Why Actuarial Performance Needs More Than Technology Actuarial functions are investing heavily in new systems, data platforms, automation and modelling capabilities. But for many organisations, the expected improvement in performance is still not fully materialising. Why? In this edition of 5 Minutes With, we speak to Andries Beukes, Partner, Actuarial Solutions at MBE Consulting, about […]
Author Archives: Andries Beukes
03
Nov
Nov
‘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 […]
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.
05
Aug
Aug
The complexity of today’s insurance sector, has shown emotional intelligence (EI) emoerge as a powerful complement to technical expertise, enabling chief actuaries to lead more effectively, build stronger teams and drive better business outcomes.
30
Jul
Jul
As actuaries, we excel in working with numbers, models, and data analysis. However, mastering the art of communication is equally essential. Clear and effective communication is crucial when presenting to stakeholders, preparing actuarial reports, or explaining complex concepts to non-experts.