How a lack of foresight and flexibility during a transformation project can lead to duplication of work and an accumulation of hidden costs.
Author Archives: Andries Beukes
An introduction to a four-part series of blogs about the pitfalls of actuarial process improvement, and where the invisible gorilla fits in.
In the last instalment of my transformation series, I’m going to spare you the analogies and boil down years of involvement in a variety of transformation projects into four practical lessons my team and I have learnt from those that worked well.
Many professions seem to revel in the introduction of new technology to their professions. They realise that every time a tool is enhanced, it enables them to be better at their jobs – whether it be in the operating theatre, on a construction site or in a tech sandbox.
Actuary training fails to prepare students for practical life office work in a crucial way: there is a glaring neglect of IT training.
Andries Beukes discusses with Cintia Cheong (InsuranceERM) the findings of an investigation into how insurers are planning to calculate their IFRS 17 risk adjustment and confidence level.
The necessity of strong actuarial leadership to the success of transformation projects is well established. Once the leaders are on board, what can they do to get buy-in from their teams?