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 – […]
27
May
May
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 […]
28
Feb
Feb
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 […]
08
Oct
Oct
The MBE team is gearing up for an action-packed two days at the ASSA 2024 Convention (November 20-21). Mark your calendars and join us at stand 11 to discover how we are shaping the future of actuarial excellence. This year, we’re sharing our expertise in actuarial modernisation to help you: Don’t Miss Our Fun New […]
28
Aug
Aug
Is the actuarial profession undergoing an identity shift? Traditionally seen as number crunchers and risk assessors in insurance and pensions, both aspiring and experienced actuaries now have the chance to explore non-traditional roles.
28
Aug
Aug
In an era where technology and data analytics are rapidly reshaping industries, insurance companies find themselves at a critical juncture: modernising their actuarial operations to stay competitive and meet future demands. As insurers embark on their transformation journeys, the critical role of effective change management cannot be overstated.
19
Aug
Aug
This blog explores the growing investment in AI and ML, the unique challenges faced by life insurance companies and strategies to overcome these challenges, including securing the necessary budget to implement these technologies effectively.