Insurance companies are making significant efforts to modernise their operations, including the actuarial function. Here are the top five challenges we regularly encounter with our clients, and the strategies we employ to effectively overcome them.
Despite a long history of data collection, insurers have been slow to unlock its full potential. Traditional statistical methods, while valuable, haven’t been enough to fully exploit the wealth of information.
The integration of Power Query into actuarial database processes has become a transformative addition for insurance companies.
The success of modernisation projects in insurance companies crucially depends on the seamless integration of databases into actuarial processes. Power Query will make a substantial impact in a brief timeframe.
By providing self-service interfaces and tools that enable actuaries to access and analyse data independently, insurance companies can accelerate their processes to drive innovation and success.
In this webinar we explore what is required to optimise your actuarial processes through the combination of Excel and databases, and how to supercharge it with Power Query.
Read our case study to discover how we used Power Query to cut model point creation time by 70% to help a actuarial modelling and reporting team modernise how they operated.