggle to achieve meaningful improvements in overall actuarial performance. These initiatives often deliver localised gains. However, they do not consistently translate into broader, sustained improvements […]

How insurers can improve fairness, efficiency and control through automated bonus rate setting. Bonus rate setting is one of the most critical yet time-consuming tasks for life insurers. Traditionally reliant on expert judgment and manual iteration, it consumes valuable actuarial time and introduces inconsistency. By applying automation, this process can be transformed, delivering faster, fairer […]

‘Actuarial functions are the hidden engines of insurance, yet many are still running on legacy fuel.’ In an era where data drives competitive advantage, the insurance industry faces a real paradox. On the one hand, billions are spent on product innovation, marketing and distribution, while the actuarial function, the analytical engine room of insurance, remains […]

Once an integral part of actuarial modelling, the process of model pointing has become less essential as computer processing power has increased. However, with current trends in the industry seeing a move towards Cloud-based infrastructure, model pointing offers opportunities to increase efficiency and reduce running costs, whilst maintaining the accuracy of results. Model Pointing – […]