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 – […]

The introduction of PSAK 117 marks a significant shift in insurance accounting, aiming to enhance transparency and comparability across the industry. While the standard introduces complexities, it also presents insurers with an opportunity to modernise their operations and gain a competitive edge. Key Challenges in Implementation Implementing PSAK 117 is no small feat. Insurers face […]

The actuarial profession is evolving at an unprecedented pace. As data volumes surge, regulatory landscapes shift, and businesses demand more strategic insights, actuarial modernisation is no longer optional – it is essential. At MBE Consulting, we understand that this transformation is about more than just technology; it’s about creating smarter, more agile actuarial functions that […]